Brief: Blue Cap AG Signs Agreement To Sell Uniplast Group

Blue Cap AG

14/06/2023 17:23

June 14 (Reuters) - Blue Cap Ag  B7EG.DE :
    * EQS-ADHOC: BLUE CAP AG SIGNS AGREEMENT TO SELL UNIPLAST
GROUP
    * EQS-ADHOC: BLUE CAP AG SIGNS AGREEMENT TO SELL UNIPLAST
GROUP
    * BLUE CAP IS ADJUSTING ITS GUIDANCE FOR FULL YEAR 2023
    * PURCHASE AGREEMENT IS EXPECTED TO BE COMPLETED IN Q3 OF
2023
    * EXPECTS GROUP REVENUE FOR FULL YEAR 2023 TO BE IN RANGE OF
EUR
300 - 320 MILLION (PREVIOUSLY EUR 340 - 355 MILLION)
    * CONTINUES TO EXPECT AN ADJUSTED EBITDA MARGIN OF 8 - 9%
(PREVIOUSLY 8 - 9%) FOR FY 2023
    * BLUE CAP  - TOTAL PROCEEDS (BEFORE TAXES) WILL BE IN LOW
DOUBLE-DIGIT MILLIONS AND AROUND 17% ABOVE NET ASSET VALUE
VALUATION AS OF 31 DECEMBER 2022

Source text for Eikon:  ID:nEQ4pSFjVa 
Further company coverage:  B7EG.DE 

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