NASDAQ OMX (NASDAQ:NDAQ) announced that Sanitec Oyj (short name: SNTC), a Mid Cap company within the Industrials sector, has started trading of its shares on the main market of NASDAQ OMX Stockholm. Sanitec is, including switches, the 15th company to list at NASDAQ OMX’s Nordic main markets in 2013 (NASDAQ OMX Stockholm; Helsinki; Copenhagen and Iceland).
Sanitec is a leading bathroom ceramics specialist with a strong pan-European portfolio of locally well-established brands. Sanitec markets its products through five geographical regions in Europe, mainly in Northern and Western Europe with a strong growth platform in Eastern Europe, in addition to its international export organisation. In 2012 Sanitec’s net sales amounted to EUR 752.8 million with around 6,500 employees working in 18 European based production plants as well as in global sales and support functions. Sanitec’s head office is located in Helsinki, Finland.
“We are very proud of the strong interest we have received from both institutional and retail investors,” says Peter Nilsson, CEO of Sanitec. “The outcome of the offering confirms that we during the last years have been very successful in implementing efficiency improvements under the "One Sanitec" strategy and is also a sign of confidence in our future plans and strategy. We welcome our new shareholders and look forward to continuing to develop Sanitec as a publicly listed company.”
”We are excited to welcome Sanitec to NASDAQ OMX’s main market where they will make an interesting investment alternative for both institutional and private investor audiences,” says Adam Kostyal, Senior Vice President at NASDAQ OMX. “We now look forward to supporting Sanitec with the increased investor awareness that comes with a main market listing.”