Enea has closed the divestment of its Nordic consulting business
On December 30 2011, Enea entered into a binding agreement to divest the Swedish consulting companies in Stockholm, Lund and Linköping to Xdin AB, the Swedish subsidiary to Alten Group, a leading global technical consulting company, based in Paris, France.
The final purchase consideration has been settled to SEK 148.5 million compared with the previously estimated amount of SEK 140 million. The divestment will lead to a capital gain in accounting terms of approximately SEK 62.5 million. The purchase consideration has been transferred and will increase Enea’s cash flow with SEK 144 million in the first quarter.
The divested business saw net sales of SEK 275.0 (279.5) million over the full year. Net sales amounted to SEK 303.8 million including transactions between Group companies. The operating profit for the divested business for the full year amounted to SEK 0.3 (30.1) million, corresponding to an operating margin of 0.1 (10.8) percent. Excluding write downs of goodwill, the operating margin for the whole year amounted to 8.2 percent. The numbers for the divested business do not include corporate cost previously allocated on the divested business.
For more information on Alten, visit www.alten.com
For more information on Xdin, visit www.xdin.com
For more information on Enea, visit www.enea.com
This information is such that Enea AB (publ) is to publish in accordance with the Swedish Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication on February 17, 2012 at 14.30 CET.