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WeSC AB (publ) (WESC.ST)

WESC.ST on Stockholm Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Wesc Jan-March net sales down at SEK 34.7 million
Tuesday, 23 May 2017 03:00am EDT 

May 23 (Reuters) - WESC AB (PUBL) : :JAN-MARCH NET SALES SEK 34.7 MILLION VERSUS SEK 38.7 MILLION YEAR AGO.JAN-MARCH OPERATING LOSS SEK 11.0 MILLION VERSUS LOSS SEK 8.7 MILLION YEAR AGO.LONG-TERM GOALS TO ACHIEVE ANNUAL SALES GROWTH OF 15 PERCENT IN LOCAL CURRENCIES AND AN OPERATING MARGIN OF AT LEAST 10 PERCENT..  Full Article

WeSC Q4 operating loss widens to SEK 28.0 million
Monday, 27 Feb 2017 10:00am EST 

WeSC AB (publ) : Q4 net sales 21.2 million Swedish crowns ($2.35 million) versus 27.6 million crowns year ago . Q4 operating loss 28.0 million crowns versus loss 25.2 million crowns year ago .Long-term goals are to achieve sales growth of 15-20 percent in local currencies and an operating margin of at least 10 percent.  Full Article

Wesc AB appoints Joseph Janus new CEO
Thursday, 22 Dec 2016 05:00am EST 

Wesc AB (publ) :Joseph Janus, former CEO of WeSC Americas Inc., has been appointed CEO of WeSC.  Full Article

WeSC Q2 operating loss narrows to SEK 10.6 million
Wednesday, 31 Aug 2016 02:45am EDT 

WeSC AB (publ) : Q2 net sales 23.1 million Swedish crowns ($2.7 million) versus 16.6 million crowns year ago . Q2 operating loss 10.6 million crowns versus loss 14.8 million crowns year ago .Long-term goal is to achieve sales growth of 15-20 percent in local currencies and operating margin of at least 10 percent.  Full Article

WeSC Q1 operating result swings to loss SEK 8.7 million
Monday, 23 May 2016 02:45am EDT 

Wesc Publ AB : Q1 net sales 38.7 million Swedish crowns ($4.66 million) versus 46.5 million crowns year ago . Q1 operating loss 8.7 million crowns versus profit 2.1 million crowns year ago .Long-term goals are to achieve sales growth of 15-20 percent in local currencies and operating margin of at least 10 percent.  Full Article

WeSC proposes SEK 38.3 mln rights issue and SEK 17 mln convertibles issue
Tuesday, 10 May 2016 02:45am EDT 

WeSC publ AB : Announces a fully underwritten rights issue of about 38.3 million Swedish crowns ($4.70 million) and directed convertible issue of 17 million crowns . Subscription price in rights issue is 1 crowns per share . Subscription period runs from July 7 to July 21 .Issue of convertibles is directed towards Nove Capital Master Fund and will be paid via setting off claims.  Full Article

WeSC announces new store- and distribution strategy
Wednesday, 6 Apr 2016 08:50am EDT 

WeSC:Announces new store- and distribution strategy.For the next 12-18 months, goal is to open 4 new stores in Sweden, 2 new stores in USA and 1 new store in London.First new store in Sweden will open in June this year.  Full Article

WeSC completes acquisitoon of The Shirt Factory
Tuesday, 22 Dec 2015 06:00am EST 

WeSC:WeSC completes acquisitoon of The Shirt Factory.  Full Article

WeSC announces rights issue of about SEK 21.9 mln
Monday, 7 Dec 2015 02:46am EST 

WeSC:Announces rights issue of about 21.9 million Swedish crowns in connection with acquisition of The Shirt Factory.Subscription price in rights issue is 1.65 crowns per share.Seven subscription rights entitle holder to subscribe for two new shares in WeSC.Subscription period runs from and including Jan. 5 to and including Jan. 20, 2016.  Full Article

WeSC acquires The Shirt Factory
Monday, 7 Dec 2015 02:39am EST 

WeSC:Acquires The Shirt Factory AB Purchase price is about 28.0 million Swedish crowns ($3.30 million) paid with own shares.The Shirt Factory sells clothing under its own brand on the Swedish market through 7 stores in Stockholm and Gothenburg.The Shirt Factory is expected to have a turnover of over 50 million crowns with an EBIT of 3 million crowns in current financial year.  Full Article

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BRIEF-WeSC Q4 operating loss widens to SEK 28.0 million

* Q4 net sales 21.2 million Swedish crowns ($2.35 million) versus 27.6 million crowns year ago