Brief: Flugger Group Buys Majority Stake In Unicell

Flugger A/S

25/11/2019 11:01

Nov 25 (Reuters) - Flugger group A/S  FLUGb.CO :
    * BUYS MAJORITY STAKE IN UNICELL
    * ENTERS DEAL TO BUY 60% OF SHARES IN UNICELL POLAND SP. Z
O.O.
    * PURCHASE PRICE FOR 60% OF SHARES IN DKK 87 MILLION
    * FLUGGER - ACQUISITION OF UNICELL IS EXPECTED TO POSITIVELY
AFFECT CO'S REVENUE WITH ABOUT DKK 50 MILLION IN 2019/20
    * EXPECTS NO CHANGE IN EBIT-MARGIN FOR 2019/20
    * KEEPS AMBITION FOR SALES OF DKK 2 BILLION AND EBIT MARGIN
OF
MINIMUM 6% IN 2020/21
    * FLUGGER GROUP - STRATEGIC ONE-OFF COSTS ARE EXPECTED TO
RISE TO
ABOUT DKK 25 MILLION VERSUS DKK 15 MILLION INDICATED IN 2018/19
ANNUAL REPORT

Source text for Eikon:  ID:nGNE5y3CSk 
Further company coverage:  FLUGb.CO 

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