Market announcement
Nordic Fibreboard AS
LEI code
54930002HOIXBD15OM06
Size of the entity
Small group
Economic activities
Financial and Insurance Activities
Country of registered office
Estonia
General information
Categories
Other corporate action
Unique data record identifier
7479
Submission date and time
05.09.2019 21:14:11
Content of announcement in Estonian
Title
Skano Furniture Factory OÜ (mööbli tootmine ja hulgimüük) võõrandamine
Message
Skano Furniture Factory OÜ (mööbli tootmine ja hulgimüük) võõrandamine Skano Group AS nõukogu otsuse alusel müüs Skano Group AS täna oma 100% osaluse mööbli tütarettevõttes Skano Furniture Factory OÜ, mis on mööbli tootmisele ja hulgimüügile suunatud ettevõte. Skano Furniture Factory OÜ ostjaks on Wood Export OÜ, ettevõte mis on pikki aastaid olnud Skano Furniture Factory OÜ hankija. Tehingu hinnaks on 100 000 eurot, millega omandab ostja 100% Skano Furniture Factory OÜ osakapitalist. Arvestades Skano Furniture Factory OÜ kohustuste kohandamist suhtes müügihinnaga, siis rahalist ülekannet ei tehta. Skano Nõukogu liikmete ning Skano Juhatuse liikmete ning ostja vahel seosed puuduvad. Peale Skano Furniture Factory OÜ müüki koosneb Skano Group AS järgmistest tütarettevõtetest: Skano Fibreboard OÜ (puitkiudplaadi tootmine ja müük), Skano Property OÜ (mis omab ja haldab kinnistut aadressil Suur-Jõe 48, Pärnu) ning Skano Furniture OÜ (eestis tegutsev jaekaubanduskett, mis omab kolme kauplust). Skano Fibreboard OÜ omakorda omab 100% ulatused Soome tütarettevõtet Suomen Tuulileijona OY (puitkiudplaadi turundamisega tegelev ettevõte Soomes), Skano Furniture OÜ omakorda omab 100% ulatuses Läti tütarettevõtet SIA Skano ning Leedu tütarettevõtet UAB Skano LT. Vastavalt reedel 30. augustil avaldatud börsiteatelike, lõpetatakse Läti ja Leedu poolt opereeritavate kaupluste tegevus 2019 Septembri lõpus. Mööbli tootmise üksuse müügi järgselt sõltuvad Skano igapäevased finantstulemused Skano kiudplaadi äri , Eestis tegutseva mööbli jaeäri ning Suur-Jõe 48, Pärnu aadressil asuva üürikinnisvara tulemuslikkusest. Skano Furniture Factory OÜ on viimase kolme majandusaasta jooksul jõudnud majandustegevusega järgmiste puhaskahjumi tulemusteni: 677 tuhat eurot aastal 2016, 284 tuhat eurot aastal 2017 ja 532 tuhat eurot aastal 2018. Müügikäive on viimase kolme majandusaasta jooksul olnud järgnev: 4,2 miljonit eurot aastal 2016, 3,6 miljonit eurot aastal 2017 ja 3,0 miljonit eurot aastal 2018. Skano Furniture Factory OÜ Auditeeritud majandusaasta aruande finantsnäitajad (tuhat EUR) 2016 2017 2018 ------------------------------------------------------------------------------- Müügitulu kolmandatelt osapooltelt 3 228 2 678 2 270 Grupisisene müügitulu 1 007 900 736 Ärikasum/-kahjum (658) (254) (206) Amortisatsioon/ kulum 210 197 172 Puhaskasum/kahjum (677) (284) (532) Varad kokku 4 201 3 950 2 319 Põhivarad kokku 1 170 996 832 Kohustised kokku 2 321 2 354 979 Põhivara soetus 7 18 10 Intressikulu 76 80 34 Skano Furniture Factory OÜ kandis käesoleva nädala alguses senise laenukohustuse ja arvelduskrediidi kohustuse üle Skano Group AS nimele. Ühtlasi andis Skano Furniture Factory OÜ Skano Group AS-ile üle kõik endiste töötajate hüvistega seotud kohustused. Peale tehingut kantakse muud Skano Furniture Factory OÜ kohustused üle ostjale, välja arvatud need mis on korrigeeritud tehingu summa osas (viidatud kui osakapitali üleandmisega seotud osa). Skano Furniture Factory OÜ äritegevuses ei ole käesoleva majandusaasta jooksul olnud märkimisväärseid muutusi. Ühtlasi ei ole Skano Furniture Factory OÜ seotud juriidilistes vaidlustes. Skano Furniture Factory OÜ osaluse müük ei ole käsitletav tehinguna seotud isikuga ja Skano Group AS nõukogu ja juhatuse liikmed ei ole tehingust muul viisil isiklikult huvitatud. Lisainformatsiooni saamiseks pöörduge: Torfinn Losvik Juhatuse esimees Skano Group AS Telefon: + 372 56 99 09 88 E-mail: [email protected]
Content of announcement in English
Title
Sale of Skano Furniture Factory OU (wholesale and production of furniture)
Message
Sale of Skano Furniture Factory OU (wholesale and production of furniture) Based on the resolution of the supervisory board, Skano Group AS today sold its fully owned furniture subsidiary Skano Furniture Factory OÜ, a furniture company focusing on production and wholesale of furniture. The buyer of Skano Furniture Factory OÜ is Wood Export OÜ, a company which for many years has been a supplier to Skano Furniture Factory OÜ. The purchase price for buying 100% of the share capital of Skano Furniture Factory OU is EUR 100,000. However, after adjustments between the sale price and the liabilities of Skano Furniture Factory OU, there is no monetary payment to be made by the buyer . There are no connections between members of Skano Group's supervisory board and management board to the buyer. Skano Group AS will after the divestiture of Skano Furniture Factory OÜ consist of the following legal subsidiaries: Skano Fibreboard OÜ (sale and production of fibreboards), Skano Property OÜ (owning the real estate located at Suur-Jõe 48, Pärnu), and Skano Furniture OÜ (an Estonian based furniture retail chain, with 3 shops). Skano Fibreboard OÜ in turn owns 100% its Finnish subsidiary Suomen Tuulileijona OY, a fibreboard marketing company in Finland. Skano Furniture OÜ in turn owns 100% its Latvian subsidiary SIA Skano and its Lithuanian subsidiary UAB Skano LT. As announced on Friday 30 August, the operations of the Latvian and Lithuanian operations will cease end of September 2019. Skano's financial performance after the sale of its furniture business will rely on the daily performance of its business unit Skano Fibreboard, retail sale of furniture in Estonia, and rental income from its property in Suur-Jõe 48, Pärnu. Skano Furniture Factory OÜ has during the last three financial years recorded net loss as follows: EUR 677 thousand in year 2016, EUR 284 thousand in year 2017, and EUR 532 thousand in year 2018. Sales during three last three years declined as follows: EUR 4.2 million in 2016, EUR 3.6 million in 2017, and EUR 3.0 million in 2018. Skano Furniture Factory OÜ Audited Annual Report Financials (thousand EUR) 2016 2017 2018 ------------------------------------------------------------------------------- Revenue from external customers 3,228 2,678 2,270 Inter-segment revenue 1,007 900 736 Operating profit/-loss (658) (254) (206) Amortisation/ depreciation 210 197 172 Net profit/loss (677) (284) (532) Assets 4,201 3,950 2,319 Non-current assets 1,170 996 832 Liabilities 2,321 2,354 979 Additions to non-current assets 7 18 10 Interest expenses 76 80 34 Skano Furniture Factory OÜ transferred earlier this week its bank loan and overdraft facilities to Skano Group AS. It also transferred to Skano Group AS all obligations related to the company's ex-workers disability claims. After that all other liabilities in Skano Furniture Factory OU will be transferred to the buyer, except for those adjusted as part of purchase payment (as referred to as part of the share transaction. There has not been any substantial change in Skano Furniture Factory OÜ's business so far this year. Neither has Skano Furniture Factory OÜ been involved in any legal disputes. The sale of Skano Furniture Factory OÜ is not a transaction with connected persons and any members of Skano Group AS supervisory board and management board are not otherwise personally interested in the transaction. For more information, please contact: Torfinn Losvik, Member of Management Board, Skano Group AS Telephone: 56990988, email: [email protected]