IBS secures financing


IBS secures financing

IBS secures a financing facility and enters into a cooperation with Svea
Ekonomi

Svea Ekonomi and IBS have entered into an arrangement whereby IBS will
receive a factoring credit facility of 100 mSEK. The cooperation will
cover Sweden, Norway, Denmark and Finland in the first instance. The
companies' ambitions are to extend the cooperation further in the
future.

The factoring credit facility will secure all the working capital needs
for IBS going forward and will further enhance the financial stability
of the company. The IBS Group continues to have a strong financial
standing. At the end of the third quarter the group equity amounted to
460 mSEK, with an equity to total assets ratio of 50% and the company
had no net debt as at the end of the third quarter.

 

For more information, please contact:

Christian Paulsson
Acting President  & CEO IBS AB
Tel: +46 70 211 00 10
christian.paulsson@ibs.net (christian.paulsson@ibs.net)

Lennart Ågren
CEO Svea Ekonomi AB
Tel: +46 8 735 90 00
 lennart.agren@sveaekonomi.se (lennart.agren@sveaekonomi.se)


Attachments

10212309.pdf