reports
Correction to company announcement nr 6 - Lauritz.com has been taken i...
Correction to company announcement nr 6 - Lauritz.com has been taken into bankruptcy proceedings No. 7/2023 Copenhagen, 11 July 2023 This correction refers to the previously published company announcement (nr 6/2023) that was without reference to the EU Market Abuse Regulation, which is now included in this company announcement. Below the full text of company announcement nr 6 is repeated: Following the announcement on June 28 2023 (company announcement no. 5/2023) regarding commencement of in-court restructuring procedures, it is announced that Lauritz.com Group A/S has...
Lauritz.com has been taken into bankruptcy proceedings
Lauritz.com has been taken into bankruptcy proceedings No. 6/2023 Copenhagen, 11 July 2023 Following the announcement on June 28 2023 (company announcement no. 5/2023) regarding commencement of in-court restructuring procedures, it is announced that Lauritz.com Group A/S has been taken into bankruptcy proceedings by the Maritime & Commercial High Court after its own petition as the company has been unable to find a sustainable solution during the restructuring proceedings. At the same time, five subsidiaries (including Lauritz.com A/S) have also been taken into bankruptcy proceedi...
Lauritz.com files for restructuring proceedings
Lauritz.com files for restructuring proceedings No. 5/2023 Copenhagen, 28 June 2023 In our company announcement on 31 May 2023 (company announcement no. 4/2023) with the interim report for the period January - March 2023 it was stated that we were working to ensure a new financing in both the short and long term, and that we had several ongoing negotiations that could ensure a greater financial flexibility to handle the current unusual fluctuations in our sales and liquidity stretch. The management of the Lauritz.com group (the "Group") regrets to announce that while serious n...
Lauritz.com Group A/S – Interim report January – March 2023
Lauritz.com Group A/S – Interim report January – March 2023 No. 4/2023 Copenhagen, 31 May 2023 In the first quarter of 2023 the business of Lauritz.com group delivered an improvement in EBITDA of 44 percent to DKK -0.6m compared to last year (-1.0m). The result is impacted positively by cost savings as well as higher commission and fee rates. However, the lower sales – that are due to reluctant buying behaviour among consumers - almost offsets these improvements. Total sales Total sales in Q1 amounted to DKK 89.2m (111.7), a decrease of 20.1 percent compared to last year. The de...
Lauritz.com Group A/S Annual General Meeting
Lauritz.com Group A/S Annual General Meeting No. 3/2023 Copenhagen, 20 April 2023 The Annual General Meeting of Lauritz.com Group A/S took place today, Thursday 20 April 2023. The General Meeting approved the following: The election of Preben Lindgaard, CFO, as chairman of the meeting.The Annual Report 2022 as well as the Board of Directors proposal regarding the distribution of the profit for the year, including a dividend of DKK 0.00 per share. As proposed by the Board of Directors Bengt Olof Tony Sundström was re-elected as Chairman of the Board of Directors. ...
Notice to Convene Annual General Meeting in Lauritz.com Group A/S
Notice to Convene Annual General Meeting in Lauritz.com Group A/S Notice to convene the Annual General Meeting in Lauritz.com Group A/S Company registration no. 37627542 (the “Company”) Thursday 20 April 2023, 11.00 CEST at Lauritz.com Group A/S, Dynamovej 11C, 2860 Søborg. AGENDA: 1. Election of chairman of the meeting 2. The Board of Directors report on the activities of the Company 3. Presentation of the annual report for approval 4. Proposal for distribution of profits or cover of loss pursuant to the approved annual report Th...
Lauritz.com Group A/S publishes its annual report 2022
Lauritz.com Group A/S publishes its annual report 2022 No. 2/2023 Copenhagen, 24 March 2023 Lauritz.com Group A/S has today published its annual report for 2022. The report is available at Lauritz.com Group A/S Preben Vinkler Lindgaard CFO For press inquiries please contect: Christina Riis Hansen E-mail: Certified Adviser: Erik Penser Bank AB Telephone number: E-mail: Market place: Nasdaq First North Growth Market Stockholm The information was submitted for publication through the agency of the contact person set out above, at 01.00 pm CET o...
Lauritz.com Group A/S – Interim report January – December 2022
Lauritz.com Group A/S – Interim report January – December 2022 No. 1/2023 Copenhagen, 23 February 2023 In 2022 the business of Lauritz.com group delivered EBITDA of DKK 6.4m an improvement of DKK 5.5m compared to last year. The earnings are positively impacted by cost savings in Headquarter functions and owned auction houses, as well as from lower cost due to more auction houses now being owned and due to changes in relation to partner owned houses. Total sales Total sales amounted to DKK 391m (429.6), a decrease of 9.0 percent compared to last year. The development is impacted...
Lauritz.com Group A/S – Updated guidance for 2022
Lauritz.com Group A/S – Updated guidance for 2022 No. 9/2022 Copenhagen, 23 December 2022 During the second half of 2022 Lauritz.com has continued to reduced cost. For the full year we expect a reduction of 16-18% compared to last year. Due to the cost savings, we are expecting EBITDA to remain within the previous guidance. The impact of the cost savings is partly offset by the macroeconomic development with a large increase in consumer prices which has reduced spending power among customers and resulted in a decline in Auction Turnover and Revenue. Based on the above the guidan...
Lauritz.com Group A/S – Interim report January – September 2022
Lauritz.com Group A/S – Interim report January – September 2022 No. 8/2022 Copenhagen, 27 October 2022 In the first three quarters of 2022 the business of Lauritz.com group delivered EBITDA of DKK 3.3m an improvement of DKK 5.3m compared to last year. The earnings in the first 9 month are positively impacted by cost savings in HQ and owned auction houses, as well as from lower cost due to more auction houses now being owned and due to changes in relation to partner owned houses. Furthermore, the development towards higher yielding business is contributing to the improvement in e...
Lauritz.com Group A/S – Interim report January – June 2022 (Correction...
Lauritz.com Group A/S – Interim report January – June 2022 (Correction of Headline only) No. 7/2022 Copenhagen, 25 August 2022 In the first half of 2022 the business of Lauritz.com group delivered EBITDA of DKK 3.4m an improvement of DKK 6.1m compared to last year. The earnings in the first half are positively impacted by cost savings in HQ and owned auction houses, as well as from lower cost due to more auction houses now being owned and due to changes in relation to partner owned houses. Furthermore, the development towards higher yielding business is contributing to the...
Lauritz.com Group A/S – Interim report January – March 2022
Lauritz.com Group A/S – Interim report January – March 2022 No. 7/2022 Copenhagen, 25 August 2022 In the first half of 2022 the business of Lauritz.com group delivered EBITDA of DKK 3.4m an improvement of DKK 6.1m compared to last year. The earnings in the first half are positively impacted by cost savings in HQ and owned auction houses, as well as from lower cost due to more auction houses now being owned and due to changes in relation to partner owned houses. Furthermore, the development towards higher yielding business is contributing to the improvemen...
Lauritz.com Group A/S – Updated guidance for 2022
Lauritz.com Group A/S – Updated guidance for 2022 No. 6/2022 Copenhagen, 18 August 2022 During the first half of 2022 Lauritz.com has reduced cost by 13 percent compared to last year, and we expect to be able to maintain a cost level below last year in the second half of the year. Due to cost savings, we are expecting EBITDA to increase compared to previous guidance. The increase in EBITDA is partly offset by the impact of the macroeconomic development with a large increase in consumer prices which has reduced spending power among customers. The macroeconomic development has res...
Lauritz.com Group A/S Annual General Meeting
Lauritz.com Group A/S Annual General Meeting No. 5/2022 Copenhagen, 19 May 2022 The Annual General Meeting of Lauritz.com Group A/S took place today, Thursday 19 May 2022. The General Meeting approved the following: The election of Preben Lindgaard, CFO, as chairman of the meeting.The Annual Report 2021 as well as the Board of Directors proposal regarding the distribution of the profit for the year, including a dividend of DKK 0.00 per share. As proposed by the Board of Directors Bengt Olof Tony Sundström was re-elected as Chairman of the Board of Director...
Lauritz.com Group A/S – Interim report January – March 2022
Lauritz.com Group A/S – Interim report January – March 2022 No. 4/2022 Copenhagen, 12 May 2022 In the first quarter of 2022 the business of Lauritz.com group delivered EBITDA slightly below Q1 2021. The earnings in Q1 are positively impacted by continued development towards higher yielding business, resulting in revenue almost in line with 2021 despite lower auction turnover. Development in EBITDA For the period January to March revenue is 0.7 percent below last year driven by lower auction turnover, and partly offset by improvement in fees and commissio...
Notice to convene Annual General Meeting in Lauritz.com Group A/S
Notice to convene Annual General Meeting in Lauritz.com Group A/S Notice to convene the Annual General Meeting in Lauritz.com Group A/S Company registration no. 37627542 (the “Company”) Thursday 19 May 2022, 11.00 CEST at Nielsen Nørager Advokatpartnerselskab, Frederiksberggade 16, 1459 København K. AGENDA: 1. Election of chairman of the meeting 2. The Board of Directors report on the activities of the Company 3. Presentation of the annual report for approval 4. Proposal for distribution of profits or cover of loss pursuant to the approved annual repor ...
Correction to company announcement nr. 2 from 8 April 2022
Correction to company announcement nr. 2 from 8 April 2022 No. 3/2022 Copenhagen, 11 April 2022 Correction: Company announcement nr. 2 of 8 April 2022 was missing to mention what constituted inside information. The inside information is the change in EBITDA in the annual report (DKK 0.9m) compared to the Q4 report (DKK 2.7m). Lauritz.com Group A/S Preben Vinkler Lindgaard CFO For press inquiries please contact: Mette Jessen E-mail: Certified Adviser: Erik Penser Bank AB Telephone number: E-mail: Market place: Nasdaq First North Growth Market...
Lauritz.com Group A/S – Interim report January – December 2021
Lauritz.com Group A/S – Interim report January – December 2021 No. 1/2022Copenhagen, 24 February 2022 In 2021 the business of Lauritz.com group delivered an improvement in EBITDA of DKK 8.3m compared to last year primarily driven by a revenue growth of 8 percent. In the fourth quarter of 2021 the business of Lauritz.com group delivered EBITDA in line with last year. The earnings in Q4 remained stable due to higher yielding business in 2021 leaving the revenue in Q4 down 3.2 percent despite a decline in auction turnower of 7.8 percent, and due to a cost reduction of 3.6 percent compar...
Lauritz.com Group A/S – Interim report January – September 2021
Lauritz.com Group A/S – Interim report January – September 2021 No. 16/2021 Copenhagen, 04 November 2021 In the third quarter of 2021 the business of Lauritz.com group continued the growth in revenue. Revenue growth in Q3 was 7 percent despite Auction Turnower declining by 8 percent. This shift is a result of our focus on improving the revenue structure of the business, and due to discounts given in Q3 last year to boost business in the early part of the Covid-19 crisis. Following the sale completed in May 2021, the group is now fully focussed on the development of the Lauritz bra...
Lauritz.com Group A/S Extraordinary General Meeting
Lauritz.com Group A/S Extraordinary General Meeting No. 15/2020 Copenhagen, 28 October 2021 An Extraordinary General Meeting of Lauritz.com Group A/S took place today, Thursday 28 October 2021. The General Meeting approved the following: The election of Preben Vinkler Lindgaard, CFO, as chairman of the meeting.Election of Tue Byskov Bøtkær to the Board of Directors. Lauritz.com Group A/S Preben Vinkler Lindgaard CFO For press enquiries, please contact: Mette Jessen e-mail Certified Adviser: Erik Penser Bank AB Telephone number: E-mail: Ma...
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