A solid foundation for a lighter carbon footprint. Autocirc presents its Interim Financial Report for April-June 2023.
Johan Livered, CEO Autocirc comments:
"Following our expansion into new European markets during the first quarter of 2023, we proceeded to further strengthen our position in the Nordic region during the second quarter. By acquiring companies across multiple segments, we are now a more complete supplier of sustainable spare parts to the automotive industry. This provides a solid foundation for collaboration and synergies within the Autocirc Group, supporting our vision of a circular auto parts industry. Our organisation continues to deliver solid results despite a turbulent global operating environment and it is with great confidence in our work and our organisation that we continue to take new steps towards a circular auto parts industry."
Main events in the second quarter of 2023
- In the second quarter, we made two Nordic acquisitions that significantly strengthen our influence in the vehicle parts sector. In May, we acquired the Swedish STS Group, a leading remanufacturer of transmissions in Europe which includes the subsidiaries STS AB (Scandinavian Transmission Service) and LBM Autoparts AB in Stenungsund, Sweden, as well as Vaihteistokeskus Oy in Finland.
- Also in May, we completed our second acquisition by welcoming RM Trucks into the Autocirc Group. RM Trucks OY is a Finnish company specializing in dismantling, machinery and the sale of spare parts for heavy vehicles.
- In early June, we continued our expansion in the Finnish market by acquiring Hinaus Sjöberg OY - a leading group of companies specializing in car transport and towing services. The acquisition encompasses the parent company, Hinaus Sjöberg OY, along with its subsidiaries: Autonkuljetus Sjöberg OY, Hinaus Sjöberg Itä-Suomi OY, and Konekuljetus Sjöberg OY. This sets the stage for more efficient logistics in the Finnish market.
- On June 16th, we initiated trading of the Autocirc Group AB bond on the Nasdaq Stock Exchange in Stockholm. This was done in accordance with the requirements of the bond previously introduced on the Frankfurt Stock Exchange in June 2022.
For further information, please contact:
Gunilla Andersson, CFO Autocirc Group
Email: gunilla.andersson@autocirc.com
Phone: +46 (0)722 184736
