Brief: Addvise Acquires Surplus Diabetics, Inc.

ADDvise AB (publ)

19/04/2022 20:09

April 19 (Reuters) - ADDvise Group AB (publ)  ADDVa.ST :
    * ADDVISE ACQUIRES SURPLUS DIABETICS, INC.
    * PURCHASE PRICE AMOUNTS TO A TOTAL OF USD 19.5 MILLION
    * ACQUISITION IS FINANCED THROUGH OWN FUNDS
    * ADDVISE ASSESSES THAT ACQUISITION WILL HAVE A POSITIVE
IMPACT ON
ADDVISE EARNINGS PER SHARE DURING FINANCIAL YEAR 2022
    * ADDVISE GROUP - ADJUSTED EBITDA OF ABOUT $3.2 MILLION,
CORRESPONDING TO AN ADJUSTED EBITDA MARGIN OF ABOUT 17.7% FOR
LAST 12 MONTHS AS OF NOV 30, 2021
    * SURPLUS DIABETICS REVENUE FOR LAST TWELVE MONTHS AS OF
NOVEMBER
30, 2021, AMOUNTED TO ABOUT USD 18.1 MILLION

Source text for Eikon:  ID:nWkr7kZXwR 
Further company coverage:  ADDVa.ST 

 ((Reuters.Brief@thomsonreuters.com;))