Smart Energy Sweden Group AB (publ)
Smart Energy Sweden Group AB (publ): Smart Energy successfully listed on Stock Exchange Düsseldorf and Berlin
DGAP-News: Smart Energy Sweden Group AB (publ) / Key word(s): IPO/Market launch
– Operating activities to focus on energy sector in Sweden – 9m 2016 figures show strong growth of more than 130 % to EUR 43.6 m – Intended growth will significantly increase market share in the “SMART FILLING STATION” business and increase group profitability – Strong growth for 2017 expected Västra Frölunda, Sweden, 8 February 2017 – Smart Energy Sweden Group AB (SMAR, ISIN: SE0002627141) has announced details of its successful listing on the Stock Exchange of Düsseldorf and Berlin. As part of a pure listing, a total of 467.564.312 no-par-value bearer shares (ordinary shares) were admitted to trading at the stock exchanges of Düsseldorf and Berlin on 1 February 2017. The first trading price was 0.035 EUR Euro which leads to a market capitalisation of around EUR 16 million. A capital increase was not implemented as part of the listing. The Swedish based Smart Energy Group with its 50 employees is active in the energy sector of Sweden via different subsidiaries. Beside the operation of filling station (b2c) and trading of fuel with authorized dealers, Smart Energy is active in the bulk sale of fuel (b2b). Smart Energy is also active in maritime logistics and has access to own tanker capacities. The most growing business sector of the company is to offer the public a safe and secure supply of fuel via filling stations in rural Sweden. The so called “SMART FILLING STATION” is an innovative, fully automated, small filling station powered partly by solar panels. In the past two years, the company implemented 9 new SMART FILLING STATION in Sweden, which were mainly developed for the fuel supply in rural regions. 20 more SMART FILLING STATIONS with a capacity of 20-30.000 litres each, are planned in the next two years. Due to the large market for small, simple, cost-effective petrol stations in rural Sweden, Smart Energy sees good opportunities in that business field. It is estimated that there are approx. 5,000 suitable areas which are in need of a Smart filling station. Smart Energy targets a market share in this sector of 10 % over a 5-year period. Its first goal is to operate 100 stations until 2020. Fredrik Johansson, founder and CEO of Smart Energy: “With its listing on the Stock Exchange in Düsseldorf and Berlin, Smart Energy targets to facilitate liquid trading in shares for its existing shareholders on the one hand, while attracting new shareholders through its presence on the European capital market, especially in Germany, on the other. In addition, being listed in liquid markets gives us financial flexibility. We are planning to grow increasingly by equity financed projects. For that purpose, Smart Energy has also strong shareholders like GEM, which has stepped into an agreement of financing EUR 30 million for the next 5 years.” The Management Board Further information: www.smartenergysweden.se About Smart Energy Sweden Group AB
08.02.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |