A114P8 FENIX OUTDOOR INTERNATIONAL

Fenix Outdoor blir majoritetsägare i Devold för att bygga ett ledande globalt varumärke inom ull

Fenix Outdoor blir majoritetsägare i Devold för att bygga ett ledande globalt varumärke inom ull

Press release på engelska nedan



Fenix Outdoor becomes majority owner in Devold to build a leading global wool brand

Fenix Outdoor International AG, a global leader in the development and sale of premium apparel and equipment for outdoor life, has agreed to acquire 65% of the shares in Devold of Norway AS, a pioneer in wool clothing for outdoor activities and protective workwear. Following completion of the transaction, Devold will become Fenix Outdoor’s number one wool brand.

“We have searched extensively for a premium wool brand to complement our portfolio and have now found the right partner. Honouring Devold’s heritage and high quality standards, we are eager to introduce outdoor enthusiasts and adventurers to Devold’s high-performance garments and build a leading global wool brand,” said Martin Axelhed, Executive Vice President of Fenix Outdoor.

“Fenix Outdoor is a perfect match for Devold, with its global position, premium outdoor brands and retail network renowned for its service and professionalism towards quality-conscious customers. Their commitment to sustainability and enabling unforgettable moments in nature aligns with Devold’s core values and our uncompromising focus on quality, comfort and innovative technical solutions,” said Øystein Vikingsen Fauske, CEO of Devold.

The transaction is expected to contribute positively to Fenix’s profitability already in 2025, with closing expected during March.

Fenix will pay 35 MEUR for the 65% stake in Devold through a combination of cash and 112,898 Fenix Outdoor treasury shares. The seller is Flakk Group, a Norwegian based family-owned business with investments in private and public companies across multiple industries. Flakk Group retains a 35% stake in Devold.

“We share a common vision of making nature more accessible for people around the world. By combining forces with Fenix Outdoor, we get a strong partner to deliver on our international growth strategy and drive substantial long-term value creation,” said Knut Flakk, the Chair of Devold.

Capient AS acted as strategic and financial adviser to Flakk Group and Devold. Schjødt AS acted as legal adviser to Devold and Flakk Group, while Advokatfirmaet Hjort AS was legal adviser to Fenix Outdoor.

The report contains information which Fenix Outdoor International AG is obliged to publish under the EU Market Abuse Regulation rules. The information was provided by the contact person stated below, for publication March 04, 2025, at 08 30.

If any further questions, please contact:

Fenix Outdoor Executive Chairman, Martin Nordin, 8

About Fenix Outdoor

Home to Fjällräven, Tierra, Hanwag, Royal Robbins and Frilufts Retail, Fenix Outdoor is an international group of premium outdoor brands focused on products for nature and outdoor life. Our mission is to enable all people to spend unforgettable and inspiring moments in nature.

About Devold

Since 1853, Devold has been a pioneer in outdoor wool clothing for all type of weather conditions. From the beginning and until today, innovative products have played a crucial role in many major expeditions both domestically and internationally. At Devold, there is an uncompromising focus on quality, and the history, heritage, and mentality are deeply rooted within in the brand story. Committed to preserving their values for future generations. The company develop and produce underwear, middle layers, outerwear, classic sweaters, socks, and other wool accessories. About 40 percent of its wool products are sold internationally, primarily within the European market.

Bilaga



EN
04/03/2025

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on FENIX OUTDOOR INTERNATIONAL

 PRESS RELEASE

Press release Annual General Meeting Fenix Outdoor International AG

Press release Annual General Meeting Fenix Outdoor International AG Fenix ​​Outdoors' Annual General Meeting in Solna on May 5, 2025 has been held The meeting resolved to approve the Annual Report for 2024a dividend of SEK 15.0 (15.0) per B-share and SEK 1.5 (1.5) per A-share, distributed May and an extra dividend of SEK 15.0 (0) per B-share and SEK 1.5 (0) per A-share, distributed December.to grant discharge from liability for members of the Board and the Senior Executivesa re-election of the Board; Mats Olsson, Ulf Gustafsson, Sebastian von Wallwitz, Susanne Dalsgaard Nordin and Rolf Sc...

 PRESS RELEASE

Press meddelande Årsstämma

Press meddelande Årsstämma Fenix Outdoors årsstämma i Solna den 5 maj 2025 har genomförts Stämman beslutade om att godkänna årsredovisningen för 2024en utdelning om 15 SEK (15) per B-aktie och 1,5 SEK (1,5) per A-aktie, att utbetalas i maj samt en extra utdelning om 15 SEK (0) per B-aktie och 1,5 SEK (0) per A-aktie att utbetalas i december.ansvarsfrihet för styrelseledamöter och ledande befattningshavareomval av styrelse; Mats Olsson, Ulf Gustafsson, Sebastian von Wallwitz, Susanne Dalsgaard Nordin och Rolf Schmidomval av Martin Nordin som styrelsens ordförandeomval av ersättningskommitt...

 PRESS RELEASE

Q1 Report Fenix Outdoor International AG

Q1 Report Fenix Outdoor International AG FENIX OUTDOOR INTERNATIONAL AGInterim condensed consolidated financial statements for the period ended 31 March 2025 First quarter 2025-01-01 – 2025-03-31 The total income of the Group was TEUR 160,082 (TEUR: 168,676), a decrease of 5.1%.The EBITDA of the Group was TEUR 18,028 (TEUR: 27,212).The operating profit of the Group was TEUR 5,181 (TEUR: 12,782).The profit before tax of the Group was TEUR 3,673 (TEUR: 11,363).The profit after tax of the Group was TEUR 94 (TEUR: 6,910).Earnings per share amounted to EUR 0.01 (EUR: 0.51). Devold, acquired p...

 PRESS RELEASE

Q1 rapport Fenix Outdoor International AG

Q1 rapport Fenix Outdoor International AG FENIX OUTDOOR INTERNATIONAL AGDelårsrapport2025-01-01 – 2025-03-31 Första kvartalet 2025-01-01 – 2025-03-31 Koncernens rörelseintäkter uppgick till TEUR 160 082 (TEUR 168 676), En minskning med 5,1%.Koncernens EBITDA uppgick till TEUR 18 028 (TEUR 27 212).Koncernens rörelseresultat uppgick till TEUR 5 181 (TEUR 12 782).Koncernens resultat före skatt uppgick till TEUR 3 673 (TEUR 11 363).Koncernens resultat efter skatt uppgick till TEUR 94 (TEUR 6 910).Resultat per aktie uppgick till EUR 0,01 (EUR 0,51). Devolds, förvärvat den 4 mars 2025, påverka...

 PRESS RELEASE

Fenix Outdoor International AG Later payment of extra dividend

Fenix Outdoor International AG Later payment of extra dividend Zug 2025-04-23 Press release: Delayed payment of extra dividend The Board of Directors proposes to the Annual General Meeting that the payment of the extra dividend will take place on Monday 8 December, not as previously planned, on 12 May, but that the ordinary dividend will be paid as planned according to the notice to the Annual General Meeting. See below for details. The reasons for the updated proposal are partly the Group's cyclical liquidity situation, with a strong cash flow in the latter part of the year. In addition...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch