Esmaeilzadeh Holding provides a financial update
Esmaeilzadeh Holding AB (publ) ("EHAB") provides a financial update for certain portfolio companies in advance of EHAB’s year-end report 2024, scheduled for publication on 27 February 2025. The financial information provided in connection with this trading update is unaudited, subject to further financial review and may deviate from actual results.
Lyvia Group AB: For the financial year 2024, Lyvia’s pro forma revenue is expected to amount to SEK 2,159 million (2023: SEK 2,021 million) and pro forma adjusted EBITDA is expected to amount to SEK 402 million (2023: SEK 353 million). Cash and cash equivalents are expected at SEK 369 million and net interest-bearing debt at SEK 1,868 million, as per 31 December 2024.1
Novedo Holding AB: For the last twelve months ending 30 September 2024 (LTM Q3 2024), Novedo reported pro forma net sales of SEK 2,984 million and a pro forma EBITDA of SEK 400 million. Cash and cash equivalents were reported to SEK 1,457 million and net interest-bearing debt was SEK 1,032 million.2 Novedo’s Q4 2024 report is scheduled for publication on 18 February 2025.
Rebellion Capital AB: For the last twelve months ending 30 September 2024 (LTM Q3 2024), Rebellion reported pro forma net sales of SEK 891 million and an adjusted EBITDA of SEK 238 million. Cash and cash equivalents were reported to SEK 311 million and net interest-bearing debt was SEK 781 million. Rebellion’s Q4 2024 report is scheduled for publication on 20 February 2025.
Centripetal Partner AB: As of 31 December 2024, the fair value of EHAB’s holding in Centripetal was SEK 221 million (Q3 2024: SEK 228 million), after a dividend of approximately SEK 12 million to EHAB.
Eitrium AB: For the financial year 2024, Eitrium’s pro forma revenue is expected to amount to SEK 345 million (2023: SEK 364 million) and pro forma adjusted EBITDA is expected to amount to SEK 47 million (2023: SEK 55 million). Cash and cash equivalents are expected at SEK 32 million and net debt at SEK 204 million, as per 31 December 2024.3
For further information, please contact:
Mikael Ericson, CEO
Email: mikael.ericson@ehab.group
Saeid Esmaeilzadeh, Chairman of the board
Email: saeid@ehab.group
The information was submitted for publication, through the agency of the contact persons set out above on 12 February 2025, 08:00 CET.
About EHAB
EHAB is an entrepreneurially driven investment company that invests in and develops resilient companies within selected industries. The primary focus is investments in operational groups with opportunities for both organic and acquisition-based growth. For more information, see www.ehab.group.
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1 Lyvia’s preliminary financial information excludes six business units currently under divestment or discontinuation. The adjusted EBITDA reflects items affecting comparability and includes overhead costs of approximately SEK 93 million (2023: SEK 95 million). The net interest-bearing debt includes earnouts.
2 Novedo’s cash and cash equivalents, and net interest-bearing debt, reflect a temporary effect of the bond loan 2021/2024 being redeemed on 4 October 2024. The effect was SEK 939 million.
3 Eitrium’s net debt includes earnouts.