Lars Save will resign as President and CEO of Ratos's subsidiary
Bisnode in February 2008. Chairman of the Board Håkan Ramsin will
step in as Executive Chairman and acting CEO until a new CEO is
appointed.
Bisnode is a leading European supplier of digital business
information and services within market, credit and product
information. Operations are conducted in five business areas and the
company has operations in 19 European countries. Bisnode has
approximately 3,000 employees.
- Ratos CEO Arne Karlsson: "Lars Save joined the group back in 1987
and has been of decisive importance for Bisnode's successful
development. Under Lars Save's leadership Bisnode's sales have risen
from approximately SEK 125m to SEK 4,000m, operating profit has
increased from SEK 20m to SEK 528m (2006) and approximately 100
add-on acquisitions have been made. Lars Save has now decided to hand
over the baton at a time when Bisnode, with a strong organisation and
the new record year of 2007 behind it, is entering a new phase of
strategic expansion."
Lars Save will leave his position as CEO 4 February 2008 but will
work as a Senior Advisor to the company and its owners. Pending the
appointment of a new CEO, the Chairman of the Board Håkan Ramsin will
step in as Executive Chairman and acting CEO.
Ratos's holding in Bisnode amounts to 70%.
For further information, please contact:
Arne Karlsson, CEO Ratos, +46 8 700 17 00
Clara Bolinder-Lundberg, Head of Corporate Communications Ratos, +46
8 700 17 63
Financial calendar from Ratos:
Year-end report 2007 21 February 2008
AGM 2008 9 April 2008
Interim report January - March 2008 8 May 2008
Interim report January - June 2008 22 August 2008
Interim report January - September 2008 7 November 2008
Ratos is a listed private equity company. The business concept is to
maximise shareholder value over time by investing in, developing and
divesting primarily unlisted companies. Ratos offers investors a
unique investment opportunity. The equity of Ratos's investments is
approximately SEK 11 billion and a market capitalisation of
approxi-mately SEK 26 billion. Ratos's holdings include AH
Industries, Anticimex, Arcus Gruppen, Bisnode, Camfil, Contex, DIAB,
EuroMaint, GS-Hydro, Haendig, Haglöfs, HL Display, HÅG/RH/RBM,
Hägglunds Drives, Inwido, Jøtul, Lindab, MCC, Medifiq Healthcare,
Superfos and Other holdings.
