Brief: Ordissimo Acquires US Connected Photo Frames Company Pix Star
03/01/2022 07:41
Jan 3 (Reuters) - Ordissimo SA ALORD.PA :
* ORDISSIMO ACQUIRES PIX STAR, A LEADER IN CONNECTED PHOTO
FRAMES
* VERY STRONG REVENUE GROWTH EXPECTED IN 2022
* THIS ACQUISITION WILL BE ACCRETIVE TO ORDISSIMO'S EARNINGS
FROM
2022
* HOWEVER, THE FULL POTENTIAL OF THIS ACQUISITION WILL BE
REACHED
IN 2025 GIVEN THE IMPACT OF THE COST OF THE LICENCE ON THE NET
MARGIN UNTIL END 2024
* THIS ACQUISITION, THE PRICE OF WHICH REMAINS CONFIDENTIAL,
IS
BEING CARRIED OUT PARTLY THROUGH A BANK LOAN AND PARTLY THROUGH
THE CAPITAL INCREASE TO BE CARRIED OUT IN DECEMBER 2021
Source text for Eikon: ID:nEQbmbrwxa
Further company coverage: ALORD.PA
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