Brief: Capsensixx AG Signs LOI For The Sale Of Coraixx GmbH & Co. KGaA To The Management

capsensixx AG

12/12/2019 22:56

Dec 12 (Reuters) - Capsensixx AG  CPXG.DE :
    * DGAP-ADHOC: CAPSENSIXX AG: SIGNS LOI FOR THE SALE OF
CORAIXX
GMBH & CO. KGAA TO THE MANAGEMENT
    * SEES 2020 EBITDA OF EUR 3.2  MILLION TO EUR 3.5 MILLION
    * GREGOR LANGER TO BE APPOINTED TO MANAGEMENT BOARD, SVEN
ULBRICH
LEAVES MANAGEMENT BOARD
    * CAPSENSIXX- CEO SVEN ULBRICH LEAVES MANAGEMENT BOARD OF CO
WITH
IMMEDIATE EFFECT
    * GOING FORWARD, CAPSENSIXX AG'S EARNINGS WILL NO LONGER BE
IMPACTED BY OPERATIVE LOSS-MAKING CORAIXX GMBH & CO. KGAA
    * CAPSENSIXX -  TRANSACTION TO HAVE NEGATIVE ONE-OFF EFFECT
OF
AROUND EUR 1.7 MILLION ON EARNINGS PURSUANT TO GERMAN COMMERCIAL
CODE IN Q4 2019
    * BUYOUT WILL BE A POSITIVE EFFECT OF AROUND EUR 0.2 MILLION
ON
CAPSENSIXX'S CONSOLIDATED EARNINGS (IFRS) IN Q4 2019
    * CAPSENSIXX - FOCUSSING TO RESULT IN SIGNIFICANTLY LOWER
COSTS ON
HOLDING LEVEL ALREADY FROM 2020 ONWARDS IN AMOUNT OF MORE THAN
EUR 0.5 MILLION/YEAR

Source text for Eikon:  ID:nEQ30yZpPa 
Further company coverage:  CPXG.DE 

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