Stock Exchange Notices

Latest relevant stock market announcements. For a complete list, see the Company’s published stock market announcements at Newsweb or oslobors.no.

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  • FINANSIELL RAPPORTERING22.08.2417.03Q2 24 Interim Report

    Hospitality Invest AS – Q2 2024 Interim Report 22 Aug 2024 The Board of Directors of Hospitality Invest AS has approved the unaudited group financial results for the second quarter of 2024. Please find attached the Q2 2024 Interim Report. Key highlights of the report: - Q2 24 revenues ended at NOK 4,630 million, an increase of NOK 477 million compared to NOK 4,154 million in Q2 23. The growth from last year was primarily driven by the consolidation of Caracap Group (Ferda) as per Q1 24. - Q2 24 revenue growth of 11.5 % compared to Q2 23, and 9.4 % compared to Q1 24. - Q2 24 EBITA ended at NOK 225 million compared to NOK 174 million in Q2 23. - All segments except for the Staffing segment increased top line and profitability in Q2 24 compared to Q2 23, while Staffing increased topline and profitability in Q2 24 compared to Q1 24. - In June, Norlandia Health & Care AS successfully placed a senior secured sustainability-linked bond with a tenor of 4 years. The bond consists of a NOK tranche of NOK 1,250 million and a SEK tranche of SEK 1,050 million. The bonds will pay a margin of 550 bps p.a. above NIBOR and STIBOR respectively, and the net proceeds were used to refinance the former bonds - The current part of loans and borrowings has increased from year-end 2023, due to the bond loan in Norlandia Health & Care Group AS being classified as short-term rather than long-term as it is due in May 2025. - Increased financial cost in 2024 primarily driven by higher interest and unrealized foreign exchange losses. Contact persons: Roger Adolfsen (CEO): +47 98 22 25 00 Kristoffer Lorck (CFO): +47 93 02 88 18

  • FINANSIELL RAPPORTERING28.05.2422:30Q1 24 Interim Report

    Hospitality Invest AS - Q1 2024 Interim Report 28 May 2024 The Board of Directors of Hospitality Invest AS has approved the unaudited group financial results for the first quarter of 2024. Please find attached the Q1 2024 Interim Report. Key highlights of the report: - Q1 24 revenues ended at NOK 4,232 million, an increase of NOK 567 million compared to NOK 3,664 million in Q1 23. The growth from last year was partly driven by NHC's acquisition of Frösunda Group, as well as organic growth. - Q1 24 revenue growth of 15.5 % compared to Q1 23, and 2.3 % compared to Q4 23. - Q1 24 EBITA ended at NOK 83 million compared to NOK 89 million in Q1 23. - Continued high activity within the Hotel segment, with three new hotels added to the portfolio during Q1 24. - Hi Capital recently passed 50 % ownership in Caracap AS (Ferda), and the company is consolidated in Hospitality Invest’s figures as per Q1 24. The company will be reported as part of the Other segment going forward. Contact persons: Roger Adolfsen (CEO): +47 98 22 25 00 Kristoffer Lorck (CFO): +47 93 02 88 18

  • ÅRSRAPPORTER OG REVISJONSBERETNINGER30.04.2418:36Hospitality Invest AS - 2023 Annual Report

    The Board of Directors of Hospitality Invest AS has approved the 2023 annual financial statements prepared in accordance with International Financial Reporting Standards (“IFRS”). The Group’s consolidated revenues ended at NOK 15,948 million in 2023 compared to NOK 12,307 million in 2022. Full year Profit from operations ended at NOK 430 million in 2023 compared to NOK 656 million in 2022. Net profit ended at NOK -251 million in 2023 compared to NOK 334 million in 2022. Please find attached the audited 2023 Annual Report, including Consolidated Financial Statement for the Group and Financial Statement for the parent company. The report is available at: https://newsweb.oslobors.no/message/617414 For further information: Roger Adolfsen (CEO): +47 98 22 25 00 Kristoffer Lorck (CFO): +47 93 02 88 18

  • FINANSIELL RAPPORTERING23.02.2408:00Q4 23 Interim Report

    23 February 2024 The Board of Directors of Hospitality Invest AS has approved the unaudited group financial results for the fourth quarter of 2023. Please find attached the Q4 2023 Interim Report. Key highlights of the report: - Full year revenues for 2023 ended at NOK 15,983 million, the highest year-end revenue achieved by Hospitality Invest to date. - Q4 23 revenues ended at NOK 4,148 million, an increase of NOK 888 million compared to NOK 3,259 million in Q4 22. The growth from last year was partly driven by NHC's acquisition of Frösunda Group. - Q4 23 revenue growth of 27.3 % compared to Q4 22, and 3.8 % compared to Q3 23. - Q4 23 EBITA ended at NOK 72 million compared to NOK 75 million in Q4 22. Reduced profitability in Q4 23 compared to the previous quarter was mainly driven by lower contribution from the Staffing segment and the Hotel segment. - Total equity per end of Q4 23 increased by 11.86% and ended at NOK 1,922 million compared to NOK 1,724 million at the end of 2022. - Hi Capital AS, a subsidiary of Hospitality Invest AS, acquired 20% of Leonhard Nilsen & Sønner - Eiendom AS (“LNS”). LNS is one of Norway’s leading companies within tunnelling, mining and infrastructure and the largest shareholder in the publicly listed company Rana Gruber ASA. Contact persons: Roger Adolfsen (CEO): +47 98 22 25 00 Kristoffer Lorck (CFO): +47 93 02 88 18

  • FINANSIELL RAPPORTERING22.11.2318:18Q3 23 Interim Report

    22 November 2023 The Board of Directors of Hospitality Invest AS has approved the unaudited group financial results for the third quarter of 2023. Please find attached the Q3 2023 Interim Report. Key highlights of the report: • Q3 23 revenues ended at NOK 3,983 million, an increase of NOK 623 million compared to NOK 3,360 million in Q3 22. The growth compared to last year is primarily driven by NHC's acquisition of Frösunda Group. • Q3 23 revenue growth of 18.5 % compared to Q3 22, and -4.1 % compared to Q2 23. • Q3 23 EBITA ended at NOK 209 million compared to NOK 246 million in Q3 22, representing a reduction of -15.2 %. • Hospitality Invest persist its commitment to sustainability and continue to work closely with the majority of its subsidiaries to ensure that all companies are compliant with the necessary regulations. • Hospitality Invest has initiated a strategy to report in line with the taxonomy regulation for the 2023 annual report, enhancing transparency in our commitment to responsible investing. Contact persons: Roger Adolfsen (CEO): +47 98 22 25 00 Kristoffer Lorck (CFO): +47 93 02 88 18

  • FINANSIELL RAPPORTERING23.08.2318.02Q2 23 Interim Report

    The Board of Directors of Hospitality Invest AS has approved the unaudited group financial results for the second quarter of 2023. Key highlights of the report: • Q2 23 revenues ended at NOK 4,154 million, which is the highest recorded revenue figure ever for Hospitality Invest. Revenues were up NOK 642 compared to NOK 3,512 million in Q2 22, representing a growth of 18%. The growth is primarily driven by NHC's acquisition of Frösunda Omsorg AB. • Q2 23 EBITA ended at NOK 174 million compared to NOK 233 million in Q2 22, representing a reduction of -25.3 %. The decline is primarily driven by cost inflation and growth costs. • In Q2 23, Hospitality Invest published its first official ESG report for the calendar year 2022, highlighting our dedication to provide innovative, efficient, safe, and high-quality services to our customers. • Hospitality Invest with relevant group companies published their first report regarding The Norwegian Transparency Act in accordance with the new reporting requirements. • Hospitality Invest's senior unsecured bond issue of NOK 700 million (ticker: HOIN03) was listed on Oslo Stock Exchange in June 2023. The report is available at: https://newsweb.oslobors.no/message/597717 Contact persons: Roger Adolfsen (CEO): +47 98 22 25 00 Kristoffer Lorck (CFO): +47 93 02 88 18

  • FINANSIELL RAPPORTERING23.06.2318.02Q1 23 Interim Report

    The Board of Directors of Hospitality Invest AS has approved the unaudited group financial results for the second quarter of 2023. Key highlights of the report: Q1 23 revenues ended at NOK 3,664 million, an increase of NOK 842 compared to NOK 2,822 million in Q1 22. • Q1 23 revenue growth of 29.8 % compared to Q1 22, and 12.4 % compared to Q4 22. • Q1 23 EBITA of NOK 89 million was down -43.6 % compared to Q1 22 of NOK 158 million driven by seasonal changes, organic growth and increased energy and personnel cost. • On 19 January 2023, Norlandia Health & Care AS successfully completed a subsequent issue of NOK 522 million in the company’s outstanding bond loans. The net proceeds were utilized to partly finance the acquisition of Frösunda, including its parent company Brado AB The report is available at: https://feed.stamdata.com/documents/NO0012708165_CI_01_20230524.pdf Contact persons: Roger Adolfsen (CEO): +47 98 22 25 00 Kristoffer Lorck (CFO): +47 93 02 88 18

  • ÅRSRAPPORTER OG REVISJONSBERETNINGER26/04/2308:00Hospitality Invest AS - 2022 Annual Report

    The Board of Directors of Hospitality Invest AS has approved the 2022 annual financial statements prepared in accordance with International Financial Reporting Standards (“IFRS”). The Group’s consolidated revenues ended at NOK 12,953 million in 2022 compared to NOK 9,847 million in 2021. Full year Profit from operations ended at NOK 656 million in 2022 compared to NOK 452 million in 2021. Net profit ended at NOK 334 million in 2022 compared to NOK 257 million in 2021. Please find attached the audited 2022 Annual Report including Consolidated Financial Statement for the Group and Financial Statement for the parent company. The report is available at: https://feed.stamdata.com/documents/NO0012708165_CI_01_20230428.pdf Contact persons: Roger Adolfsen (CEO): +47 98 22 25 00 Kristoffer Lorck (CFO): +47 93 02 88 18

  • OTHER 18/11/2208:00Potential business combination between Norlandia Health & Care Group AS and Brado

    Norlandia Health & Care Group AS (“NHC”, “The Company”) has for a long period been considering a potential business combination with Frösunda Group AB and its parent company Brado AB (together “Frösunda”). Hospitality Invest AS and NHC has today decided to formally initiate a process to evaluate alternative routes to a potential transaction in combination with the refinancing of the outstanding bond loan in Brado AB. Such transaction would be in line with the previously communicated plan to combine the two groups to create a leading Nordic and North-European private health and care provider. The two companies already benefit from several synergies through integration of certain services; however, a full combination would allow the combined group to unlock further synergies, including operational, quality and financial. The current expectation is that Frösunda will be included in Hospitality Invest and that NHC will be the ultimate acquiring party of Frösunda. NHC and its parent company Hospitality Invest AS have several alternatives for financing such transaction. An acquisition by NHC is expected to result in a significant equity contribution in both Hospitality Invest AS and NHC, volume subject to pricing of the acquisition. The financing may also involve a tap issue under NHC’s existing bond as one source of capital. The Company will revert with further information when relevant. For further information, please contact: Kristoffer Lorck (CFO, Hospitality Invest AS): +47 93 02 88 18 Yngvar Tov Herbjørnssønn (CEO, NHC): +47 91 83 71 89

  • OBLIGASJONSHENDELSER 21/09/2214:40Exercise of call option HOIN02

    Hospitality Invest AS has today notified Nordic Trustee AS that Hospitality Invest AS will exercise the call option in accordance with the HOIN02 bond agreement at the following terms: Call price: 100.00 % of par value plus accrued interest Record date: 4 October 2022 Settlement date: 6 October 2022 For further information, please contact: Roger Adolfsen (CEO): +47 98 22 25 00 Kristoffer Lorck (CFO): +47 93 02 88 18

  • OBLIGASJONSHENDELSER 20/09/2212:10Successful Placement of New Unsecured Bond

    Hospitality Invest AS has today completed a new senior unsecured bond issue of NOK 700 million, with 3 years tenor. An application will be made for the bonds to be listed on the Oslo Stock Exchange. The net proceeds from the contemplated new bond issue will be utilized to refinance HOIN02 (NO0010808835) in full by way of utilizing the call option under such bond. ABG Sundal Collier ASA and Pareto Securities AS acted as managers in connection with the placement of the bond. For further information, please contact: Roger Adolfsen (CEO): +47 98 22 25 00 Kristoffer Lorck (CFO): +47 93 02 88 18

  • OBLIGASJONSHENDELSER 11/09/2222:20Notification of major holdings

    Hospitality Invest AS (“HI”) has today entered into an agreement with Pioneer Property Group ASA ("PPG") regarding the sale of shares in certain of HI's direct and indirect subsidiaries; Gaustadskogen Eiendom AS (77%), Tjuvholmen Eiendom AS (100%) and Norab Eiendom Vest AS (100%), as well as 23.6% of the shares in Norlandia Holding AS, which owns certain hotels operated by Norlandia Hotel Group AS (the "Transaction"). The total consideration payable by PPG in the Transaction is expected to be approximately NOK 153 million (the “Purchase Price”), subject to customary balance sheet adjustments, and is based on property valuations from independent third parties. The transaction will be settled by PPG through transfer of Hospitality Invest bonds (HOIN02, Hospitality Invest AS 17/22, ISIN: NO 0010808835) to HI with nominal value equal to the Purchase Price. The Transaction is expected to close on or about 30 September 2022. Both PPG and HI are ultimately majority owned by Kristian Adolfsen and Roger Adolfsen. The boards of directors of PPG and HI have authorised their respective managements to negotiate the final agreements for the Transaction. Following the Transaction, HI will own 18.0% of the total outstanding bonds of HOIN02. For further information, please contact: Roger Adolfsen (CEO): +47 98 22 25 00 Kristoffer Lorck (CFO): +47 93 02 88 18

  • OBLIGASJONSHENDELSER 11/09/2222:20Mandatory notification of trade by primary insider

    Pioneer Property Group ASA (“PPG”), which is closely associated with Hospitality Invest AS (“HI”), has today agreed to purchase assets from HI with settlement in HI bonds (HOIN02, Hospitality Invest AS 17/22, ISIN: NO 0010808835) for a nominal amount of NOK 153 000 000 at a price of NOK 100. Following the transaction PPG is expected to hold bonds with a total nominal amount of NOK 61 000 000 in HOIN02. Roger Adolfsen, who holds the position as Chairman of the Board in PPG, is defined as primary insider in HI. Please see the attached form for further details about the transaction. This information is subject to the disclosure requirements pursuant to the Market Abuse Regulation article 19. For further information, please contact: Roger Adolfsen (CEO): +47 98 22 25 00 Kristoffer Lorck (CFO): +47 93 02 88 18

  • FINANSIELL RAPPORTERING26/08/2211:55Q2 2022 Interim Report - Hospitality Invest AS

    The Board of Directors of Hospitality Invest AS has approved the unaudited group financial results for the second quarter of 2022. Please find attached the Q2 2022 Interim Report. Key highlights of the Q2 2022 report: • The second quarter of 2022 was the best quarter ever for Hospitality Invest, primarily driven by solid performance within the Care segment combined with recovery in Hotel Operations. • Q2 22 revenues ended at NOK 3,512 million, an increase of NOK 1,086 compared to NOK 2,425 million in Q2 21. Q2 22 revenue growth of 44.8 % compared to Q2 21, and 24.4 % compared to Q1 22. • Q2 22 EBITA of NOK 233 million was up 129.4 % compared to Q2 21 of NOK 102 million, driven by overall strong performance in all segments, especially within Care. • In Q2 22, Norlandia Health & Care group and Up North Hospitality entered into a lease agreement with a 50/50 share for a 220-room hotel with Drammen Helsepark (DHP), a health park in connection with the new hospital in Drammen, scheduled to open in 2025. The report is available at: https://newsweb.oslobors.no/message/569834 Contact persons: Roger Adolfsen (CEO): +47 98 22 25 00 Kristoffer Lorck (CFO): +47 93 02 88 18

  • OBLIGASJONSHENDELSER24/06/2219:33Mandatory notification of trade

    Pioneer Property Group ASA, which is closely associated with Hospitality Invest AS, has today acquired bonds in HOIN02 - ISIN NO0010808835 issued by Hospitality Invest AS for a nominal amount of NOK 55 860 000 at a price of NOK 98.00. Following the transaction Pioneer Property Group ASA holds bonds with a total nominal amount of NOK 213 860 000 in HOIN02. Roger Adolfsen, who holds the position as Chairman of the Board in Pioneer Property Group ASA is defined as a primary insider in Hospitality Invest AS. More information is available at: https://newsweb.oslobors.no/message/565789 Contact persons: Roger Adolfsen (CEO): +47 98 22 25 00 Kristoffer Lorck (CFO): +47 93 02 88 18

  • OBLIGASJONSHENDELSER16/06/2223:32Mandatory notification of trade by primary insider

    Pioneer Property Group ASA, which is closely associated with Hospitality Invest AS, has today acquired bonds in HOIN02 - ISIN NO0010808835 issued by Hospitality Invest AS for a nominal amount of NOK 108 000 000 at a price of NOK 98.25. Following the transaction Pioneer Property Group ASA holds bonds with a total nominal amount of NOK 158 000 000 in HOIN02. Roger Adolfsen, who holds the position as Chairman of the Board in Pioneer Property Group ASA, is defined as primary insider in Hospitality Invest AS. More information is available at: https://newsweb.oslobors.no/message/565213 Contact persons: Roger Adolfsen (CEO): +47 98 22 25 00 Kristoffer Lorck (CFO): +47 93 02 88 18

  • FINANSIELL RAPPORTERING25/05/2214:00Q1 2022 Interim Report

    The Board of Directors of Hospitality Invest AS has approved the unaudited group financial results for the first quarter of 2022. Please find attached the Q1 2022 Interim Report. Key highlights of the Q1 2022 report: • Q1 22 revenues ended at record high level of NOK 2,822 million compared to Q1 21 of NOK 2,210 million • Q1 22 EBITA of NOK 158 million was up 267.5% compared to Q1 21 of NOK 43 million driven by solid results within the Care segment • Q1 22 revenue growth of 27.7 % compared to Q1 21, and 4.0 % compared to Q4 21 driven by overall strong performance in the Care and Other segments in addition to the newly made acquisitions of Haneseth Gruppen AS and Kunnskapsförskolan AB • Hospitality Invest acquired ~52% of technical service provider Haneseth Gruppen AS during Q1 22 • Otiga Group has during the quarter refinanced the outstanding bond loan with a bank facility • In March 2022, Norlandia Health & Care Group AS acquired a Swedish preschool chain, Kunnskapsförskolan, consisting of 27 large units in operation or under construction The report is available at: https://newsweb.oslobors.no/message/563390 Contact persons: Roger Adolfsen (CEO): +47 98 22 25 00 Kristoffer Lorck (CFO): +47 93 02 88 18

  • ÅRSRAPPORTER OG REVISJONSBERETNINGER30/04/2216:52Hospitality Invest AS - 2021 Annual Report

    The Board of Directors of Hospitality Invest AS has approved the 2021 annual financial statements prepared in accordance with International Financial Reporting Standards (“IFRS”). The Group’s consolidated revenues ended at NOK 9,847 million in 2021 compared to NOK 8,574 million in 2020. Full year Profit from operations ended at NOK 452 million in 2021 compared to NOK 272 million in 2020. Net profit ended at NOK 257 million in 2021 compared to NOK -120 million in 2020. Please find attached the audited 2021 Annual Report including Consolidated Financial Statement for the Group and Financial Statement for the parent company. The report is available at: https://newsweb.oslobors.no/message/560764 Contact persons: Roger Adolfsen (CEO): +47 98 22 25 00 Kristoffer Lorck (CFO): +47 93 02 88 18

  • FINANSIELL RAPPORTERING18/02/2217:27Q4 2021 Interim Report

    The Board of Directors of Hospitality Invest AS has approved the unaudited group financial results for the fourth quarter of 2021. Please find attached the Q4 2021 Interim Report. Key highlights of the Q4 2021 report: • Full year revenues ended at NOK 9,843 million, which is the highest year-end revenue achieved by Hospitality Invest to date. • Full year EBITA ended at 425 million, an increase of NOK 125 million YoY (year-on-year) • Q4 21 revenues ended at NOK 2,711 million compared to Q4 20 of NOK 2,379 million. • Q4 21 EBITA of NOK 119 million was up 31.4 %. compared to Q4 20 of NOK 91 million. • Q4 21 revenue growth of 13.9 % compared to Q4 20, and 8.6 % compared to Q3 21. • QoQ (Quarter-on-Quarter) revenue growth is seen across most segments while EBITA has declined mainly due to higher cost levels related to sick leave and electricity across all segments. • In the Care segment a Norwegian preschool chain, Gnist Barnehager, with 17 operational units and 5 owned properties was acquired in October 2021. • Hospitality Invest has invested in Elywhere AS in November 2021 and will have a ~ 27% interest in the company following the transaction. The report is available at: https://newsweb.oslobors.no/message/554356 Contact persons: Roger Adolfsen (CEO): +47 98 22 25 00 Kristoffer Lorck (CFO): +47 93 02 88 18

  • FINANSIELL RAPPORTERING19/11/2117:20Q3 2021 Interim Report

    The Board of Directors of Hospitality Invest AS has approved the unaudited group financial results for the third quarter of 2021. Please find attached the Q3 2021 Interim Report. Key highlights of the Q3 2021 report: • Q3 21 revenues ended at NOK 2,497 million compared to Q3 20 of NOK 2,165 million, representing a 15.6% growth compared to Q3 20 and 3.2 % compared to Q2 21 • Q3 21 EBITA of NOK 161 million, up 15.8% compared to Q3 20 of NOK 139 million • YoY (year-on-year) revenue growth is seen across all segments and QoQ (Quarter-on-Quarter) EBITA has improved considerably, with the Hotel Segment reporting an EBITA increase of NOK 49 million • During the quarter Hospitality Invest AS acquired 50% of the shares in AAP Aviation and additional shares in the holding company controlling Hvalsafari AS, now owning approx. 32% of total shares in the company The report is available at: https://newsweb.oslobors.no/message/547426 Contact persons: Roger Adolfsen (CEO): +47 98 22 25 00 Kristoffer Lorck (CFO): +47 93 02 88 18

  • FINANSIELL RAPPORTERING26/08/2120:12Q2 2021 Interim Report

    The Board of Directors of Hospitality Invest AS has approved the unaudited group financial results for the second quarter of 2021. Please find attached the Q2 2021 Interim Report. Key highlights of the Q2 2021 report: • Q2 21 revenues ended at NOK 2,425 million compared to Q2 20 of NOK 1,970. • Q2 21 EBITA of NOK 102 million was up NOK 69 million compared to Q2 20 of NOK 43 million. • The performance in Q2 21 has been satisfactory considering the general market conditions. • Q2 21 revenue grew by 23% compared to Q2 20, and growth compared to previous quarter was seen across all segments. • On 10 May 2021, Hospitality Invest successfully completed a sale of four hotel properties to a wholly owned subsidiary of Pioneer Property Group ASA. • In May, NHC successfully placed a senior secured sustainability-linked bond, due in May 2025. The bond consists of a NOK and SEK tranche with an approximate amount of NOK 1,700 million. The net proceeds were used to repay the former NOK and SEK bond tranches of approximately NOK 1,850 million bond. In connection with the refinancing, Hospitality Invest injected NOK 150 million in new equity through NHC bonds as contribution in kind and transferred 51% of the shares of NH Europe. All NHC bonds held directly and indirectly by Hospitality Invest have been repaid in full. The report is available at: https://newsweb.oslobors.no/message/540916 Contact persons: Roger Adolfsen (CEO): +47 98 22 25 00 Kristoffer Lorck (CFO): +47 93 02 88 18

  • FINANSIELL RAPPORTERING21/05/2108:00Q1 2021 Interim Report

    The Board of Directors of Hospitality Invest AS has approved the unaudited group financial results for the first quarter of 2021. Please find attached the Q1 2021 Interim Report. Key highlights of the Q1 2021 report: • Q1 21 revenues ended at NOK 2,210 million compared to Q1 20 of NOK 2,041 • Q1 21 EBITA of NOK 43 million was up NOK 26 million compared to Q1 20 of NOK 17 • The performance in Q1 21 has been satisfactory considering the market conditions • Q1 21 revenue level was impacted by the Covid-19 situation, however, growth compared to previous quarter was seen across all segments except for the Hotel operations • The occupancy rate in the Hotel segment is still low and is expected to remain low coming quarter • The Staffing segment increased their revenue in the quarter despite comprehensive lockdowns in all Nordic countries. Increased EBITDA year on year due to lower cost levels and favourable product mix • The Care segment continues to be impacted by Covid-19, but delivered a strong quarter with all business areas improving EBITDA year over year, except for the Elderly Care operations. The report is available at: https://newsweb.oslobors.no/message/533872 Contact persons: Roger Adolfsen (CEO): +47 98 22 25 00 Kristoffer Lorck (CFO): +47 93 02 88 18

  • ÅRSRAPPORTER OG REVISJONSBERETNINGER27/04/2111:07Hospitality Invest AS - 2020 Annual Report

    The Board of Directors of Hospitality Invest AS has approved the 2020 annual financial statements prepared in accordance with International Financial Reporting Standards (“IFRS”). The Group’s consolidated revenues ended at NOK 8,574 million in 2020 compared to NOK 8,293 million in 2019. Full year Profit from operations ended at NOK 272 million in 2020 compared to NOK 401 million in 2019. Net profit ended at NOK -120 million in 2020 compared to NOK 136 million in 2019. Please find attached the audited 2020 Annual Report including Consolidated Financial Statement for the Group and Financial Statement for the parent company. The report is available at: https://newsweb.oslobors.no/message/531231 Contact persons: Roger Adolfsen (CEO): +47 98 22 25 00 Kristoffer Lorck (CFO): +47 93 02 88 18

  • FINANSIELL RAPPORTERING25/02/2018:18Q4 2020 Interim Report

    The Board of Directors of Hospitality Invest AS has approved the unaudited group financial results for the fourth quarter of 2020. Please find attached the Q4 2020 Interim Report. Key highlights of the Q4 2020 report: • Q4 20 revenues ended at NOK 2,379 million compared to Q4 19 of NOK 2,174. • Q4 20 EBITA of NOK 91 million was up compared to Q4 19 of NOK 29. • The performance in Q4 20 has been satisfactory considering the market conditions. Revenues were impacted by the Covid-19 situation, however, growth compared to previous quarter was seen across all segments except for the Hotel operations. • The occupancy rate in the Hotel segment is still low and is expected to remain low coming half year. • The Care segment continues to be impacted by Covid-19, but still delivered positive profitability during the quarter and for the year. • Two property portfolios were sold during the quarter in the Care segment, generating an adj. EBITDA of NOK 100 million in Q4 20. Sales agreement has been signed for the sale of additional properties in 2021. • Full year revenues (unaudited) ended at NOK 8,555 million compared to NOK 8,293 million in 2019. • Full year EBITA (unaudited) ended at NOK 290 million compared to NOK 232 million in 2019. • Hospitality Invest has invested in Semine AS in December 2020 and will have a 6.6% interest in the company following the transaction. The report is available at: https://newsweb.oslobors.no/message/526228 Contact persons: Roger Adolfsen (CEO): +47 98 22 25 00 Kristoffer Lorck (CFO): +47 93 02 88 18

  • FINANSIELL RAPPORTERING20/11/2017:56Q3 2020 Interim Report

    The Board of Directors of Hospitality Invest AS has approved the unaudited group financial results for the third quarter of 2020. Please find attached the Q3 2020 Interim Report. Key highlights of the Q3 2020 report: • Q3 20 revenues of NOK 2,165 million and EBITA of NOK 139 million • The revenue level was impacted by the Covid-19 situation, however, represented growth compared to previous quarter seen across all segments • The occupancy rate in the Hotel segment is still low and is expected to remain low coming half year • The performance in Q3 20 has been satisfactory considering the market conditions • Hospitality Invest AS received in Q3 20, directly and indirectly, an extraordinary dividend of ~NOK 350 million from Pioneer Property Group ASA by way of a combination of repayment of paid-in capital and dividend • Hospitality Invest has in Q3 20 paid ~SEK 100 million, through a subsidiary, for the participation in an equity issue in Winn Hotel Group, increasing the Group’s ownership from ~5 % to ~37% • The LSS operations in Norlandia Health and Care Group were sold in Q3 20, returning a net gain of NOK 15 million in the quarter The report is available at: https://newsweb.oslobors.no/message/518658 Contact persons: Roger Adolfsen (CEO): +47 98 22 25 00 Kristoffer Lorck (CFO): +47 93 02 88 18

  • FINANSIELL RAPPORTERING24/08/2017:51Q2 2020 Interim report

    The Board of Directors of Hospitality Invest AS has approved the unaudited group financial results for the second quarter of 2020. Please find attached the Q2 2020 Interim Report. Key highlights of the Q2 2020 report: • Q2 20 revenues in Hospitality Invest ended at NOK 1,970 million with EBITA of NOK 43 million • Covid-19 has had a significant impact on the Hotel operations. The Staffing segment is negatively affected while the Care segment is only marginally affected • Except for the Hotel operations, all segments delivered above expectations as a result of efficient cost reduction measures • Hospitality Invest received, directly and indirectly, an extraordinary dividend of ~NOK 70m from Pioneer Property Group ASA by way of a repayment of paid-in capital • Through a subsidiary, Hospitality Invest participated in an equity issue in Winn Hotel Group with a total amount of ~SEK 100 million, increasing the Group’s ownership from ~5% to ~37% • Hospitality Invest, through a subsidiary, also participated in a minor management buyout of Sonans Karriere AS from Sonans. The Group will own ~56% of the shares in Sonans Karriere AS and the company’s financials are consolidated into the Group figures. • The Company remains in a favorable position to support portfolio companies and utilize attractive market opportunities The report is available at: https://newsweb.oslobors.no/message/512015 Contact persons: Roger Adolfsen (CEO): +47 98 22 25 00 Kristoffer Lorck (CFO): +47 93 02 88 18

  • FINANSIELL RAPPORTERING25/05/2008:00Q1 2020 Interim report

    28 May 2020 The Board of Directors of Hospitality Invest AS has approved the unaudited group financial results for the first quarter of 2020. Please find attached the Q1 2020 Interim Report. Key highlights of the Q1 2020 report: • Q1 20 revenues of NOK 2 041,4 million and EBITA of NOK -13,3 million • Covid-19 is affecting the segments to varying degree. The Hotel Operations segment is experiencing dramatic reductions, whereas the Care segment is experiencing marginal effect on financials in Q1 20 • Strong focus within the entire Group on protective measures to secure the health and wellbeing of both customers and employees • Available measures taken to counter the negative effects across the Group. Significant uncertainty related to longer term effects of Covid-19 • Strong liquidity available in the Group to support the entire portfolio The report is available at: https://newsweb.oslobors.no/message/506670 Contact persons: Roger Adolfsen (CEO): +47 98 22 25 00 Kristoffer Lorck (CFO): +47 93 02 88 18

  • ÅRSRAPPORTER OG REVISJONSBERETNINGER30/04/2017:23Hospitality Invest AS - 2019 Annual Report

    Oslo, 30 April 2020 The Board of Directors of Hospitality Invest AS has approved the 2019 annual financial statements prepared in accordance with International Financial Reporting Standards (“IFRS”). The Group’s consolidated revenues ended at NOK 8,293 million in 2019 compared to NOK 7,483 million in 2018. Full year EBITDA ended at NOK 784 million in 2019 compared to NOK 352 million in 2018. Net profit ended at NOK 136 million in 2019 compared to NOK 60 million in 2018. The report is available at: https://newsweb.oslobors.no/message/504404 For further information: Roger Adolfsen (CEO): +47 98 22 25 00 Kristoffer Lorck (CFO): +47 93 02 88 18

  • FINANSIELL RAPPORTERING28/02/2008:00Q4 2019 Interim report

    28 February 2020 The Board of Directors of Hospitality Invest AS has approved the unaudited group financial results for the fourth quarter of 2019. Please find attached the Q4 2019 Interim Report. Key highlights of the Q4 2019 report: • Q4’19 revenues of NOK 2 174.3 million and EBITDA of NOK 175.8 million • EBITDA (excluding IFRS 16 effects) of NOK 33.6 million • All time high revenues for the Group, primarily driven by growth within the Care segment. Topline improves across all segments compared to Q4 18 • Continued growth within the Staffing segment on the back of strong Norwegian market • Pioneer Property Group ASA sold 100% of Pioneer Public Property AS and Pioneer Management AS The report is available at: https://newsweb.oslobors.no/message/496813 Contact persons: Roger Adolfsen (CEO): +47 98 22 25 00 Kristoffer Lorck (CFO): +47 93 02 88 18

  • FINANSIELL RAPPORTERING29/11/1913:04Q3 2019 Interim report

    The Board of Directors of Hospitality Invest AS has approved the unaudited group financial results for the third quarter of 2019. Please find attached the Q3 2019 Interim Report. Key highlights of the Q3 2019 report: - Q3 19 revenues of NOK 2 127,6 million and EBITDA of NOK 259,4 million - EBITDA (excl. IFRS 16 effects) of NOK 128,8 million - Improved profitability within the Care segment driven by seasonality and higher occupancy - All time high revenue within the Staffing segment, supported by organic growth of 11.4% and increased market share in Norway for the ninth consecutive quarter The report is available at: https://newsweb.oslobors.no/message/490542 Contact persons: Roger Adolfsen (CEO): +47 98 22 25 00 Kristoffer Lorck (CFO): +47 93 02 88 18

  • FINANSIELL RAPPORTERING30/08/1908:42Q2 2019 Interim report

    The Board of Directors of Hospitality Invest AS has approved the unaudited group financial results for the second quarter of 2019. Please find attached the Q2 2019 Interim Report. Key highlights of the Q2 2019 report: - Q2’19 revenues of NOK 2,069.7 million and EBITDA of NOK 182.8 million - EBITDA (excl. IFRS 16 effects) of NOK 52.1 million - A strong quarter for the staffing segment, resulting in both an all-time high quarterly revenue for the segment and for the Group overall - Stable top-line for Care, however, weak performance in terms of profitability for Individual & Family and Integration services, offset by a strong quarter from Preschools - Revenue decline from Integration Services within the Care segment is now largely compensated through rapid growth within Preschools – focus set to shift from growth to profitability as we move into 2020 The report is available at: https://newsweb.oslobors.no/message/484201 Contact persons: Roger Adolfsen (CEO): +47 98 22 25 00 Kristoffer Lorck (CFO): +47 93 02 88 18

  • FINANSIELL RAPPORTERING31/05/1911:42Q1 2019 Interim report

    The Board of Directors of Hospitality Invest AS has approved the unaudited group financial results for the first quarter of 2019. Please find attached the Q1 2019 Interim Report. Key highlights of the Q1 2019 report: - Q1’19 revenues of NOK 1,921.3 million and EBITDA of NOK 167.7 million - EBTDA (excl. IFRS 16 effects) of NOK 36.8 million - Topline remains solid, however challenging political climate in Norway affects operations within Care segment - The Staffing segment experiences yet another strong quarter, especially in Norway where organic growth is outperforming the market - Seasonally weak quarter within Hotel Operations, however, slight topline growth compared to Q1’18 The report is available at: https://newsweb.oslobors.no/message/478395 Contact persons: Roger Adolfsen (CEO): +47 98 22 25 00 Kristoffer Lorck (CFO): +47 93 02 88 18

  • ÅRSRAPPORTER OG REVISJONSBERETNINGER30/04/1916:46Hospitality Invest AS - 2018 annual report

    Oslo, 30 April 2019 The Board of Directors of Hospitality Invest AS has approved the 2018 annual financial statements prepared in accordance with International Financial Reporting Standards (“IFRS”). The Group’s consolidated revenues ended at NOK 7,483.3 million in 2018 compared to NOK 7,027.8 million in 2017. Full year EBITDA ended at NOK 351.6 million in 2018 compared to NOK 344.6 million in 2017. Please find attached the audited 2018 Annual Report including Consolidated Financial Statement for the Group and Financial Statement for the parent company. The report is available at: https://newsweb.oslobors.no/message/475668 For further information: Kristoffer Lorck (CFO): +47 93 02 88 18 Roger Adolfsen (CEO): +47 98 22 25 00

  • FINANSIELL RAPPORTERING27/02/1911:02Q4 2018 Interim report

    7 February 2019 The Board of Directors of Hospitality Invest AS has approved the unaudited group financial results for the fourth quarter of 2018. Please find attached the Q4 2018 Interim Report. Key highlights of the Q4 2018 report: - Q4’18 revenues of NOK 1,939.8 million and EBITDA of NOK 41.8 million - Topline remains solid, however weak performance within Care segment due to growth costs, which in turn depressed overall margins - Established a joint venture with NHC in order to seek growth and further expansion into international markets within Preschools The report is available at: https://newsweb.oslobors.no/message/470685 Contact persons: Roger Adolfsen (CEO): +47 98 22 25 00 Kristoffer Lorck (CFO): +47 93 02 88 18

  • FINANSIELL RAPPORTERING13/11/1809:18Q3 2018 Interim report

    13 November 2018 The Board of Directors of Hospitality Invest AS has approved the unaudited group financial results for the third quarter of 2018. Please find attached the Q3 2018 Interim Report. Key highlights of the Q3 2018 report: • Q3'18 revenues of NOK 1,943.0 million and EBITDA of NOK 168.4 million • Strong performance within Staffing and Hotel Operations resulted in the highest quarterly revenue in the history of the Group • Acquisition of some smaller companies within the Care segment Please click on the link to see the full Q3 18 report https://newsweb.oslobors.no/message/463420 Contact persons: Roger Adolfsen (CEO): +47 98 22 25 00 Kristoffer Lorck (CFO): +47 93 02 88 18

  • FINANSIELL RAPPORTERING20/08/1813:21Q2 2018 Interim report

    The Board of Directors of Hospitality Invest AS has approved the unaudited group financial results for the second quarter of 2018. Please find attached the Q2 2018 Interim Report. Key highlights of the Q2 2018 report: - Q2'18 revenues of NOK 1,868.6 million and EBITDA of NOK 74.7 million - Stable growth throughout the year results in the highest quarterly revenue in the history of the Group - New staffing norm approved by Parliament for preschools in Norway, delayed implementation and unclear transitional arrangements - Acquisition of the Sixth Floor AS in the real estate segment and a Dutch preschool chain within the Care segment Please click the link to see the full Q2'18 report https://newsweb.oslobors.no/message/457575 Contact persons: Kristoffer Lorck (CFO): +47 93 02 88 18 Roger Adolfsen (CEO): +47 98 22 25 00

  • FINANSIELL RAPPORTERING16/05/1808:55Q1 2018 Interim report

    The Board of Directors of Hospitality Invest AS has approved the unaudited group financial results for the first quarter of 2018. Please find attached the Q1 2018 Interim Report. Key highlights of the Q1/2018 report: - Q1'18 revenues of NOK 1,738.1 million and EBITDA of NOK 35.5 million - Stable topline growth compared to Q1'17, especially in the Norwegian and Swedish market within the Staffing segment - Adjusting for Real Estate gains in Q1'17, all business areas within the Care Segment showed improved results in Q1'18 - Acquisition of Kamfer and Green Butterfly within the Care segment Please click the link to see the full Q1'18 report https://newsweb.oslobors.no/message/451567 Contact persons: Kristoffer Lorck (CFO): +47 93 02 88 18 Roger Adolfsen (CEO): +47 98 22 25 00

  • ÅRSRAPPORTER OG REVISJONSBERETNINGER31/04/1816:05Hospitality Invest AS - 2017 Annual Report

    Oslo, 30 April 2018 The Board of Directors of Hospitality Invest AS has approved the 2017 annual financial statements prepared in accordance with International Financial Reporting Standards ("IFRS"). The Group's consolidated revenues ended at NOK 7,027.8 million in 2017 compared to NOK 6,795.1 million in 2016. Full year EBITDA ended at NOK 344.6 million in 2017 compared to NOK 529.4 million in 2016. Please click link below to see the full 2017 Annual Report. https://newsweb.oslobors.no/message/450133 For further information: Kristoffer Lorck (CFO): +47 93 02 88 18 Roger Adolfsen (CEO): +47 98 22 25 00

  • FINANSIELL RAPPORTERING16/11/1713:02Q3 2017 Interim Report

    16 November 2017 The Board of Directors of Hospitality Invest AS has approved the unaudited group financial results for the third quarter of 2017. Please find attached the Q3 2017 Interim Report. Key highlights of the Q3/2017 report: - Q3'17 revenues of NOK 1823.1 million and EBITDA of NOK 142.0 million - Stable growth throughout the year results in the highest quarterly revenue in the history of the Group - Entering new markets within the Care segment - Norlandia Hotel Group concludes the acquisition of three hotel operation companies in Sweden Please click link below to see the full Q3 2017 Interim Report. http://www.newsweb.no/newsweb/search.do?messageId=438846 Contact persons: Kristoffer Lorck (CFO): +47 93 02 88 18 Roger Adolfsen (CEO): +47 98 22 25 00

  • ANNEN INFORMASJONSPLIKTIG REGULATORISK INFORMASJON18/10/1717:21Hospitality Invest - Successful placement

    18 October 2017 - Hospitality Invest AS - successful placement of a new senior unsecured bond issue Hospitality Invest AS has successfully completed a NOK 850 million FRN senior unsecured bond issue. The new bond issue has a 5 year tenor and the expected settlement date is October 31, 2017. The net proceeds will be used to refinance HOIN01 (ISIN NO0010703655, maturing in February 2019) by way of utilizing the call option under such bond and for general corporate purposes. Pareto Securities acted as sole manager in connection with the bond issue. An application will be made for listing of the bonds on the Oslo Stock Exchange. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. For further information, please contact: Roger Adolfsen, CEO roger@norlandia.no Kristoffer Lorck, CFO Tel: +47 93 02 88 18 kristoffer.lorck@adolfsengroup.no This press release is neither an offer to sell nor a solicitation of an offer to buy any of the bonds or any other security of Hospitality Invest AS. The statements in this press release that are not historical facts may be forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause the outcome to be materially different. Hospitality Invest AS undertakes no obligation to revise or update any forward- looking statements, unless required to do so under the securities laws.

  • FINANSIELL RAPPORTERING22/08/1716:25Q2 2017 Interim Report

    22 August 2017 The Board of Directors of Hospitality Invest AS has approved the unaudited group financial results for the second quarter of 2017. Please find attached the the Q2 2017 Interim Report. Key highlights: - Revenues of NOK 1,701.5 million and EBITDA of NOK 71.1 million - Stable operating performance across most segments - Norlandia Health & Care Group concludes two acquisitions and Otiga Group concludes one acquisition - Hospitality Invest remains in compliance with all covenants as per 30.06.17 Please click link below to see the full Q2 2017 Interim Report. http://www.newsweb.no/newsweb/search.do?messageId=433270 Contact persons: Kristoffer Lorck (CFO): +47 93 02 88 18 Roger Adolfsen (CEO): +47 98 22 25 00

  • NOTERING / OPPTAK AV VERDIPAPIR16/06/1713:24New Norlandia bond issue to be listed - Oslo Stock Exchange

    The two bond loans issued by Norlandia Health & Care Group AS have been listed on Oslo Stock Exchange as per 19.06.2017. Please find details related to the two loans as well as links to the prospectus below. Issue name: Norlandia Health & Ca AS 16/21 FRN SEK C Ticker: NHC02 Instrument ID: 1303198 ISIN: NO0010780612 Segment: OBOC Home state: NO Trading currency: SEK Issued amount: 1 100 million, tap issue Interest accrual date: 20.12.2016 Maturity date: 20.12.2021 Coupon rate: 4.5 % p.a. (3M STIBOR + 4.5 %) Sector list: Industry and commercial Link to the registration document and the securities note: http://oslobors.no/markedsaktivitet/#/details/NHC01.OSE/data Issue name: Norlandia Health & Care G AS 16/21 FRN C Ticker: NHC01 Instrument ID: 1303197 ISIN: NO0010780604 Segment: OBOC Home state: NO Trading currency: NOK Issued amount: 750 million, tap issue Interest accrual date: 20.12.2016 Maturity date: 20.12.2021 Coupon rate: 5.47 % p.a. (3M NIBOR + 4.5 %) Link to the registration document and the securities note: http://oslobors.no/markedsaktivitet/#/details/NHC02.OSE/data Managers: ABG Sundal Collier ASA; DNB Bank ASA, DNB Markets; Pareto Securities AS Central Securities Depository: VPS ESMA category: Corporate bond Approved prospectus available on: http://www.oslobors.no and https://www.hospitalityinvest.no

  • FINANSIELL RAPPORTERING29/05/1723:59Q1 2017 Interim Report

    The Board of Directors of Hospitality Invest AS has approved the unaudited group financial results for the first quarter of 2017. Please find attached the Q1 2017 Interim Report. Key highlights of the Q1/2017 report: - Consolidated Q1'17 revenues ended at NOK 1,652.2 million and EBITDA of NOK 61.3 million - Stable operating performance across most segments - The bond loan of Norlandia Care Group (NCG01) has been repaid - Otiga Group sees consolidation opportunities and concludes new acquisitions - Hospitality Invest remains in compliance with all covenants as per 31.03.17 Please click link below to see the full Q1 2017 Interim Report. http://www.newsweb.no/newsweb/search.do?messageId=428443 Contact persons: Kristoffer Lorck (CFO): +47 93 02 88 18 Roger Adolfsen (CEO): +47 98 22 25 00

  • Årsrapporter og revisjonsberetninger28/04/1715:232016 Annual Report

    The Board of Directors of Hospitality Invest AS has today approved the 2016 annual financial statements prepared in accordance with International Financial Reporting Standards ("IFRS"). The Group's consolidated revenues ended at NOK 6,795.1 million in 2016 compared to NOK 5,309.5 million in 2015. Full year EBITDA ended at NOK 529.4 million in 2016 compared to NOK 642.0 million in 2015. Please find link to the audited 2016 Annual Report including Consolidated Financial Statement for the Group and Financial Statement for the parent company (http://www.newsweb.no/newsweb/search.do?messageId=426066). For further information: Kristoffer Lorck (CFO): +47 93 02 88 18 Roger Adolfsen (CEO): +47 98 22 25 00

  • FINANSIELL RAPPORTERING28/02/1717:08Q4 2016 Interim Report

    28 January 2017 The Board of Directors of Hospitality Invest AS has approved the unaudited group financial results for the fourth quarter of 2016 and the preliminary full year figures for 2016. Please click link below to see the full Q4 2016 Interim Report. http://www.newsweb.no/newsweb/search.do?messageId=421403 Key highlights of the Q4'16 report: - Consolidated Q4'16 revenues ended at NOK 1,617.5 million and EBITDA of NOK 60.7 million - Preliminary full year 2016 revenues of NOK 6,795.1 million and EBITDA of NOK 529.5 million - A corporate reorganization was completed in Q4'16, involving acquisition of all minority stakes within the Care segment and the establishment of Norlandia Health & Care Group AS - The NOK 650 million bond loan in Norlandia Care Group AS ("NCG01 ") and long term bank debt in Aberia Healthcare AS, Hero Group AS and Kidsa Drift AS was replaced by a new bond loan of NOK ~1 770 million - Hero Group AS received cancellations in Norway and Sweden, while at the same time entering the German market for reception centers - Add-on acquisition in Finland within Otiga Group AS - The Group remains in compliance with all covenants as per 31.12.16 Contact persons: Kristoffer Lorck (CFO): +47 93 02 88 18 Roger Adolfsen (CEO): +47 98 22 25 00

  • FLAGGING15/12/1617:00Mandatory notification of trade in Pioneer Property Group ASA

    Oslo, 15 December 2016 As part of a corporate restructuring, Hospitality Invest AS has today entered into an agreement (the "Purchase Agreement") for the acquisition of 1,967,537 ordinary shares in Pioneer Property Group ASA from its partly owned subsidiary, Norlandia Care Group AS, for a purchase price of NOK 101.819 per share. The transfer is expected to be completed on or about 20 December 2016. - After completion of the Purchase Agreement, Norlandia Care Group AS will own 0 ordinary shares and 99,369 preference shares in Pioneer Property Group ASA, equivalent to 0.61% of the total share capital and 0.09% of the total votes in Pioneer Property Group ASA. - After completion of the Purchase Agreement, Hospitality Invest AS will own 3,912,994 ordinary shares and 10,000 preference shares in Pioneer Property Group ASA, equivalent to 24.05% of the total share capital and 37.40% of the total votes in Pioneer Property Group ASA. - After completion of the Purchase Agreement, Hospitality Invest AS on a consolidated basis will control 4,143,062 ordinary shares and 290,835 preference shares in Pioneer Property Group ASA, equivalent to 27.18% of the total share capital and 39.87% of the total votes in Pioneer Property Group ASA. Hospitality Invest AS has simultaneously entered into an agreement (the "Sales Agreement") for the sale of 711,068 ordinary shares in Pioneer Property Group ASA for a price of NOK 101.819 per share. The Sales Agreement is entered into with the current minority shareholders in Norlandia Care Group AS, Grafo AS and Eidissen Consult AS, which will acquire 355,534 shares each. A wholly-owned subsidiary of Hospitality Invest AS has entered into an agreement to acquire all shares in Norlandia Care Group, and through the Sales Agreement, a number of shares will be sold which ensures that the parties retain their present financial exposure in Pioneer Property Group ASA. The transfer is expected to be completed on or about 21 December. - After completion of the Sales Agreement, Hospitality Invest AS will own 3,201,926 ordinary shares and 10,000 preference shares in Pioneer Property Group ASA, equivalent to 19.69% of the total share capital and 30.61% of the total votes in Pioneer Property Group ASA. - After completion of the Sales Agreement, Hospitality Invest AS on a consolidated basis will control 3,431,994 ordinary shares and 290,835 preference shares in Pioneer Property Group ASA, equivalent to 22.82% of the total share capital and 33.07% of the total votes in Pioneer Property Group ASA. - After completion of the Sales Agreement, Grafo AS will own 1,773,386 ordinary shares and 273,984 preference shares in Pioneer Property Group ASA, equivalent to 12.55% of the total share capital and 17.21% of the total votes in Pioneer Property Group ASA. - After completion of the Sales Agreement, Eidissen Consult AS will own 1,773,386 ordinary shares and 273,984 preference shares in Pioneer Property Group ASA, equivalent to 12.55% of the total share capital and 17.21% of the total votes in Pioneer Property Group ASA. Hospitality Invest AS will, following completion of the Purchase Agreement, control more than 1/3 of the votes in Pioneer Property Group ASA, which triggers a mandatory offer obligation. Hospitality Invest will however, through the Sales Agreement, conduct a sale which reduces its control of the total votes to below 1/3. As a consequence, Hospitality Invest will not launch a mandatory offer. Roger Adolfsen, who is a major shareholder in Hospitality Invest AS, holds the position as Chairman of the Board of Pioneer Property Group ASA and is defined as primary insider subject to disclosure duties under the Norwegian Securities Trading Act Section 4-2. For further information, please contact: Roger Adolfsen (CoB, Pioneer Property Group ASA) roger@norlandia.no Kristoffer Lorck (CFO, Hospitality Invest AS) kristoffer.lorck@hospitalityinvest.no This information is subject of the disclosure requirements in sections 6-8, 4-2 and 4-3 of the Norwegian Securities Trading http://www.newsweb.no/newsweb/search.do?messageId=416172

  • KAPITALENDRINGER14/12/1617:08Contemplated conversion of shareholder loans

    Oslo, 14.12.2016 Contemplated conversion of shareholder loans in Hospitality Invest AS (HOIN01) The Board of Directors (the "Board") in Hospitality Invest AS (the "Company") has called for an extraordinary general meeting in the Company on 28 December 2016 for the acceptance of a contemplated conversion of shareholder loans to equity, amounting to NOK 156 994 616 (the "Conversion"). The Board proposes to arrange a repair issue during Q1 2017 in order for existing shareholders to subscribe for shares corresponding to their pro-rata shareholding in the Company, on terms otherwise equal to the terms defined in the Conversion. The Conversion will increase the equity in the Parent Company from NOK 392.8 million to NOK 549.8 million based on the Company's book equity per 30 September 2016. The book equity in Holdco Group, as defined in the Company's Bond Loan Agreement, will increase from NOK 469.8 million to NOK 626.8 million based on book equity per 30 September 2016. The equity of the Company may increase further dependent on participation in the repair issue. For further information: Kristoffer Lorck (CFO) +47 93 02 88 18 http://www.newsweb.no/newsweb/search.do?messageId=415996

  • OBLIGASJONSHENDELSER02/12/1617:25Successfull completion of bond issue

    Reference is made to the press release issued by Hospitality Invest AS and Norlandia Care Group AS, dated 25th November 2016. Norlandia Health & Care Group AS ("NHCG"), a fully owned subsidiary of Hospitality Invest AS, has today successfully completed a five-year senior secured bond issue of a total amount equivalent to NOK 1,750 million. The bond comprises a NOK tranche of NOK 750 million and a SEK tranche of SEK 1,100 million. ABG Sundal Collier, DNB Markets and Pareto Securities acted as Joint Lead Managers in connection with the bond issue. For further information, please contact: Kristian Adolfsen, Chairman Tel: +47 22 98 97 40 kristian@norlandia.no Yngvar Tov Herbjørnssønn, CEO Tel: +47 91 83 71 89 Yngvar.Tov.Herbjornssonn@norlandia.com Kristoffer Lorck, CFO Tel: +47 93 02 88 18 kristoffer.lorck@adolfsengroup.no http://www.newsweb.no/newsweb/search.do?messageId=415195

  • OBLIGASJONSHENDELSER25/11/1608:00Corporate Reorganisation

    Oslo - 25 November 2016 Corporate reorganisation, contemplated acquisition of minority interests and bond issue Over the last years, Hospitality Invest AS ("Hospitality Invest") has observed a positive development in all its investments within the care segments, and at the same time, the group companies have entered into new geographical areas. Hospitality Invest strongly believes that the core segments in which it is invested will continue to experience a positive trend in the Nordic and European countries in the years to come. In order to arrange for the continued growth in its current investments in the care segments, Hospitality Invest intends to consolidate all its holdings within the preschools, care, individual & family and integration services segments under its fully-owned and newly incorporated subsidiary to be named Norlandia Health & Care Group AS (NHCG). After the reorganisation, NHCG plans to acquire all outstanding minority stakes in Norlandia Care Group AS, Kidsa Drift AS, Hero Group AS and Aberia Healthcare AS (all companies collectively referred to as "Norlandia"), and Hospitality Invest will simultaneously contribute its majority shareholdings in the same companies as equity in kind to the NHCG. Norlandia will become a leading player in the Nordic private care market with more than eight thousand employees and 2016e revenues of NOK 5,500 million. The company is expected to benefit from significant synergies between its segments and vastly improved diversification across geography and product. Contemplated bond issue In relation to the transaction described above, Norlandia is contemplating the issuance of a senior secured bond in the Nordic bond market with maturity in 2021. The bond issue will be equivalent to NOK 1,750 million, and will consist of a NOK and/or a SEK tranche. The net proceeds from the contemplated bond issue will be used to: - Repay approximately NOK 844 million of current debt, including Norlandia Care Group AS' NOK 650 million bond maturing in April 2018 (OSE: NCG01), which will be called in connection with a successful placement of the new bond; and - Finance the acquisition of shares in Norlandia Care Group AS, Kidsa Drift AS, Hero Group AS and Aberia Healthcare AS from minority shareholders; and - General corporate purposes. Consolidated overview of the financial position of Norlandia for the period from 1Q-3Q16, estimates for 4Q16 and full year 2016 are included in the attached file. ABG Sundal Collier, DNB Markets and Pareto Securities have been appointed as Joint Lead Managers of the contemplated bond issue. For further information, please contact: Kristian Adolfsen, Chairman Tel: +47 22 98 97 40 kristian@norlandia.no Yngvar Tov Herbjørnssønn, CEO Tel: +47 91 83 71 89 Yngvar.Tov.Herbjornssonn@norlandia.com Kristoffer Lorck, CFO Tel: +47 93 02 88 18 kristoffer.lorck@adolfsengroup.no This press release is neither an offer to sell nor a solicitation of an offer to buy any of the bonds or any other security of Norlandia Health & Care Group AS. The bonds have not been and will not be registered under the Securities Act or any state securities laws. Unless so registered, the bonds may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act and applicable state securities laws. The statements in this press release that are not historical facts may be forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause the outcome to be materially different. Norlandia Health and Care Group AS undertakes no obligation to revise or update any forward looking statements, unless required to do so under the securities laws. About Hospitality Invest AS Hospitality Invest AS is a private investment company controlled by Roger Adolfsen and Kristian A. Adolfsen. The company invests across a variety of sectors, including Hotel Operations, Care Services, Staffing and Real Estate. The company has a bond listed on the Oslo Stock Exchange under the symbol "HOIN01". http://www.newsweb.no/newsweb/search.do?messageId=414595

  • FINANSIELL RAPPORTERING18/11/1608:00Q3 2016 Interim Report

    18 November 2016, The Board of Directors of Hospitality Invest AS has approved the unaudited group financial results for the third quarter of 2016. Please find attached the Q3/2016 Interim Report. Key highlights of the Q3/2016 report: - Hospitality Invest delivers another solid quarter with Q3'16 revenues of NOK 1,768.5 million and EBITDA of NOK 193.2 million - The Company acquired 49.9% of the outstanding shares in Norefjell Hotell AS during the quarter - Further purchase of shares from minority shareholders in Aberia Healthcare AS during Q3 has brought the Group's total ownership to 73.2% - Hospitality Invest has also participated in equity issues in the two group entities Personalhuset AS and Miliarium Bolig AS - The Group remains in compliance with all covenants as per 30.09.16 Contact persons: Kristoffer Lorck (CFO): +47 93 02 88 18 Roger Adolfsen (CEO): +47 98 22 25 00 http://www.newsweb.no/newsweb/search.do?messageId=414005

  • MELDEPLIKTIG HANDEL03/11/1608:30Disclosure of significant shareholding in Pioneer Property Group ASA

    Oslo, 3 November 2016 Hospitality Invest AS and Norlandia Care Group AS, a company controlled by Hospitality Invest AS, (together the "Vendor"), have today sold 500,000 preference shares in Pioneer Property Group ASA (the "Company"), representing 7.69 percent of total outstanding preference shares and 0.48 percent of the voting rights in the Company. The shares were sold at a price of NOK 97 per share. Following the completion of the sale, Hospitality Invest AS will hold 10,000 preference shares, corresponding to 0.15 percent of total outstanding preference shares in Pioneer Property Group ASA, and Norlandia Care Group AS will hold 99,369 preference shares, reducing its holding from 7.68 percent to 1.53 percent of total outstanding preference shares in Pioneer Property Group ASA. Norlandia Care Group's total voting rights in the Company are reduced from 15.12 percent to 12.67 percent. Hospitality Invest AS' consolidated group ownership of preference shares (including HI Capital AS and Norlandia Care Group AS) is reduced from 790,835 preference shares, corresponding to 12.17 percent, to 290,835 preference shares, corresponding to 4.47 percent of total outstanding preference shares in the Company. Hospitality Invest AS' consolidated group voting rights in Pioneer Property Group ASA are reduced from 40.35% to 39.87%. Roger Adolfsen, who is a major shareholder in Hospitality Invest AS, holds the position as Chairman of the Board of Pioneer Property Group ASA and is defined as primary insider subject to disclosure duties under the Norwegian Securities Trading Act Section 4-2. For further information, please contact: Roger Adolfsen (CEO) roger@norlandia.no Kristoffer Lorck (CFO) kristoffer.lorck@hospitalityinvest.no

  • FINANSIELL RAPPORTERING26/08/1608:30Q2 2016 Interim Report - Hospitality Invest AS

    26 August 2016 The Board of Directors of Hospitality Invest AS has approved the unaudited group financial results for the second quarter of 2016. Click the link below to read the Q2 2016 Interim Report. http://www.newsweb.no/newsweb/search.do?messageId=408208 Key highlights of the Q2/2016 report: - Hospitality Invest delivers the best operating quarter in the company history with Q2'16 revenues of NOK 1,748.9 million and EBITDA of NOK 135.3 million - A NOK 200 million tap issue was successfully completed in Hospitality Invest in June - The Group remains in compliance with all covenants as per 30.06.16 Contact persons: Kristoffer Lorck (CFO): +47 93 02 88 18 Roger Adolfsen (CEO): +47 98 22 25 00

  • IKKE_INFORMASJONSPLIKTIGE PRESSEMELDINGER04/07/1612:35Hospitality Invest AS invests in Norefjell Resort

    Oslo, 4 July 2016 A&B Invest AS, a newly established company owned 49.9% by Hospitality Invest AS, has today acquired 100% of the outstanding shares of FOBA 3 AS, the holding company of Norefjell Resort AS and Norefjell Ski & Spa AS. The acquisition was completed together with Edda Utvikling AS, a company controlled by Marianne and Arne Blystad. Edda Utvikling AS will own 43% of the shares in A&B Invest AS and Oslo Corporate Holding AS will own the remaining 7.1%. The investors are already substantial owners of Norefjell Skisenter AS and are currently investing considerable amounts in the development of the mountain destination. For further information, please contact: Roger Adolfsen (CEO) Tel: 98 22 25 00 Mail: roger@norlandia.no

  • OBLIGASJONSHENDELSER17/06/1612:12Successful completion of tap issue

    Hospitality Invest AS has successfully completed a tap issue of NOK 200 million in the secured bond HOIN01 (ISIN NO0010703655). The total nominal amount outstanding in HOIN01 after the tap issue will be NOK 800 million. ABG Sundal Collier ASA acted as arranger in connection with the tap issue. For further information, please contact: Kristoffer Lorck, CFO +47 93 02 88 18 kristoffer.lorck@adolfsengroup.no Roger Adolfsen, CEO roger@norlandia.no

  • FINANSIELL RAPPORTERING26/05/1611:29Q1 2016 Interim Report

    26 May 2016 The Board of Directors of Hospitality Invest AS has approved the unaudited group financial results for the first quarter of 2016. Please find attached the Q1 2016 Interim Report. http://www.newsweb.no/newsweb/search.do?messageId=402873 Key highlights of the Q1/2016 report: - Revenues of NOK 1,660.3 million and EBITDA of NOK 140.3 million in Q1'16 - Aberia Healthcare AS included in the consolidated numbers as part of the Care segment - Personalhuset acquired controlling stake in the Swedish staffing company Söder & Co Contact persons: Kristoffer Lorck (CFO): +47 93 02 88 18 Roger Adolfsen (CEO): +47 98 22 25 00

  • FINANSIELL RAPPORTERING29/04/1617:04Hospitality Invest - Annual Report 2015

    Oslo, 29 April 2016 The Board of Directors in Hospitality Invest AS has today approved the audited Annual Report for 2015. The Group's revenues increased from NOK 2,774.3 million in 2014 to NOK 5,309.9 million in 2015. Net profit increased from NOK 173.9 million in 2014 to NOK 433.3 million in 2015. Please find attached the audited Annual Report 2015 including Consolidated Financial Statement for the Group and Financial Statement for the Parent Company. Contact persons: Kristoffer Lorck (CFO): +47 93 02 88 18 Roger Adolfsen (CEO): +47 98 22 25 00 http://www.newsweb.no/newsweb/search.do?messageId=400708

  • FINANSIELL RAPPORTERING26/02/1616:42Q4 2015 Interim Report

    26 February 2016 The Board of Directors of Hospitality Invest AS has approved the unaudited group financial results for the fourth quarter of 2015. Please find attached the Q4 2015 Interim Report. Key highlights of the Q4/2015 report: - Revenues of NOK 1,677 million and EBITDA of NOK 48 million in Q4'15. - High activity within Hero Group lifts performance in Q4'15, compensating for a slightly softer quarter within other Care segments and Staffing - Strong cash position in the Group of NOK 536.2 million as per 31.12.15 - Preliminary full year numbers for 2015 shows the strongest year in the Group's history with revenues of NOK 5.6 billion and EBITDA of NOK 602 million Contact persons: Kristoffer Lorck (CFO): +47 93 02 88 18 Roger Adolfsen (CEO): +47 98 22 25 00 http://www.newsweb.no/newsweb/search.do?messageId=396137

  • FINANSIELL RAPPORTERING25/02/1615:11Q4 2015 Interim Report for Norlandia Care

    25 February, 2016 Norlandia Care Group AS, a subsidiary of Hospitality Invest AS, has today released its Q4 2015 interim report. The full report is found on Newsweb: http://www.newsweb.no/newsweb/search.do?messageId=396008

  • FINANSIELL RAPPORTERING26/11/1512:10Q3 2015 Interim Report Corrected - Hospitality Invest AS

    Corrected Q3 2015 Interim Report attached. Contact: Kristoffer Lorck (CFO): +47 93 02 88 18 http://www.newsweb.no/newsweb/search.do?messageId=390260

  • FINANSIELL RAPPORTERING28/08/1511:36Q2 2015 Interim Report

    28 August 2015 The Board of Directors of Hospitality Invest AS has approved the unaudited group financial results for the second quarter of 2015. Please find attached the Q2 2015 Interim Report. Key highlights of the Q2/2015 report: - Revenues of NOK 1,528.6 million and EBITDA of NOK 415.9 million - Norlandia Care Group acquired Kids2Home in Sweden - Profits of NOK 333 million recognized following the sale of shares in associated companies and sale of properties For additional information, contact: Kristoffer Lorck (CFO): +47 93 02 88 18 Roger Adolfsen (CEO): +47 98 22 25 00 http://www.newsweb.no/newsweb/search.do?messageId=384503

  • FINANSIELL RAPPORTERING31/05/1523:45Financial Result Q1 2015

    Hospitality Invest AS - Interim group results 31.03.2015 http://www.newsweb.no/newsweb/search.do?messageId=379319

  • FINANSIELL RAPPORTERING30/04/1518:002014 Financial Statement Hospitality Invest AS

    Oslo, 30 April 2015 Hospitality Invest AS has published audited consolidated 2014 Financial Statements. For additional information: CEO: Roger Adolfsen E-mail:roger.adolfsen@norlandia.no Telephone: (+47) 982 22 500 http://www.newsweb.no/newsweb/search.do?messageId=376937

  • FINANSIELL RAPPORTERING01/03/1522:33Financial Result Q4 2014

    Hospitality Invest AS - Interim group results 31.12.2014 http://www.newsweb.no/newsweb/search.do?messageId=372435

Key Figures

Consolidated group figures for Hospitality Invest. For detailed figures, please see the Company’s quarterly and annual reports as published under Stock Exchange Notices.

Quarterly Revenue (MNOK)
Quarterly EBITDA (excl. IFRS 16) (MNOK)
Number of employees

Bond Loan details

Hospitality Invest AS issued a new senior unsecured bond issue of NOK 700 million, with 3 years tenor on 3 October 2022. The net proceeds from the new bond issue was utilized to refinance HOIN02 in full by utilizing the call option under such bond.

ISIN NO0012708165
Ticker N/A
Issuer Hospitality Invest AS
Maturity 03.10.2022 – 03.10.2025
Currency NOK
Margin 7%
Interest adjustments date No
Outstanding (mill) 700
Nominal value 500,000
Status Senior Unsecured
Call Yes
Put No
Trustee Nordic Trustee AS
VPS agent DNB Bank ASA
CSD Verdipapirsentralen ASA
Documents Summary, Registration Document, Securities Note