Autocirc Group AB

Ticker/ISIN

autocirc

SE0017885916

Marknad/Land

Sweden

Senaste sammanfattade pressmeddelande från Autocirc Group AB

Autocirc has appointed Hugues Delval as the new CEO, effective August 5, 2024. Delval, who has over 20 years of experience in leading and transforming global businesses, will focus on growth, development, and sustainability at Autocirc. Following this appointment, Petteri Saarinen will return to his role as Chairman of the Board. Delval has a strong background in managing operations and financials, and he aims to drive Autocirc's success in the sustainable auto spare parts market. Autocirc, founded in 2019, operates in multiple European countries and focuses on the circular reuse of car parts.

Press Release: Autocirc announces appointment of Hugues Delval as new CEO

för 8 månader sedan

Autocirc and Scholz Group have signed a Letter of Intent (LOI) to form a strategic partnership focused on expanding their reach and operational growth in key European markets. The collaboration will leverage Scholz Group's extensive network in steel and metal scrap trading, processing, and recycling, particularly in Central and Eastern Europe, to help Autocirc expand its market coverage. The partnership aims to enhance the volume, quality, and availability of parts from end-of-life vehicles (ELVs) and recycled raw materials by integrating both companies' core operations in recycling and car dismantling. Petteri Saarinen, CEO of Autocirc, expressed that the partnership aligns with their European expansion strategy and vision for sustainable automotive recycling. Henry Qin, CEO of Scholz Group, highlighted the environmental benefits and support for the circular economy that the collaboration will bring. Both companies aim to set new standards in the automotive recycling industry. For further information, contact: - Petteri Saarinen, CEO Autocirc Group: petteri.saarinen@autocirc.com, +46 72 224 16 72 - Henry Qin, CEO Scholz Group: henry.qin@scholz-group.com, +49 7365 84 70 Autocirc, founded in 2019, focuses on the circular transition in the automotive industry by promoting the reuse, remanufacturing, repurposing, and recycling of car parts. The group operates in multiple European countries and consists of 63 companies with over 1150 employees.

Press Release: Autocirc and Scholz Group sign Letter of Intent to expand European market reach

för 8 månader sedan

Autocirc has completed the acquisition of SVP Auto in Portugal as of July 1, 2024, following a previous announcement. For detailed information, refer to the press release dated June 20. Contact details for further inquiries are provided for Maxime Richaud, CEO of Autocirc France, and Ricardo Geraldo, Managing Director of SVP Auto. Autocirc focuses on promoting a circular economy in the automotive industry by reusing, remanufacturing, repurposing, and recycling car parts. Founded in 2019, Autocirc has rapidly expanded to include 63 companies with over 1150 employees across several European countries, including its latest addition in Portugal.

Press Release: Autocirc completes the acquisition of SVP Auto in Portugal

för 8 månader sedan

Autocirc has announced an agreement to acquire SVP Auto (S.V.P.-AUTO SOCIEDADE DE VENDA DE PEÇAS LDA) in Portugal, with the acquisition expected to be completed by July 2024. SVP Auto, based in Coimbra and Picoto, specializes in vehicle dismantling, recycling, and second-hand trading since 1987, and has 29 employees. This acquisition will expand Autocirc's geographical reach and enhance its commitment to sustainability in the automotive parts industry. Ricardo Geraldo will be the Managing Director of SVP Auto post-acquisition. Autocirc, founded in 2019, aims to promote the reuse and recycling of car parts and currently operates in several European countries.

Press Release: Autocirc signs an agreement to acquire SVP Auto, expanding into the Portuguese market

för 9 månader sedan

Autocirc Group AB (publ) has confirmed that the conditions for the early redemption of its SEK 1,500,000,000 senior secured callable floating rate bonds (2022/2025) have been satisfied. The redemption will take place on June 17, 2024, following the satisfaction of all conditions precedent required for the utilization of new debt facilities by June 10, 2024. Trading of the bonds will cease on June 10, 2024. This announcement is made in accordance with the EU Market Abuse Regulation. Autocirc Group, founded in 2019, focuses on the reuse and recycling of automotive parts and operates in multiple countries. For further information, contact CFO Gunilla Andersson.

Press Release: Autocirc gives notice that the condition for early total redemption of its outstanding bonds has been satisfied

för 9 månader sedan

Autocirc's first quarter of 2024 highlights significant progress in promoting a circular transition in the auto parts industry through key acquisitions in France and Norway. The company reported strong financial performance with organic growth, maintained gross profit levels, and an increased adjusted EBITDA margin of nearly 19%, up from 15% last year. Positive cash flow and a 30% cash conversion rate were also noted. Autocirc continues to build on its solid foundation, aiming to enhance efficiency and profitability through stronger synergies within its network. Favorable societal and political developments, such as an EU directive promoting reuse, are expected to boost demand for used parts. Autocirc is committed to leading the shift towards a sustainable auto parts industry, focusing on reuse, remanufacturing, and recycling. The group, founded in 2019, now includes 63 companies with over 1100 employees across multiple European countries. Further details and the Q1 2024 report are available on their website. For more information, contact CFO Gunilla Andersson.

Report: Autocirc presents the Interim Financial Report January-March 2024

för 9 månader sedan

Autocirc Group AB (publ) has announced its intention to redeem its SEK 1,500,000,000 senior secured callable floating rate bonds (ISIN SE0017885916) early, subject to the fulfillment of conditions related to new debt facilities. The redemption date is set for June 17, 2024, with bondholders receiving 104.375% of the nominal amount plus accrued interest. The redemption is conditional, and bondholders will be notified of the satisfaction or waiver of these conditions by June 7, 2024. If conditions are met, the bonds will be de-listed from Nasdaq Stockholm. This information is disclosed in compliance with the EU Market Abuse Regulation. Autocirc Group focuses on sustainability in the automotive industry through reuse and recycling of car parts and has rapidly expanded since its founding in 2019.

Press Release: Autocirc gives notice for conditional early redemption of its bonds

för 9 månader sedan

Petteri Saarinen, the Chairman of the Board at Autocirc, has been appointed as the Executive Chairman and Interim CEO of the Autocirc Group, effective from April 29, 2024. Johan Livered, the co-founder and current CEO, will transition to a role as a Board member and will continue to support the company's management team. Mattias Pettersson, another co-founder, will also continue his role as a Board member, contributing to the company's M&A strategy. The company, founded in 2019, is a leader in automotive circularity and aims to become the leading supplier of sustainable auto spare parts in Europe. Autocirc currently comprises 65 companies with over 1100 employees across several European countries.

Press Release: Autocirc announces transition in leadership of the Autocirc Group

för 10 månader sedan

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