acquisition of Sellier & Bellot boost to revenue, EBITDA

Colt CZ SE

19/12/2023 15:17

Dec 19 (Reuters) - Colt CZ Group SE  CZG.PR :
    * COLT CZ GROUP: 2023 EBITDA OF SELLIER & BELLOT, WHICH IT
HAS
AGREED TO ACQUIRE, EXPECTED TO REACH CZK 2.1 BILLION, VERSUS CZK
1.6 BILLION IN 2022 -PRESENTATION
    * COLT CZ GROUP: SELLIER & BELLOT TRANSACTION WILL BE HIGHLY
ACCRETIVE TO COLT CZ IN TERMS OF REVENUE, EBITDA
    * COLT CZ GROUP: COMBINED PRO FORMA POST-ACQUISITION NET
LEVERAGE
EXPECTED WELL BELOW 3.5X NET DEBT/EBITDA
    * COLT CZ GROUP: CASH GENERATIVE BUSINESS OF BOTH COMPANIES
WILL
ALLOW LEVERAGE REDUCTION GOING FORWARD -PRESENTATION

Source text for Eikon:  ID: 
Further company coverage:  CZG.PR 

 ((jason.hovet@thomsonreuters.com;))