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Volati AB: Volati extends credit agreement with Nordea

Volati has extended its existing credit agreement with Nordea by SEK 1,000 million. The agreement, which amounts to SEK 2,200 million after the increase, secures financing for Volati's continued growth and acquisition-oriented work. 

Volati is currently characterised by two fast-growing business areas and a strong focus on acquisitions. Average annual EBITA growth has been over 40 percent since 2017. In the last twelve months, Volati has made seven add-on acquisitions for existing companies and one acquisition that broadens operations to a new area - telecom infrastructure. The acquisitions have brought additional revenue of approximately SEK 1,300 million.

"Our ambition in focusing the business over the last year has been to create the best possible conditions for continuing growth. Among other things, resources have been freed up that can be invested in further acquisitions. Our financial position is strong, with a net debt/EBITDA ratio of 1.3 times on 30 June. The new credit agreement with Nordea secures financing for continued acquisition-driven growth and gives us the flexibility to act quickly when we find the right acquisition candidates," says Volati CEO Andreas Stenbäck. 

The agreement is an extension of Volati's existing loan agreement with Nordea and consists of a revolving credit facility of SEK 1,900 million and an overdraft facility of SEK 300 million.

For further information, please contact:
Andreas Stenbäck, CEO Volati AB, +46 70 889 09 60, andreas.stenback@volati.se

Volati AB (publ)
Engelbrektsplan 1, SE-114 34 Stockholm
Tel: +46 8 21 68 40
Email: info@volati.se
Corp. reg. no.: 556555-4317

About Volati
Volati is a Swedish industrial group, founded in 2003, consisting of the business areas Salix Group and Industry. Volati mainly acquires companies with proven business models, leading market positions and strong cash flows at reasonable valuations and develops them with a focus on long-term value creation. The strategy is to build on the companies' identity and entrepreneurial spirit, adding leadership, expertise, processes and financial resources. Volati has operations in 16 countries, approximately 1,500 employees and annual sales of just over SEK 5 billion. Volati's ordinary shares and preference shares are listed on Nasdaq Stockholm. Further information is available at www.volati.se.

Source: Cision
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