Brief: Matas Signs Agreement To Acquire Firtal Group

Matas A/S

29/08/2018 07:10

Aug 29 (Reuters) - Matas A/S  MATAS.CO :
    * REG-MATAS SIGNS AGREEMENT TO ACQUIRE FIRTAL GROUP APS, THE
OWNER
OF AMONG OTHERS HELSEBIXEN.DK
    * INITIAL PURCHASE PRICE OF DKK 130 M WILL BE SETTLED PARTLY
IN
CASH
    * TRANSACTION IMPLIES AN ENTERPRISE VALUE FOR FIRTAL GROUP
APS OF
DKK 130 M
    * INITIAL PURCHASE PRICE OF DKK 130 M WILL BE SETTLED PARTLY
IN
CASH (DKK 110 M) AND PARTLY IN SHARES (DKK 20 M) AT CLOSING
    * CLOSING IS EXPECTED IN Q4 OF CALENDAR YEAR 2018.
    * "WE EXPECT FIRTAL GROUP REVENUES TO GROW AT DOUBLE-DIGIT
RATES
THROUGHOUT STRATEGY PERIOD"
    * STILL EXPECTS TO BE ABLE TO PAY A DIVIDEND FOR FINANCIAL
YEAR
2018/19.
    * FINANCIAL TARGET 2018/19: TOTAL INVESTMENTS (CAPEX AND
INVESTMENTS) OF DKK 240-260 MILLION
    * FINANCIAL TARGET 2018/19: EBITDA MARGIN BEFORE SPECIAL
ITEMS
ABOVE 14.5%

Source text for Eikon:  ID:nGNE7N2DjM 
Further company coverage:  MATAS.CO 

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