According to the newspaper’s sources SEB and ABG Sundal Collier been commissioned to manage the listing of the new company.
Siba has presented red figures in the income statement over several years, but managed last year to break loss trend and showed an operating profit before depreciation (EBITDA) of SEK 41 million for the split fiscal year September 2013 to August 2014. Sales for the period amounted to SEK 2.6 billion.
Netonnet yet published its results for 2014. Last year, however, the company announced record figures with revenue of SEK 3.3 billion and operating income before depreciation and amortization (EBITDA) of SEK 68 million.
Harald Ennen, CEO Netonnet, believes, however, that the gains could increase further as a result of synergies from the merger.
– It is so to work the back office. However, we are very careful to keep business concepts independent of each other, said Harald Ennen to Dagens Industri.
The listing is expected to take place after the summer.
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