Esmaeilzadeh Holding publishes interim report for the period January - March 2024

“During the first quarter, EHAB and its portfolio companies have continued to focus on the financial stability of the portfolio through improved financing terms and capital structure, while also working towards the ambition of becoming debt-free. EHAB continues to drive processes for capital raising and asset sales with the goal to subsequently defining an updated strategic direction for the company, where entrepreneurship, long-term value creation, and financial stability will remain the focus.”   - Mikael Ericsson, CEO

Financial overview

• Total net asset value was MSEK 7,157 (7,579), equivalent to SEK 9,129 per ordinary share (9,833).
• Total assets were MSEK 8,749 (9,139).
• Net cash / debt amounted to MSEK -1,332 (-1,296), which corresponds to a loan-to-value ratio (LTV) of 19% (17%). The equity ratio was 82% (83%).
• Loss for the first quarter amounted to MSEK -107 (-28) and earnings per share amounted to SEK -139 (-36).

Significant events during the first quarter of 2024

• On 26 January, EHAB's general meeting decided on a new issue of preference shares, which resulted in a capital injection of MSEK 100. Some previously approved changes to the bond terms became effective in connection with this capital injection. 
• During the first quarter, Rebellion announced the repurchase of the company's bonds to reduce debt. Bonds with nominal value of MSEK 131 were repurchased during the quarter. 
• In February, EHAB announced certain changes to EHAB's board and management team. Mikael Ericson was appointed CEO, Saeid Esmaeilzadeh Chairman of the Board and Mouna Esmaeilzadeh Deputy Chair. 

Significant events after the period

• No significant events have taken place after the end of the period.

Webcast

EHAB’s CEO, Mikael Ericson, will present the report during a webcast today at 11.00 CEST. After the presentation, participants will have the opportunity to ask questions. Participants can join the webcast through the following link:

Esmaeilzadeh Holding AB - Investor Presentation - Jan-Mar 2024

It is also possible to participate via telephone conference through the following telephone number and conference ID:

+46 8 502 428 25

Conference ID: 291 467 348#

Local numbers (for participants outside Sweden)

For further information, please contact:

Michaela Abercrombie Simpson, Head of Communication

Phone: +46 736 301 403

The information was submitted for publication, through the agency of the contact person set out above, at 08.00 CEST on 30 May 2024.

About Esmaeilzadeh Holding AB (publ)

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.