Brockhaus Technologies Adjusts FY Outlook After Palas Holding Share Sale Agreement

Brockhaus Technologies AG

24/11/2022 10:23

Nov 24 (Reuters) - Brockhaus Technologies AG: High value realization through
sale of Palas; forecast adjusted accordingly
* Signed a definitive agreement for the sale of its 70% share in Palas Holding
GmbH as well as its subsidiaries (together “Palas”) to the Swedish
technology and industrial group Indutrade AB
* The sale is based on a valuation of Palas of €100 million
* Parties have also agreed on two forward-looking tranches of the purchase
price (“earn-out”), which are being paid dependent on the adjusted EBIT of
Palas in 2023 and 2024
* Closing of the transaction is scheduled to take place at the same day of
today’s signing of the contract
* Outlook now sees FY adjusted revenue at EUR 130-135 million.
* With respect to the adjusted EBITDA margin Brockhaus Technologies confirms
the previous forecast of 35%