IBS secures financing

Press Release
2010-10-22

 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

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

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