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Storskogen Group AB Class B ( ($SE:STOR.B) ) has issued an announcement.
Storskogen Group AB has acquired a majority stake in Frameda Oy, a Helsinki-based distributor and brand partner in professional haircare, to strengthen its Nordic leadership. This acquisition is expected to enhance Storskogen’s presence in Finland and aligns with its health and well-being investment theme, complementing its existing operations in Sweden, Norway, Denmark, and Switzerland. The acquisition is anticipated to have a marginally positive impact on Storskogen’s earnings and EBITA margin, while Frameda will continue to operate under its current brand and management.
The most recent analyst rating on ($SE:STOR.B) stock is a Hold with a SEK10.50 price target. To see the full list of analyst forecasts on Storskogen Group AB Class B stock, see the SE:STOR.B Stock Forecast page.
More about Storskogen Group AB Class B
Storskogen is an international group that operates across trade, industry, and services, focusing on acquiring and developing small and medium-sized businesses in selected industries. The company is listed on Nasdaq Stockholm and has approximately 11,000 employees, generating net sales of SEK 33 billion.
Average Trading Volume: 3,794,914
Technical Sentiment Signal: Sell
Current Market Cap: SEK16.47B
For an in-depth examination of STOR.B stock, go to TipRanks’ Overview page.