Q&A session for investors and analysts.
High historical growth rate, a proven business model and significant capacity for acquisitions creates good growth opportunities.
A proven high historical growth rate, a proven business model, significant capacity for acquisitions and a more focused Volati creates a base for good growth opportunities going forward. This was concluded by Volati’s management at the company’s capital market’s day on Thursday. All presentations can be accessed via the link below from 08.00 am CET today. The capital markets update is followed by a Q&A session for investors and analysts on 22 March 2021 at 14.00 CET.
Volati’s Chairman of the Board Patrik Wahlén initially noted that a lot is happening within Volati: A distribution of business area Akademibokhandeln to Volati’s regular shareholders is being evaluated, Salix Group has been given more autonomy, while Volati will focus more on acquisitions under the current CFO Andreas Stenbäck who assume the position as CEO on May 1, as announced earlier. As a part of this transformation, business area Akademibokhandeln changes name to Bokusgruppen.
– Volatis’ EBITA result, excluding Bokusgruppen, has increased by 30 percent per year since 2015. We have made ten complementary acquisitions in the last two years. With an increased acquisition focus and an acquisition space of more than SEK 2 billion, I see good opportunities for continued strong growth based on new platform acquisitions, says Andreas Stenbäck.
Maria Edsman, CEO of Bokusgruppen, gives a longer presentation. This is in light of the fact that Volati’s Board of Directors in February instructed Volati’s management to evaluate a possible distribution of Volati’s shares in, and listing of Bokusgruppen.
– Bokusgruppen shows good profitability and strong growth in its digital channels. We have a strong market position with successful digital channels such as Bokus and Akademibokhandeln.se as well as the subscription service Bokus Play, where our nationwide network of profitable stores contributes to recruite new customers in a cost-effective way, she says.
The business area increased its e-commerce market share during the year and in total, digital channels accounted for 44 percent of Bokusgruppen’s sales in 2020.
– We have a clear ambition and plan to increase the growth rate in digital channels through continued investments in the coming years. With 44 million online visits annually, 13 million visits in stores and 2 million members in the customer club, we have fantastic opportunities to attract more customers to try our digital subscriptions and offers, says Maria Edsman.
Håkan Karlström, Head of business area Salix Group, former business area Trading, stated:
– I still see many acquisition opportunities. Salix Group has a strong track record of successful add-on acquisitions. We have a well-proven method for identifying, evaluating, and carrying out acquisitions and then successfully extracting synergies.
In May, Volatis’ current CEO Mårten Andersson will take the role as Chairman of the Board of Volatis’ two business areas, Salix and Bokusgruppen, respectively. A possible decision on a so-called Lex-Asea distribution of Volati’s shares in Bokusgruppen to Volati’s ordinary shareholders is expected to be made at Volati’s Annual General Meeting on April 28 this year.
The presentations are available here
Read more here