In 2019, HANZA Holding AB (publ) has completed two acquisitions with factories in Finland, Germany and the Czech Republic, as well as listed the company on NASDAQ’s main list. Furthermore, extensive efficiency projects are underway in the Group’s manufacturing clusters. The acquisitions, projects and financial impact have previously been described in press releases and interim reports. In order to give an updated view of the Group’s development, HANZA now summarizes and supplements the operational and financial information. Furthermore, HANZA develops its presentation of the financial key figures, in order to more clearly describe the company’s net debt- and profitability development.
Please note that this English translation is for information purposes only. In case of any discrepancies between this version and the Swedish version of this information, the Swedish version shall prevail.
In 2018, HANZA initiated a new phase- the third since HANZA was founded in 2008. Plans and ambitions for this phase- named Strategy 2022- were presented in the interim report for the second quarter of 2018, alongside new financial targets. The aim of Strategy 2022 is for HANZA to grow from its current position- a leading manufacturing strategist in the Nordic region- into a major manufacturing strategist in Europe by 2022.
The major activities completed so far this year, the acquisition of Toolfac in Finland, the listing on NASDAQ’s main list and the acquisition of the German RITTER Group, are part of this strategy. Strategy 2022 also includes a review of the Group’s five production clusters to meet new sales volumes from existing and new customers. Partly through an efficiency program, and partly through so-called customer exchanges, where non-strategic production volumes obtained from acquisitions are phased out and replaced with new contracts.
Overall, based on the turnover outcome of the previous year, this has a positive impact on the Group’s annual net sales by approx. SEK 430 million, with full effect as of the fourth quarter of 2019.
For more information please contact:
Erik Stenfors, CEO, Phone: 46 8 624 62 09, email: firstname.lastname@example.org
Lars Åkerblom, CFO, Phone: 46 8 624 62 10, email: email@example.com
HANZA modernizes and streamlines the manufacturing industry. We create shorter lead time with more environmentally friendly processes and increase profitability for clients by bringing together different manufacturing technologies locally. Founded in 2008, HANZA today has an annual revenue of SEK 2.3 billion and operates in Sweden, Finland, Germany, Estonia, Poland, Czech Republic and China. Among HANZA’s clients are leading companies like ABB, Epiroc, Getinge, Saab Defense och Siemens. For more information visit www.hanza.com
The shares in HANZA are listed on Nasdaq Stockholm.
HANZA modernises and streamlines the manufacturing industry. By gathering different manufacturing technologies locally, we create shorter lead times, more environmentally friendly processes and increased profitability for our customers. HANZA was founded in 2008 and today has an annual revenue of SEK 2,3 billion with operations in Sweden, Finland, Germany, Estonia, Poland, Czech Republic and China. Among HANZA’s customers are leading companies like ABB, Epiroc, GE, Getinge, Oerlikon, SAAB and Siemens.
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