Brief: Lemonsoft Acquires Finazilla, Updates 2022 Profit Forecast

Lemonsoft Oyj

08/07/2022 11:52

July 8 (Reuters) - Lemonsoft Oyj  LEMON.HE :
    * LEMONSOFT OYJ ACQUIRES FINAZILLA OY AND UPDATES ITS PROFIT
FORECAST FOR 2022
    * COMBINED NET SALES OF ACQUIRED BUSINESSES FOR FINANCIAL
YEAR
ENDED 31 DECEMBER 2021 WERE EUR 1.2 MILLION (2020: 1.0) AND
EBITDA WAS EUR 0.2 MILLION (2020: 0.2)
    * TOTAL PURCHASE PRICE OF ACQUIRED BUSINESSES IS
APPROXIMATELY EUR
2.8 MILLION
    * ACQUIRED BUSINESSES WILL BE REPORTED AS PART OF LEMONSOFT
GROUP
AS OF JULY 2022
    * PARTIES HAVE AGREED ON AN ADDITIONAL PURCHASE PRICE BASED
ON
FINAZILLA OY'S NET SALES FOR 2022-2025
    * ADDITIONAL PURCHASE PRICE AMOUNTS TO A MAXIMUM OF EUR 1.5
MILLION

Source text for Eikon:  ID:nMFN5WtFbW 
Further company coverage:  LEMON.HE 

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