Brief: Lemonsoft Acquires Finvoicer Group, Directs Share Issue, Updates Profit Forecast

Lemonsoft Oyj

01/06/2023 08:15

June 1 (Reuters) - Lemonsoft Oyj  LEMON.HE :
    * LEMONSOFT OYJ ACQUIRES FINVOICER GROUP OY, DIRECTS A SHARE
ISSUE
AND UPDATES ITS 2023 PROFIT FORECAST
    * PURCHASE PRICE FOR SHARE CAPITAL OF FINVOICER GROUP OY IS
EUR
6.2 MILLION AND NET DEBT-FREE ENTERPRISE VALUE IS EUR 7.6
MILLION
    * PARTIES HAVE AGREED ON AN ADDITIONAL PURCHASE PRICE BASED
ON
FINVOICER'S FINANCIAL RESULTS FOR 2023-2025
    * ADDITIONAL PURCHASE PRICE AMOUNTS TO A MAXIMUM OF EUR 3.3
MILLION AND WILL BE PAID PRIMARILY IN CASH
    * ACQUISITION IS PARTIALLY FINANCED WITH A LOAN OF EUR 6.8
MILLION.
    * UPDATED PROFIT FORECAST: ESTIMATES THAT NET SALES FOR
FINANCIAL
YEAR 2023 WILL INCREASE BY 15-20 PERCENT COMPARED TO FINANCIAL
YEAR 2022
    * UPDATED PROFIT FORECAST: ADJUSTED EBIT WILL BE 25-30
PERCENT OF
NET SALES IN 2023

Source text for Eikon:  ID:nMFN5Fm1WV 
Further company coverage:  LEMON.HE 

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