Autocirc presents the Interim Financial Report October-December 2023

Events in the fourth quarter of 2023:

• The fourth quarter of 2023 marked the start of several strategic and important partnerships and cooperation agreements for Autocirc in the Nordic region.
• We further expanded our central organization to enhance our operational capabilities including cash management, group accounting, operational development and IT & Tech. This allows for even closer
  cooperation with our subsidiaries, supporting their growth and development.
• Additionally, we issued 130 MSEK from a tap to the existing 2022/2025 bond loan at 104% price adding 135 MSEK of cash to the group.
• In November we made our first acquisition during the fall. The Swedish towing company Bärgningstjänsten Sverige AB, based in Gothenburg. This is the fifth acquisition in our business area Vehicle transport and towing.
• Our Finnish operations were strengthened through the appointment of well-experienced Kenneth Långbacka as the new CEO for Autocirc Finland AB.
• We successfully issued subsequent bonds in an amount of SEK 200 MSEK under the existing senior secured bond loan 2022/2025. The bond issue was met with strong demand from reputable Nordic institutional and private investors and the subsequent bonds were issued at 104,5% of the nominal amount adding 212 MSEK of cash to the group.
• Our presence in Europe was further expanded and strengthened through the acquisition of Auto Pièces Caréco in Reims during the last month of 2023. The company is part of leading Caréco Group in France.
• Petteri Saarinen was appointed Chairman of the Board for Autocirc, following the successful leadership of Chairman Robert Wagman. Together they will lead Autocirc into further development and growth as Robert continues as Vice Chairman.
• We introduced our new ESG strategy which was approved by our Board of Directors in December and will officially be effective on 1 January 2024.
• A Whistleblowing channel was implemented in Autocirc as well as in our subsidiaries exceeding 50 employees, in compliance with the EU Whistleblowing Directive.

Events after the fourth quarter of 2023

• We increased the pace of our French expansion through the acquisitions of Caréco Pontarlier and Caréco Louhans - both part of the French Caréco Group and prominent companies in their respective markets.

The transition to a circular economy is paramount in overcoming the pressing challenges of resource scarcity, price volatility, and climate change. At Autocirc, we remain committed to leading the vehicle parts industry through this transformation. An increase in renovation rates across all sectors is of utmost importance and the integration of renovated parts into new production is a critical step towards achieving true circularity. 

The Q4 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 15.30 CET on February 29 2024.

For further information, please contact:

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

The following documents can be retrieved from beQuoted
Autocirc-Kvartalsrapport-23-Q4-240129 1.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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