Friday, November 4, 2016

Arcus against the stock exchange Soon it will be wine and spirits on the Oslo stock Exchange – Hegnar Online

the Arcus ASA plans to apply for listing on Oslo Børs. It is one of the leading nordic suppliers of branded products within wine and spirits.

the Company is the world’s largest producer of aquavit, and has a strong market position within wine and spirits in all Nordic countries. Arcus ASA plans to apply for listing of the company’s shares on the Oslo stock Exchange.

When Arcus was spun off from the Monopoly in 1996, the company had a focus on Norway. 20 years later, the Arcus is the largest importer of wine in Norway, the second-largest in Sweden and the third largest in Finland. Arcus is the largest brennevinsprodusenten in Norway, and following the acquisition of Aalborg-akevittene and Old Danish in 2013, the Arcus the second highest also in Denmark.

the Arcus has had revenue growth 17 years in a row. Dedicated staff with high competence is one of the most important reasons for it. Arcus owns some of the most well-known brennevinsmerker, and working with some of the world’s best wineries, ” says ceo Kenneth Hamnes in Arcus ASA in a message.

Since 2005, the annual sales growth averaged 11 percent. In 2015, had Arcus a turnover of almost nok 2.5 billion, and adjusted operating profit before depreciation and amortisation (adjusted EBITDA) of mnok 274. Arcus has a clear strategy for continued growth, both organically and by acquisition.

Together with the Arcus team, I am enthusiastic with the thought of our further growth opportunities, and look forward to welcoming new shareholders welcome through the planned ipo, says Michael Holm Johansen, chairman of the board of Arcus ASA.

the investment company Ratos AB owns 83 per cent of Arcus ASA, and will reduce its stake by an eventual initial public offering.

LikeTweet

No comments:

Post a Comment