SPS Corporate Image

Significant Events

2008

  • The Board of Service Point increases its stake: Board members Jaime Castellanos and Jose Antonio Moratiel have increased their stakes in Service Point, acquiring an additional 1.1% of the company
  • The shareholder group led by Anta Inversiones increases stake in Service Point: The shareholder group led by Anta now owns 5.8% of the company following the acquisition of 575,000 shares on the market
  • Jose Antonio Moratiel brings his stake in SPS to 6.5%: The Director acquires a further 400,000 shares in the market for the second time this year
  • Service Point's Board approves a 1x30 scrip issue: The Board of Directors to execute the €2.1 million scrip issue approved by SPS shareholders on 28 June 2007

2007

  • SPS 2005 convertible bonds: the last bond conversion period begins on 16 November. On 22 June, 2007, the Company's bondholders voted at in general assembly to bring the maturity date forward to 31 December, 2007
  • 3Q07 results: SPS triples third quarter earnings posting net profit of €6mn for the first nine months
  • Contract executed with Myphotobook GmbH; new on-demand printing centre inaugurated in Berlin
  • Syndicated loan extended to €100mn
  • Acquisition of 100% of Barcelona-based firm, Reprografía Digital Quality Imprés
  • Contract executed with the Puig Group to run its office assets
  • Document management contract signed with Gallina Blanca
  • First digital reprographics and document management services centre opened in Florida
  • Facilities management agreement signed with X-nth and new services centre opened in Las Vegas
  • 1H07 results: SPS's profit for the first half equivalent to that of FY06
  • Acquisition of 100% of Norwegian digital reprographics firm Allkopi A.S. closed
  • General Shareholders' Meeting on 28 June 2007: first ever SPS dividend approved
  • Anta Inversiones y Asesoramiento, S.A. takes a 5.08% stake in SPS
  • Acquisition of CBF Print Management in the UK
  • José Antonio Moratiel, through Aspen Capital S.L., acquires 5.9% of SPS and takes a seat on the Board
  • Jaime Castellanos (former Chairman of Recoletos) acquires 5% of SPS through Paosar S.L., taking a seat on the Board
  • 1Q07 results: first quarter operating profit 4 times higher year-on-year
  • The Board of Directors of SPS approves a 1x30 scrip issue for 1Q08
  • Shareholder remuneration: 1x30 scrip issue undertaken in April
  • Shell awards SPS a 3-year document management services contract in UK and Holland
  • SPS lands document management contract with Amtrak, the US national railway company
  • 5-year facilities management service agreement signed with the multinational DSM for Holland
  • 2006 results: topline growth of 34%; bottom line 5x higher yoy
  • €54.3mn capital increase to repay the bridge loan taken out to acquire Cendris DM (€35mn), reduce debt and increase growth funding

2006

  • SPS contract with the German Parliament (Bundestag and Bundesrat) extended
  • SPS 05 convertible bonds 95.3% converted
  • Acquisition of 100% of Cendris Document Management B.V, financed with a €35mn bridge loan
  • 3Q06 results: growth at SPS picks up with yoy with third quarter topline growth of 18%
  • 2Q06 results: revenues jump 12% and net profit reaches €2.7mn
  • SPS renews service contract with Repsol YPF
  • SPS wins UK facilities management contract with Skanska
  • Syndicated loan taken out with Lloyds TSB Bank PLC to reinforce SPS' financial structure and fund growth
  • Shareholders give SPS approval for 1x30 scrip issue to take place in 2Q07
  • SPS lands document management contract with Pennsylvania Power and Light in the US
  • SPS acquires 51% of Koebcke GmbH, one of Germany's leading document management and digital reprographics players
  • Acquisition of document management firm, Open Archive, in the US
  • Acquisition of MIC Print, a digital reprographics based in Madrid, cementing its leadership in Spain
  • Ample majority of bondholders gives SPS go-ahead to simplify its covenants
  • Shareholder remuneration: 1x40 scrip issue undertaken in March
  • SPS acquires UK document management firm DocScan
  • SPS acquires UK document management firm Imagetek
  • Document management contract awarded by Washington DC Port

2005

  • 1x30 scrip issue
  • Successful completion of the €46.4mn convertible bond issue to reduce debt and increase funding to execute its growth plan
  • Digital reprographics service provision contract for the rehabilitation work in Liverpool city centre
  • Reverse stock split (10-to-1) to reduce trading volatility

2004

  • Multi-year document management contract executed with the Panrico Group
  • Acquisition of Tecnografía Zorita 10, boosting revenues in the Madrid area by €2mn
  • Growth in the US with the inauguration of the Manhattan services centre and launch of operations in Ohio
  • Digital reprographics and document management contract signed with Ferrovial
  • Collaboration agreement with Typsa in connection with the new Barcelona airport terminal construction project
  • 3-year digital reprographics contract awarded by the London tube (Tubelines) worth over €1mn

2003

  • Simplification of the management structure in line with the most recent trends in corporate governance and with the aim of boosting industrial efficiency
  • Successful completion of the €27.3mn capital increase to reinforce the balance sheet and boost growth
  • Inauguration of the Boston office to reinforce growth and development plan in the US
  • Extension of services provided to AMEC, one of the main engineering firms in the UK
  • €60mn financing agreement arranged
  • Contract executed to run four onsite facility management centres for HLM, one of the biggest architectural firms in the US
  • Two onsite facility management centres opened at the European University of Madrid for the provision of document management services
  • 2002 results: net profit of €3.5mn
  • SPS awarded digital reprographics and document management services contract at the emblematic Agbar Tower for the Layetana Group
  • Investment of €2.5mn in document management and digital reprographics in Spain following disposal of the office supplies business
  • SG, the investment banking division of Société Générale, grants SPS a €50mn equity financing line

2002

  • SP UK signs a reprographics contract in connection with the new Heathrow terminal
  • SP Spain announces it is shoring up its Facility Management business (onsite customer service centres) designating capex over the coming years of €2.5mn
  • The change in the Group name to Service Point Solutions S.A, or Service Point at the brand level, is approved
  • Collaboration agreement with Xerox and Ikon
  • The strategic reorientation process is concluded:
    • The business is fully refocused on digital reprographics and document management
    • The facilities management segment is reinforced, with revenues jumping 18% vs. 2001
  • Management team overhaul with the appointment of the new Chairman, Juan José Nieto (former Chairman of Admira and CEO of Antena 3) and Global Operations Manager, Rafael López-Aparicio (former General Manager of Digital Health Imaging at Eastman Kodak worldwide and General Manager of Emerging Markets for Eastman Kodak International Management)