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Ratos AB (RATOb.ST)

RATOb.ST on Stockholm Stock Exchange

30.94SEK
12:00pm EDT
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-0.48kr (-1.53%)
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31.42kr
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31.26kr
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31.42kr
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30.76kr
Volume
621,363
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41.61kr
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28.46kr

Latest Key Developments (Source: Significant Developments)

Ratos divests its shares in Gudrun Sjodén Group
Wednesday, 12 Sep 2018 08:00am EDT 

Sept 12 (Reuters) - Ratos AB ::SAYS DIVESTS ITS SHARES IN GUDRUN SJÖDÉN GROUP.SAYS RATOS WILL RECEIVE A CONSIDERATION OF APPROXIMATELY SEK 225 MLN FOR ITS SHARES.SAYS DIVESTMENT IS EXPECTED TO GENERATE A POSITIVE EXIT GAIN OF APPROXIMATELY SEK 30 MLN AND IS SCHEDULED TO BE COMPLETED IN Q3 OF 2018.  Full Article

Ratos Q2 pretax profit rises, says trends in several holdings still weak
Friday, 17 Aug 2018 02:00am EDT 

Aug 17 (Reuters) - Ratos AB ::Q2 CONSOLIDATED NET SALES SEK 6,869M (6,741).Q2 PROFIT BEFORE TAX SEK 738M (546).Q2 ADJUSTED EBITA IN PORTFOLIO SEK 764M (740).Q2 NET SALES IN PORTFOLIO SEK 6,456M (6,003).SAYS HL DISPLAY, AIBEL AND BISNODE ALL MADE POSITIVE CONTRIBUTIONS, AS DID HENT, WHOSE RESULTS WERE POSITIVELY IMPACTED BY THE DIVESTMENT OF THE MAJORITY OF ITS RESIDENTIAL DEVELOPMENT OPERATIONS.SAYS HOWEVER, THE TRENDS FOR THE QUARTER IN SEVERAL PORTFOLIO COMPANIES WERE FAR TOO WEAK AND THE COMPANY PORTFOLIO THEREFORE CONTINUES TO FACE CONSIDERABLE CHALLENGES.SAYS EARNINGS TREND WAS PRIMARILY NEGATIVE IN DIAB, BUT EARNINGS FOR THE QUARTER IN KVDBIL, TFS, LEDIL AND SPEED GROUP WERE ALSO POOR.SAYS PLANTASJEN WAS AGAIN IMPACTED BY CHALLENGING WEATHER CONDITIONS THAT BEGAN WITH A LATE WINTER AND FINISHED WITH HOT, DRY CONDITIONS.  Full Article

Ratos AB's Hent divests residential development ops
Monday, 23 Apr 2018 10:00am EDT 

April 23 (Reuters) - Ratos AB ::RATOS AB: HENT DIVESTS RESIDENTIAL DEVELOPMENT OPERATIONS.RATOS AB SAYS SUBSIDIARY HENT HAS SIGNED AN AGREEMENT TO SELL ITS RESIDENTIAL DEVELOPMENT OPERATIONS, HENT EIENDOMSINVEST, TO FREDENSBORG BOLIG..RATOS AB SAYS SALE WILL GENERATE A CAPITAL GAIN OF APPROXIMATELY NOK 85M..  Full Article

Statoil awards NOK 1.3 bln contract to Aibel
Thursday, 19 Apr 2018 01:34am EDT 

April 19 (Reuters) - Statoil Asa ::AWARDING BILLION NOK CONTRACT FOR NJORD BRAVO FSO.CONTRACT VALUE IS AROUND NOK 1.3 BILLION ($167.66 MILLION).IS TODAY AWARDING, ON BEHALF OF NJORD LICENSE, A CONTRACT TO AIBEL FOR UPGRADING OF NJORD BRAVO FLOATING STORAGE AND OFFLOADING (FSO) VESSEL IN NORWEGIAN SEA.STORAGE VESSEL WILL BE PREPARED FOR EXTENDED OPERATION OF NJORD AND HYME FIELDS, AS WELL AS TIE-IN OF TWO NEW FIELD DEVELOPMENTS IN NORWEGIAN SEA, BAUGE AND FENJA.NJORD FIELD CAME ON STREAM IN 1997, AND BOTH PLATFORM AND STORAGE VESSEL ARE NOW BEING UPGRADED FOR ADDITIONAL 20 YEARS.  Full Article

Ratos says Q4 earnings weighed down by impairment, weak earnings i company portfolio
Saturday, 3 Feb 2018 03:11am EST 

Feb 3 (Reuters) - Ratos Ab ::REG-RATOS: RATOS'S EARNINGS FOR THE FOURTH QUARTER OF 2017 NEGATIVELY IMPACTED BY IMPAIRMENT AND WEAKER EARNINGS IN THE COMPANY PORTFOLIO.‍COMPANY PORTFOLIO ALSO POSTED SIGNIFICANTLY LOWER EARNINGS FOR Q4 OF 2017 COMPARED TO 2016​.‍ EARNINGS FOR Q4 OF 2017 WILL BE CHARGED IN AN AMOUNT OF APPROXIMATELY SEK 550 MILLION FOR IMPAIRMENT OF BOOK VALUES​.‍BOARD OF DIRECTORS PROPOSES AN UNCHANGED DIVIDEND OF SEK 2.00 PER SHARE​.‍EARNINGS PER SHARE IS ESTIMATED AT SEK 0.72 PER SHARE FOR FULL YEAR 2017​.SAYS EBITA IN RATOS'S COMPANY PORTFOLIO DECLINED 40 PERCENT DURING Q4 OF 2017 AND SALES FELL 10 PERCENT.  Full Article

Ratos appoints Jonas Wistrom new CEO, Per-Olof Soderberg new chairman
Wednesday, 13 Dec 2017 01:45am EST 

Dec 13 (Reuters) - Ratos AB ::REG-RATOS: JONAS WISTRÖM NEW CEO OF RATOS, PER-OLOF SÖDERBERG NEW CHAIRMAN OF THE BOARD.SAYS ‍MAGNUS AGERVALD WILL STEP DOWN FROM RATOS EFFECTIVE IMMEDIATELY​.SAYS IN CONJUNCTION WITH THIS CHANGE, MAGNUS AGERVALD WILL STEP DOWN FROM RATOS EFFECTIVE IMMEDIATELY.SAYS ‍HAS APPOINTED PER-OLOF SÖDERBERG AS COMPANY'S NEW CHAIRMAN OF BOARD​.SAYS BOARD IS NOT SATISFIED WITH RATOS'S PERFORMANCE.SAYS ‍BOARD'S ASSESSMENT IS THAT THESE CHANGES ARE NECESSARY TO ENABLE COMPANY TO CREATE VALUE​.SAYS TO SUCCEED IN IMPLEMENTING NEW STRATEGIC DIRECTION ESTABLISHED DURING YEAR, WE BELIEVE A DIFFERENT LEADERSHIP IS NEEDED.  Full Article

Ratos Jan-Sep pretax profit at 1,255 mln SEK
Tuesday, 14 Nov 2017 02:00am EST 

Nov 14 (Reuters) - Ratos :Ratos Jan-Sep ‍profit before tax sek 1,255m (-2,220) ​.Says in the third quarter, the portfolio’s earnings performance was unsatisfactory‍​.Says operational management costs are continuing to decline and we estimate that the cost level is about sek 150 mln on a yearly basis.Says to achieve higher earnings, we need to continue increasing the rate of improvement.  Full Article

BRIEF-Ratos posts Q1 loss, says perfomance remains unsatisfactory

* SAYS WHILE THE DECLINE IN EARNINGS WAS LARGELY ATTRIBUTABLE TO PLANTASJEN, WHICH WAS IMPACTED BY AN UNUSUALLY COLD MARCH AND RESTRUCTURING COSTS, AND DIAB, SEVERAL OTHER COMPANIES ALSO REPORTED A NEGATIVE EARNINGS TREND