November 21, 2017 9:36 PM ET

Commercial Services and Supplies

Company Overview of KVD Kvarndammen AB

Company Overview

KVD Kvarndammen AB, an auction Website, provides online auction and valuation services for used cars, heavy and light vehicles, machinery, and other company assets to buyers from Scandinavia, Northern Europe, and the rest of the world. The company values and sells properties as a commercial agent for fleet owners, banks, financing and insurance companies, bankruptcy estates, private companies, receivers, the government, local councils, municipalities, and public authorities. It also serves private individuals and professional users renewing their vehicle fleets and machinery. The company was founded in 1991 and is based in Kungälv, Sweden.

Ellesbovägen 150

Kungälv,  442 90

Sweden

Founded in 1991

Phone:

46 3 03 37 31 00

Fax:

46 3 03 24 95 55

Key Executives for KVD Kvarndammen AB

Chief Executive Officer
Age: 58
Compensation as of Fiscal Year 2017.

KVD Kvarndammen AB Key Developments

KVD Announces Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016

KVD announced earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported net sales of SEK 85 million against SEK 78 million a year ago. EBITA was SEK 13 million against SEK 1 million a year ago. Adjusted EBITA was SEK 13 million against SEK 6 million a year ago. For the year, the company reported net sales of SEK 321 million against SEK 317 million a year ago. EBITA was SEK 37 million against SEK 29 million a year ago. Adjusted EBITA was SEK 48 million against SEK 38 million a year ago.

KVD Appoints Torbjörn as CEO

KVD announced that Torbjörn Wik has been appointed new CEO. Torbjörn has served as acting CEO since January 2016. Torbjörn, who has extensive experience of the role of CEO from companies whose core operations have been online services and e-commerce, was most recently acting CEO of inkClub. He has also held various marketing manager positions in companies that have strong consumer brands. Torbjörn will assume the position immediately.

KVD Announces Executive Changes

Torbjorn Wik has been appointed new acting CEO of KVD. After eight active years in the company, seven of which as CEO, Ulrika Drotz Molin has elected to resign to pursue new challenges. Torbjorn recently acting as CEO of inkClub. He was formerly acting CEO for Oniva Online Group. Torbjorn will assume the position of acting CEO in January.

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Recent Private Companies Transactions

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Date
Target
No transactions available in the past 12 months.
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