Sport Outlet-eieren vil på Oslo Børs

Outlet Group, the owner of the Sport Outlet chain, plans to seek a stock listing on Oslo BØRS to raise up to 500 million kroner. The funds will primarily be used for a new central warehouse, according to the company's filing. In its investor notice, the firm explains there is ample room for significant growth. It aims to open five new Sport Outlet and 15-20 Kids Outlet stores annually, targeting 160-180 Sport Outlet stores and expanding from 110-140 Kids Outlet stores currently planned.

The company is projected to generate 1,078 billion kroner in sales during the first half, up from 855 million kroner the same period last year. Net income grew to 111 million kroner from 69 million. The company's long-term goal is 4.5 to 5 billion kroner in sales. The board believes a stock listing will provide access to capital markets to finance expansion and increase shareholder base, says CEO Harald Sylta in the filing.

DNB Asset Management, Alfred Berg Capital Management, and Nordea Investment Management have each committed to buying shares totaling 550 million kroner. A share price of up to 33 kroner would value the company at around 3.2 billion kroner before new capital is injected.