Brief: Bio-UV Group Acquires Corelec, Cuts 2021 Organic Growth Target
29/10/2021 06:41
Oct 29 (Reuters) - Bio-UV Group SA ALTUV.PA :
* SIGNATURE OF AN AGREEMENT FOR THE ACQUISITION OF CORELEC,
ONE OF
THE FRENCH LEADERS IN SOLUTIONS FOR THE TREATMENT OF SWIMMING
POOL WATER BY SALT ELECTROLYSIS
* THE ACQUISITION OF CORELEC WILL BE FINALISED AND EFFECTIVE
NO
LATER THAN 9 NOVEMBER 2021
* THE 2021 TURNOVER TARGET FOR THE MARITIME DIVISION
(BIO-SEA)
WILL NOT BE MET
* OUTLOOK: CONFIRMATION OF THE OBJECTIVE OF INCREASING THE
PROFITABILITY OF THE ENTIRE GROUP FOR THE YEAR
* THE ACTIVITY OF THE LAND DIVISION CONTINUES TO REGISTER
SIGNIFICANT ORGANIC GROWTH IN H2 AND WILL ACCELERATE WITH THE
CONTRIBUTION OF CORELEC
* BIO-UV GROUP'S DOUBLE-DIGIT ORGANIC BUSINESS GROWTH TARGET
FOR
2021 WILL NOT BE MET
* EXEMPTIONS HAVE BEEN GRANTED FROM THE REGULATORY DATE FOR
EQUIPPING CERTAIN VESSELS, DEFERRING TO 2022, 2023 AND 2024 PART
OF THE EQUIPMENT FORECASTS PLANNED FOR 2021
Source text for Eikon: ID:nACT71739
Further company coverage: ALTUV.PA
(Gdansk Newsroom)
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