EAB Group Plc's Board of Directors initiate a strategic assessment of alternatives to support the company's growth

29.August 2018 08:00:00 CET

EAB Group Plc, Company Announcement, 29 August 2018, 9:00 a.m. (EET)

EAB Group Plc's Board of Directors initiate a strategic assessment of alternatives to support the company's growth

The Board of Directors of EAB Group Plc has decided to initiate a strategic assessment of options to support the company's future growth.

EAB Group Plc has mandated Carnegie Investment Bank as an advisor to investigate the company's possible transition to the Nasdaq Helsinki stock exchange list and, where applicable, to conduct capital market transactions in one or more issues. With the potential capital market transactions, the company secures its capability to carry out further acquisitions and execute its growth plan while maintaining an optimal structure of the balance sheet.

The assessment is part of the plan initiated to ensure that EAB Group Plc's financial targets are met.

EAB Group Plc's Board of Directors established new financial targets for the company for the next 3-5 years and they were published in the half-year report on 24 August 2018:

  1. Average organic growth 15% / year
  2. Average non-organic growth 10% / year
  3. In total, doubling of the business in 5 years in terms of turnover
  4. Improvement of profitability to over 35% of comparable turnover (currently 20-25%).

EAB GROUP PLC
Board of Directors

Further information:
EAB Group Plc

Daniel Pasternack, CEO
+358 50 569 3416
daniel.pasternack@eabgroup.fi

Kari Juurakko, Chairman of the Board
+358 50 582 7411
kari.juurakko@eabgroup.fi

Certified Advisor Merasco Ltd
Telephone: +358 9 6129 670

EAB Group offers versatile and high-quality asset management services for private investors, institutions and professional investors. The Group's parent company EAB Group Plc is listed on the First North Finland market maintained by NASDAQ Helsinki Oy (Helsinki Stock Exchanges). EAB Group uses the name Elite Alfred Berg as its marketing name. The Group companies include EAB Asset Management Ltd offering asset management activities, and EAB Fund Management Ltd offering investment fund activities. The Groups' customer base consists of individuals and corporations that are served nationwide in 15 different locations. The Group employs more than 100 investment professionals, and over 25 tied agents provide its services. On behalf of its clients, the Group manages assets of over EUR 3 billion in total. Check out EAB Group's services at www.eabgroup.fi.

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