Ratos

Ratos Q3 2024 results today: Strong cash flows and stable earnings trend in a weaker market. Feel free to listen to our President and CEO Jonas Wiström as he explains the result and the highlights in the video below. (Full report in the comments) https://lnkd.in/dP96Ri85

Happy news from SSEA today! Keep it up!

🤩 Great news today - HL Display - The better shopping experience continue its successful growth journey! ___________________________________________ HL Display (HL) has acquired Kost Klip Manufacturing Ltd. (kostklip), a Canadian manufacturer of in-store communication and shelf management solutions for the retail industry. This acquisition will expand HL’s footprint to North America, further strengthening its position as a leading supplier for in-store merchandising and communication solutions. “This is yet another step on HL's profitable growth journey. It is characterized by underlying good organic growth combined with a high acquisition rate of fine companies, precisely the type of deals that have great industrial synergies. Add-on acquisitions of this type are highly value-creating and an important part of Ratos’s strategy,” says Anders Slettengren, Chairman of the Board of HL Display and Executive Vice President, Ratos. Hats off to HL Display CEO Bjorn Borgman and Team! Keep up the good job! (Full press release from Ratos in the comments)

Today we announce that Anna-Karin Flöjt is the new CEO of Aleido! Aleido is a global market leader in digital aftermarket solutions for complex products. The company, which was previously the Product Information business area at Semcon, was spun off into an independent subsidiary of the Ratos Group at the end of 2023. As of today, Anna-Karin Flöjt has assumed the position of CEO. Anna-Karin Flöjt has an extensive background in management and has been with Semcon and Aleido for many years, serving most recently as regional manager at Aleido. She has an MSc in mechanics from KTH Royal Institute of Technology in Stockholm. “We’re pleased that Anna-Karin has accepted the offer to become the new CEO of Aleido. She combines extensive experience and positive results from her previous roles with leadership and a strong focus on customers. The goal is to continue to advance Aleido’s leading profitability and continuously develop a competitive customer offering. As a market leader, the company has all the prerequisites to take its performance to the next level,” says Anders Slettengren, Chairman of the Board of Aleido and Executive Vice President, Ratos. The previous CEO of Aleido, Johan Ekener, will transition into a new role as a Board member of Aleido. “I’d like to extend my sincere thanks to Aleido’s previous CEO, Johan Ekener. Under his leadership, Aleido has performed well as an independent Ratos subsidiary, leading the industry in growth and margins. During his 18 years at the helm of the business, he designed a strategy that contributed to the company’s profitable and strong position. I look forward to continuing to collaborate with Johan in his new role as a Board member of Aleido,” says Anders Slettengren. “I’m proud and grateful to have been entrusted to lead Aleido during a period of rapid change with many opportunities. The need to bridge the gap between technology and the people who depend on it continues to grow. I look forward to taking the next step, along with all of my enthusiastic colleagues at Aleido. Together with our customers we can further refine our offering on our journey of growth,” says Anna-Karin Flöjt, CEO of Aleido. Many thanks Johan, and best of luck Anna-Karin! (Link to full press release in the comments)

🤩🔊 Great news today - the beginning of a really exciting journey! 🔊🤩 Knightec and Semcon merge – form a strategic partner for the future of product and digital service development The merger of the Ratos companies Knightec and Semcon, two industry leaders, is now under way and is expected to be completed in early 2025. Following the merger, the new company will hold a unique position as northern Europe’s leading company of new products and digital service development. The new company, Knightec Group, is expected to have annual sales of approximately SEK 2.7 billion, and approximately 2,400 employees. “The merger of Knightec and Semcon is a strategically important investment as Ratos continues its journey of growth. Engineers that develops new technology, are essential for profitable companies in a sustainable society, both today and tomorrow. The combined strength of Knightec and Semcon will make the new company the leading player in the northern Europe,” says Jonas Wiström, President and CEO of Ratos. The new management group for Knightec Group will include executives from both Knightec and Semcon. Dimitris Gioulekas, founder and CEO of Knightec, will become President and CEO. Semcon’s former CEO, Markus Granlund, will focus on new assignments outside Semcon, and has also accepted a Board position with the Ratos-owned Speed Group. Björn Strömberg, current CFO of Semcon, will serve as the acting CEO of Semcon during the transition period. “I’d like to offer my sincere thanks to Markus Granlund for his excellent work as CEO of Semcon under Ratos’s ownership. Markus’s leadership played an important role in the company’s positive performance,” says Jonas Wiström. “Knightec Group will allow us to challenge the market and redefine the landscape for product and digital service development. By gathering the experience and expertise from both companies, we are creating broader and deeper customer offerings where the industrial and the digital meet, all while improving our delivery capacity and creating opportunities to expand into new markets. A likely scenario is that, within a few years, Knightec Group will have sales of nearly SEK 5 billion and drive profitability in the industry,” says Dimitris Gioulekas, current CEO of Knightec and incoming President and CEO of Knightec Group. “Today marks the beginning of a journey that I am genuinely looking forward to, together with my fantastic colleagues at Semcon and Knightec,” says Dimitris Gioulekas. The legalities of the merger are expected to be completed in autumn 2024, and the organisational merger in the first quarter of 2025.

✨ Internship at Ratos – Spring 2025 ✨ We are looking for our next Investment Intern to join the team in Stockholm on a full-time basis during the Spring of 2025. As a core member of our investment team, you will play a key role in a variety of projects while developing your skills in the intersection between strategy, valuation, and operations. Ratos offers a professional and inclusive environment with an emphasis on teamwork. Typical tasks include: ▪ Build and develop financial models and draft presentations to support executive and board decision-making ▪ Work closely with our portfolio companies on add-on acquisitions, value-creation initiatives and other operational projects ▪ Evaluation and analysis of new investment opportunities ▪ Support investment processes, due diligence & transaction execution ▪ Research industries and markets (including industry benchmarking, growth outlooks and risks) Who we are looking for: ▪ MSc or final-year BSc student with excellent academic results ▪ Ambitious with a commercial mindset and interpersonal skills ▪ Autonomous and ability to think independently ▪ High degree of proficiency in Microsoft Excel and PowerPoint ▪ Fluency in English and a Nordic language ▪ Previous work experience from management consulting, investment banking, private equity, or other relevant investment organization Please apply no later than 29 September by sending CV, Cover Letter and university transcript to hr@ratos.com We are looking forward to your application! (And if it´s not you - feel free to share in your network!)

Ratos company HL Display - The better shopping experience continues to grow with further acquisitions - way to go! 👏😀

Interesting news today - Speed Group to launch a new solution for optimised construction material flows! Speed Group (Speed), one of Sweden’s largest 3PL providers, is now expanding its offering to include solutions for complete construction material flows. This will not only lead to an optimised use of resources in the construction industry, but will also strengthen competitiveness. Planning material deliveries and ensuring that materials are delivered on time represent a major challenge for the construction industry. Speed is now launching a solution for optimised construction material flows. “This is further evidence that Speed has a genuine ability to have its ears to the ground and understand customer needs, combined with a highly innovative corporate culture. As the economy in the construction industry recovers, Speed has established a service that will streamline the industry,” says Christian Johansson Gebauer, Chairman of the Board of Speed Group and President, Business Area Construction & Services, Ratos. Hats off to Speed CEO Jesper Andersson and Team - keep it up! (Full English press release from Ratos in comments)

Today, Plantasjen filed for restructuring for selected legal entities in Sweden, Norway and Finland. The primary objectives of the restructuring are downsizing the store network, optimizing lease contracts, and rightsizing the organization. “The actions presented today are necessary to transform Plantasjen into a financially viable business going forward and are deemed to be in the interest of the company and its stakeholders. The restructuring is intended to secure long-term and stable profitability on the bottom line,” says Jonas Wiström, President and CEO, Ratos. Despite significant cost reduction programs, it has not been possible for Plantasjen to reach profitability in a high inflation environment impacting both cost levels and consumer purchasing power. The ambition is for Plantasjen to secure a strong store network, which can continue to serve customers and build on its position as the preferred garden center in the Nordic region. (Full press release in comments) Jonas Wiström in Dagens Industri (in Swedish): https://lnkd.in/dKGS8bxN

Really great news from Semcon yesterday! 👏