Autocirc presents the Interim Financial Report April-June 2023

Johan Livered, CEO Autocirc comments:
"Following our expansion into new European markets during the first quarter of 2023, we proceeded to further strengthen our position in the Nordic region during the second quarter. By acquiring companies across multiple segments, we are now a more complete supplier of sustainable spare parts to the automotive industry. This provides a solid foundation for collaboration and synergies within the Autocirc Group, supporting our vision of a circular auto parts industry. Our organisation continues to deliver solid results despite a turbulent global operating environment and it is with great confidence in our work and our organisation that we continue to take new steps towards a circular auto parts industry."

Main events in the second quarter of 2023

• In the second quarter, we made two Nordic acquisitions that significantly strengthen our influence in the vehicle parts sector. In May, we acquired the Swedish STS Group, a leading remanufacturer of transmissions in Europe which includes the subsidiaries STS AB (Scandinavian Transmission Service) and LBM Autoparts AB in Stenungsund, Sweden, as well as Vaihteistokeskus Oy in Finland.
• Also in May, we completed our second acquisition by welcoming RM Trucks into the Autocirc Group. RM Trucks OY is a Finnish company specializing in dismantling, machinery and the sale of spare parts for heavy vehicles.
• In early June, we continued our expansion in the Finnish market by acquiring Hinaus Sjöberg OY - a leading group of companies specializing in car transport and towing services. The acquisition encompasses the parent company, Hinaus Sjöberg OY, along with its subsidiaries: Autonkuljetus Sjöberg OY, Hinaus Sjöberg Itä-Suomi OY, and Konekuljetus Sjöberg OY. This sets the stage for more efficient logistics in the Finnish market.
• On June 16th, we initiated trading of the Autocirc Group AB bond on the Nasdaq Stock Exchange in Stockholm. This was done in accordance with the requirements of the bond previously introduced on the Frankfurt Stock Exchange in June 2022.

For further information, please contact:

Gunilla Andersson, CFO Autocirc Group
Email: [email protected]
Phone: +46 (0)722 184736

The Q2 Statements 2023 and further information are available at https://autocirc.com/investor/

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This information is information that Autocirc Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 10.00 CET on August 31 2023.

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Johan Livered, CEO Autocirc Group
Email: [email protected]
Phone: +46 (0)727 164666

The following documents can be retrieved from beQuoted
Autocirc-Interim-Report-April-June-2023.pdf
Autocirc-Interim-Report-2-2023.pdf

Autocirc works for a circular transition in the automotive industry. We ensure that used car parts get back on the road again - or that materials and components can be used in completely different products and contexts. By moving from new production to reuse, remanufacturing, repurpose and recycling of car parts, we are making the second-hand market the first choice. A sustainable choice for a smarter automotive industry and a better alternative, also for the next generation.

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