Brief: Blue Cap Strengthens Buys Transline, Raises 2022 Forecast

Blue Cap AG

03/03/2022 06:14

March 3 (Reuters) - BLUE CAP AG  B7EG.DE :
    * STRENGTHENS ITS BUSINESS SERVICES DIVISION WITH THE
ACQUISITION
OF THE TRANSLINE GROUP AND RAISES ITS FORECAST FOR THE 2022
FINANCIAL YEAR
    * INCREASE IN FORECAST FOR 2022 FINANCIAL YEAR: REVENUE TO
INCREASE TO 305-325 MILLION EUROS WITH AN EXPECTED EBITDA MARGIN
(ADJUSTED.) OF 9-10 %
    * STRATEGIC MOVE TO DEVELOP A BUY-AND-BUILD PLATFORM IN A
FRAGMENTED MARKET
    * ACQUISITION IS EXPECTED TO BE COMPLETED ON 4 MARCH 2022
    * AGREED TO ACQUIRE A QUALIFIED MAJORITY STAKE OF 74 % IN
TRANSLINE GRUPPE GMBH (HEREINAFTER "TRANSLINE") AND ITS FIVE
OPERATING SUBSIDIARIES AGAINST PAYMENT OF A PURCHASE PRICE IN
LOWER THIRD OF DOUBLE-DIGIT MILLION RANGE
    * SELLER IS LEAD EQUITIES GROUP IN AUSTRIA
    * IT IS PLANNED THAT OPERATIONAL MANAGEMENT TEAM WILL
ACQUIRE A
STAKE OF AROUND 5 % IN TRANSLINE FROM BLUE CAP AG WITHIN NEXT
FEW MONTHS
    * REPERCUSSIONS OF RUSSIA-UKRAINE WAR HAVE NOT YET BEEN
DEFINITIVELY ASSESSED AND MAY SUBSEQUENTLY ALTER FORECAST
    * DIRECT TRANSACTIONS WITH RUSSIA ACCOUNT FOR WELL BELOW 1 %
OF
GROUP SALES, AND POSSIBLE INDIRECT IMPACT ON E.G. RAW MATERIAL
PROCUREMENT OR SUPPLY CHAINS IS STILL UNCLEAR

Source text for Eikon:  ID:nEQ6VZMTHa 
Further company coverage:  B7EG.DE 

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