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Volati AB ( (SE:VOLO) ) has shared an update.
Volati’s Ettiketto Group, a specialist in labeling solutions, is expanding its European footprint through the acquisition of Interket Group, a leading provider of self-adhesive label solutions with operations in Sweden, Germany, the Netherlands and the UK and annual revenues of about SEK 450 million. The deal, financed via existing credit facilities and expected to close at the end of January, strengthens Ettiketto’s presence in core markets while opening new geographies, and management sees significant potential to lift Interket’s currently lower margins through process efficiencies, better capacity utilization and coordinated purchasing and production, reinforcing Volati’s broader acquisitive growth model that has added roughly SEK 785 million in annual revenue from three add-on deals in the past year.
The most recent analyst rating on (SE:VOLO) stock is a Hold with a SEK118.00 price target. To see the full list of analyst forecasts on Volati AB stock, see the SE:VOLO Stock Forecast page.
More about Volati AB
Volati AB is a Swedish industrial group that acquires and develops medium-sized companies, pursuing a strategy of value-creating add-on acquisitions and long-term operational improvement. Through its business areas Salix Group, Ettiketto Group and Industry, Volati operates in 21 countries with around 2,300 employees and annual sales of approximately SEK 8.4 billion, and its ordinary and preference shares are listed on Nasdaq Stockholm.
Average Trading Volume: 27,154
Technical Sentiment Signal: Hold
Current Market Cap: SEK8.42B
For detailed information about VOLO stock, go to TipRanks’ Stock Analysis page.