Brief: R&S Group Agrees To Acquire Kyte Powertech For Enterprise Value Of Eur 250 Million

R&S Holding AG

20/08/2024 05:43

Aug 20 (Reuters) - R&S Group Holding AG  RSGN.S :
    * R&S GROUP AGREES TO ACQUIRE KYTE POWERTECH, A LEADING
MANUFACTURER OF DISTRIBUTION TRANSFORMER SOLUTIONS, TO BROADEN
GEOGRAPHIC FOOTPRINT IN IRELAND, THE UK AND WESTERN EUROPE
    * R&S GROUP  - AGREES TO ACQUIRE KYTE POWERTECH FOR AN
ENTERPRISE
VALUE OF EUR 250 MILLION
    * R&S GROUP - CONFIRMING ITS GUIDANCE ON NET SALES GROWTH
AND EBIT
MARGINS
    * R&S GROUP - FREE CASH FLOW GUIDANCE FOR 2024 IS CURRENTLY
UNDER
REVIEW DUE TO TRANSACTION COSTS RELATED TO THIS ACQUISITION
    * R&S GROUP: DIVIDEND POLICY TOWARDS A STABLE DIVIDEND OF
CHF 0.50
PER SHARE FOR 2024 AND FOR FINANCIAL YEARS 2025 AND 2026

Source text for Eikon:  ID:nEQ2nWLq9a 
Further company coverage:  RSGN.S 

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