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S&P affirms Storskogen’s credit rating BB and changes the outlook from negative to stable

2024-09-24
Corporate news

On 24 September, S&P Global Ratings (“S&P”) affirmed Storskogen Group AB’s (“Storskogen”) credit rating (Corporate Family Rating) of BB and changed the outlook from negative to stable.

“I am pleased that our efforts have resulted in an improved outlook from S&P. This is a testament to the fact that our progress in reducing net debt, extending and improving the maturity profile of our debt portfolio, as well as having divested a number of low performing companies have improved our credit profile. This provides a solid foundation as we continue to focus on operational improvements in the second half of the year”, says Lena Glader, CFO, Storskogen.

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For more information, please contact:
Andreas Lindblom, Head of Investor Relations
+46 72 506 14 22
andreas.lindblom@storskogen.com

For media inquiries, please contact:
Michael Metzler, Head of Communication
+46 73 305 59 55
michael.metzler@storskogen.com 

About Storskogen
Storskogen is an international group of businesses across trade, industry and services. As a long-term owner, we are positioned to identify, acquire, and develop market leaders with sustainable business models. Storskogen creates value by providing access to capital and strategic direction combined with active governance and a decentralised operational model. Storskogen has approximately 12,000 employees, net sales of SEK 35 billion (LTM) across a diversified group of businesses and is listed on Nasdaq Stockholm.