Brief: Blue Cap Sells Subsidiary Carl Schaefer And Renews Outlook For 2021

Blue Cap AG

16/11/2021 11:15

Nov 16 (Reuters) - BLUE CAP AG  B7EG.DE :
    * SELLS SUBSIDIARY CARL SCHAEFER AND RENEWS OUTLOOK FOR 2021
    * THE SALES PRICE IS IN THE LOWER SINGLE-DIGIT MILLION RANGE
    * TODAY SIGNED AN AGREEMENT TO SELL ITS 100% STAKE IN CARL
SCHAEFER GOLD- UND SILBERSCHEIDEANSTALT GMBH (CARL SCHAEFER) TO
BAUER-WALSER AG
    * GROUP'S REVENUE FOR THE FULL YEAR 2021 WILL BE REDUCED AND
IS
EXPECTED TO BE IN A RANGE OF 255 - 260 MILLION EUROS
    * OUTLOOK 2021: MANAGEMENT MAINTAINS ITS ESTIMATE OF THE
ADJUSTED
EBITDA MARGIN AT 8% - 9%
    * POTENTIAL TOTAL PROCEEDS SHOULD BE JUST OVER THE NET ASSET
VALUE
VALUATION OF 4 MILLION EUROS AS OF 30 JUNE 2021
    * SALE OF THE COMPANY REPRESENTS AN ANNUAL RETURN ON
INVESTED
CAPITAL (INTERNAL RATE OF RETURN) OF AROUND 20% AND A MULTIPLE
ON THE INVESTED CAPITAL OF AROUND 3.1X
    * PROPERTY REMAINS IN BLUE CAP'S POSSESSION FOR THE TIME
BEING AND
CAN BE SOLD SEPARATELY SUBSEQUENTLY

Source text for Eikon:  ID:nEQbKMY84a 
Further company coverage:  B7EG.DE 

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