Stockholm, June 8 2012 — NASDAQ OMX (NASDAQ: NDAQ) announces that the trading in ALM Equity AB (ALM) shares will commence today on First North at NASDAQ OMX Stockholm. ALM Equity belongs to the Financials sector and is the third company to be admitted to trading on First North in 2012.
ALM Equity is a real estate company that acquires, structures, develops and sells residential projects. Current operations started in 2006 and the company's geographic markets are Stockholm, Uppsala, Mälardalen and attractive holiday locations in Sweden. Customers include home buyers, real estate companies, construction companies, municipalities and seekers of commercial premises. In its Q1 report for 2012 ALM Equity reported revenues of MSEK 101.4, an increase of 60 percent compared to the same quarter last year.
Joakim Alm, CEO at ALM Equity, said: “ALM Equity has enjoyed successful and profitable growth in recent years and in my opinion our business model has considerable potential to continue creating a good return and growth under good as well as not so good economic conditions. We have a strong position and see good development opportunities in the future. We feel inspired to developing the company as a publicly held entity on First North with the aim to eventually make a move to NASDAQ OMX’s main market.”
Jenny Rosberg, Senior Vice President at NASDAQ OM, commented: “We welcome ALM Equity to First North, one of Europe’s most liquid growth markets. ALM is a seasoned company in the Swedish real estate market and has showed terrific financial growth in the last year. We look forward to supporting ALM Equity’s listing on First North by maximizing its exposure to both local and global investor communities.”
ALM Equity AB has appointed Erik Penser Bankaktiebolag as Certified Adviser.
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The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about NASDAQ OMX's products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX's control. These factors include, but are not limited to factors detailed in NASDAQ OMX's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
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