Market announcement
AS Harju Elekter Group
LEI code
5299009GM96I0NYKWS93
Size of the entity
Large group
Economic activities
Real Estate Activities
Industry sector(s)
Credit rating agency
Country of registered office
Estonia
General information
Categories
Other price sensitive information
Unique data record identifier
4960
Submission date and time
24.04.2015 13:26:13
Content of announcement in Estonian
Title
AS Harju Elekter omandas Leedu tütarettevõtte UAB Rifas kõik aktsiad
Message
AS Harju Elekter allkirjastas eile, 23.aprillil 2015.a lepingu Leedu tütarettevõtte UAB Rifas kõigi aktsiate ostuks. Tehingu käigus omandas AS Harju Elekter lisaks olemasolevale 63%le veel 37%lise osaluse tütarfirmas UAB Rifas, saades ettevõtte ainuomanikuks. Ostutehing jõustub hiljemalt 28.aprillil 2015. Tehingu hinda vastavalt lepingule ei avalikustata. Tehingujärgselt jätkab UAB Rifas oma nime ja kaubamärgi all ASi Harju Elekter 100%lise tütarettevõttena. UAB Rifas kõigi aktsiate omandamine oli Kontserni strateegiline otsus, kindlustades sellega oma positsiooni Leedus ja eksportturgudel. UAB Rifas juhatuse esimeheks valiti Andres Allikmäe ja liikmeteks Endel Palla, Tiit Atso (Kontserni finantsjuht), Jan Osa (AS Harju Elekter Elektrotehnika müügidirektor) ja Aidas Šetikas, kes jätkab endiselt ettevõtte tegevjuhina. UAB Rifas Grupp, finantskokkuvõte 2012–2014 1000 eurot 2014 2013 2012 Raha- ja pangakontod 662 633 602 Äritegevuse nõuded 1 030 1 005 2 158 Varud 1 285 827 733 Põhivara 1 615 1 664 1 769 Varad kokku 4 592 4 129 5 262 Lühiajalised kohustused 1 165 671 1 723 Pikaajalised kohustused 0 2 10 Omakapital 3 427 3 456 3 529 sh. aktsiakapital 222 222 222 Müügitulu 5 283 5 809 7 221 Ärikasum 109 17 273 Puhaskasum 54 -49 224 Tavapuhaskasum aktsia kohta (EUR) 7 -6 29 Aktsiate arv 7 650 7 650 7 650 Dividend aktsia kohta 9,46 9,46 11,36 UAB Rifas majandustegevuses ei ole pärast viimase majandusaasta lõppu toimunud olulisi muudatusi. 1991.aastal asutatud UAB Rifas põhitegevus on tööstusautomaatika-seadmete ning elektrienergia jaotus- ja ülekandeseadmete projekteerimine, tootmine ja müük. Rifas Gruppi kuuluvad tootmisettevõte Rifas UAB ning tema projekteerimisega tegelev tütarettevõte Automatikos Iranga UAB (51%). UAB Rifase 2014.aasta auditeeritud müügitulu oli 5,3 miljonit eurot, millest 80% moodustas müük väljaspool Leedut. 2014.a lõpus töötas Rifas Grupis 80 inimest. AS Harju Elekter omandas 51%lise osaluse Leedu ettevõttes UAB Rifas 2003.aastal ning suurendas selle 63%ni 2012.a detsembris. Harju Elekter on juhtiv kesk- ja madalpinge elektri- ja automaatikaseadmete tootja Baltimaades ning tuntud ja tunnustatud ettevõte Skandinaavia riikides. Harju Elekter Gruppi kuuluvad elektriseadmete valmistajatehased Eestis, Soomes ja Leedus: AS Harju Elekter Elektrotehnika (100%), Satmatic Oy (100%), Finnkumu Oy (100%) ja Rifas UAB (100%) ning telekommunikatsioonitoodete valmistaja AS Harju Elekter Teletehnika (100%). Lisaks on ASil Harju Elekter finantsinvesteeringud Läti elektriseadmete müügifirmas SIA Energokomplekss (14%) ja Soome börsiettevõttes PKC Group Oyj (5%). Vastavalt NASDAQ Tallinn Börsi poolt emitendile kehtestatud reeglitele ei ole eelnimetatud tehing käsitletav tehinguna seotud osapoolega ning ASi Harju Elekter nõukogu ja juhatuse liikmed ei ole tehingust muul viisil isiklikult huvitatud. Andres Allikmäe Juhataja 674 7400 Lisainformatsioon: AS Harju Elekter juhataja Andres Allikmäe, nõukogu esimees Endel Palla (674 7400). Koostas: Moonika Vetevool Kommunikatsiooni- ja investorsuhete juht 671 2761
Content of announcement in English
Title
AS Harju Elekter acquired all of the shares of their Lithuanian subsidiary UAB Rifas
Message
Yesterday, on 23 April 2015, AS Harju Elekter signed a contract for the purchase of all shares in Lithuanian subsidiary UAB Rifas. In the transaction, AS Harju Elekter acquired a holding of 37% in their subsidiary UAB Rifas, in addition to the previously acquired 63%, and in doing so became the sole owner of the company. The purchase transaction enters into force on 28 April 2015, at the latest. According to the contract, the price of the transaction will not be made public. After the transaction, Rifas UAB will continue to operate under its own name and brand as a wholly-owned subsidiary of AS Harju Elekter. Acquiring all of the shares of UAB Rifas was a strategic move by the Group, helping to secure their position in Lithuania and on export markets. Andres Allikmäe was appointed Chairman and Endel Palla, Tiit Atso (Group’s FO), Jan Osa (Sales Director of AS Harju Elekter Elektrotehnika) and Aidas Šetikas was appointed Member of the Management Board of Rifas UAB. Aidas Šetikas will also continue as a Managing Director of Rifas UAB. UAB Rifas Group, financial summary 2012–2014 1000 euros 2014 2013 2012 Cash and cash equivalents 662 633 602 Trade receivables 1,030 1,005 2,158 Inventories 1,285 827 733 Non-current assets 1,615 1,664 1,769 Total assets 4,592 4,129 5,262 Current liabilities 1,165 671 1,723 Long-term liabilities 0 2 10 Equity 3,427 3,456 3,529 incl. share capital 222 222 222 Revenue 5,283 5,809 7,221 EBIT 109 17 273 Net profit 54 -49 224 Basic earnings per share (EUR) 7 -6 29 Number of shares 7,650 7,650 7,650 Dividend per share 9.46 9.46 11.36 Since the end of the previous financial year there are no significant change in the UAB Rifas business activities. UAB Rifas was established in 1991. The main area of the activities of the company is the production and marketing of the industrial automation equipment and electric power distribution and transfer equipment. The Rifas Group comprises the Lithuanian manufacturing company Rifas UAB, and its subsidiary, Automatikos Iranga (51%), which specialises in design. In 2014, the company's audited sales revenue amounted to 5.3 million euros, of which 80% was sold outside Lithuania. There are 80 employees working in the Rifas Group. AS Harju Elekter acquired a holding of 51% in the Lithuanian company UAB Rifas in 2003 and increased it to 63% in December 2012. Harju Elekter is the leading MV/LV electrical and engineering devices producer in the Baltic States as well as well-known and respected company in Scandinavia. Harju Elekter Group includes manufacturers of electrical equipment in Estonia, Finland and Lithuania: AS Harju Elekter Elektrotehnika (100%), Satmatic Oy (100%) and Rifas UAB (100%), as well as the telecommunications products manufacturer AS Harju Elekter Teletehnika (100%) in Estonia. In addition, AS Harju Elekter has financial investments in the Latvian electrical equipment sales company SIA Energokomplekss (14%) and in the Finnish publicly listed company PKC Group Oyj (5%). The transaction does not constitute a transaction between related parties within the meaning of NASDAQ Tallinn’s Rules and Regulations. The management board and the supervisory board members of AS Harju Elekter are not personally interested in this transaction in any other way. Andres Allikmäe Managing Director/CEO +372 674 7400 Additional information: Andres Allikmäe, Managing Director of AS Harju Elekter; Endel Palla, Chairman of the Supervisory Board (+372 674 7400). Prepared by: Moonika Vetevool Corporate communication and investor relations manager +372 671 2761