Strategic review process of Peak Performance

Oct 05, 2017, 8:45

 

The Board of Directors of IC Group has decided to initiate a strategic review process of the fully-owned brand Peak Performance. The purpose of this process is, inter alia, to identify whether IC Group – either partial or in full – also serves as the best owner of Peak Performance in the future. The investment bank Rothschild & Co has been engaged to assist in the process.

 

The Chairman of the Board of Directors, Peter Thorsen, comments:

“Throughout the past couple of years Peak Performance has experienced a strong development with an improved operational business model, strengthened collections and not least improved results. The next part of the journey is to accelerate the international strategy. Perhaps another owner would be better able to lead this next step of the journey than IC Group which is the reason why the Board of Directors has decided to explore this option thoroughly.”

 

The content of this announcement will have no impact on IC Group’s financial outlook for the financial year 2017/18 as communicated to the market in connection with the announcement of the Annual Report 2016/17 on 31 August 2017.

 

 

IC Group A/S

Peter Thorsen

Chairman of the Board of Directors

 

 

Please direct any questions regarding this announcement to:                                                                   

Jens Bak-Holder

Head of Investor Relations

Phone: +45 21 28 58 32

 

 

This announcement is a translation from the Danish language. In the event of any discrepancy between the Danish and English versions, the Danish version shall prevail