Transcom WorldWide S.A. today announced that its French subsidiary, Transcom WorldWide (France) S.A.S., has been placed in liquidation proceedings by the Commercial Court of Versailles. A liquidator appointed by the Court will take over management of the subsidiary, Transcom WorldWide (France) S.A.S., as of today.
As a consequence, Transcom WorldWide (France) S.A.S. will be excluded from consolidation in Transcom WorldWide S.A.’s Group accounts as of March 1, 2013. In 2012, Transcom WorldWide (France) S.A.S. reported revenues amounting to €6.4 million, an operating loss of €5.4 million, and a negative cash flow of €12.5 million. Shareholders’ equity booked in the balance sheet of Transcom WorldWide (France) S.A.S. amounted to negative €9.2 million as at December 31, 2012.
For further information, please contact:
Johan Eriksson, President and CEO
Telephone +46 70 776 80 22
Stefan Pettersson, Head of Group Communications
Telephone +46 70 776 80 88