In Sunday’s Gothenburg Post suit Peter Hjörne, President of the Stampen’s parent company, in response to criticism:
“During the last decade we shared out 9 percent of such funds, and 31 percent of net profit. During the period listed companies shared out between 30 and 50 percent. Schibsted and Bonnier shared during the same period, the percentage more. “
Further beat Peter Hjörne state that no dividends have been submitted for the years 2013 and 2014. No dividend for 2015 is not Speaking of.
According to the Swedish newspaper Svenska Dagbladet Peter Hjörne the past five years taxed on an income of just under 34 million. According to GT, the former CEO Tomas Brunegård received 74 million in compensation for the years 1996 to 2014 when he was CEO and Chairman. He is, according to the same newspaper one of the creditors in the reorganization through his company 100X Scandinavia.
Many of the week took the opportunity to criticize Stampen’s acquisition strategy, and especially the high price the company paid for the Centre Newspapers .
Again regarding pointing Peter Hjörne similar behavior of its competitors, and exemplifies the Bonnier adventure in the American magazine industry and TV4′s acquisition of C More.
“Many of the media companies that now pronounce itself on our mistakes was by and offered the same deal. The deal was surrounded by secrecy but in the small Swedish media pond are no secrets, “writes Peter Hjörne and line up competitors who were and invited: Bonnier, Schibsted, Gota, Orkla, Norrköping newspapers and others.
According to Stefan Melesko, , an associate professor of media economics at Jönköping International Business School, was Stampen acquisition appetite too large in relation to the financial muscles.
“the other bidders was strong enough financially and did not have to borrow as much of the price that they actually came to pay. They had not been in this difficult situation, “he says and adds:
” I believe in and that today they can be glad that they did not win the bidding . “
Center papers were on business, which increased the Stampen loan burden most. Other acquisitions helped to build the great goodwill in the balance sheet.
“They should be started write down much earlier. Had they done so, they would surely have realized the problems faster, “says Stefan Melesko.
In February 2014 , the company announced that it has made goodwill impairment of SEK 790 million in the annual report for 2013. The following year, adjusted goodwill down further, to 106 million. In the balance of 2015 remains a goodwill item of SEK 1.5 billion.
| Year | Net profit | Dividend |
| 2006 | 62 | 24 |
| 2007 | 438 | 32 |
| 2008 | 0.9 | 24 |
| 2009 | 12 | 24 |
| 2010 | -29 | 32 |
| 2011 | 208 | 48 |
| 2012 | 35 | 48 |
| 2013 | -187 | 0 |
| 2014 | -411 | 0 |
| 2015 | 66 | 0 |
| Net profit for the parent company, which accounts for the distribution | ||
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