Brief: Sogefi Says FY Ebitda, Totalling EUR 221.4 Mln, Rose By +13.5%, With An Ebitda Margin Of 16.6%

Sogefi SpA

23/02/2024 18:14

Feb 23 (Reuters) - Sogefi SpA  SGFI.MI :
    * PROPOSED DIVIDEND: € 0.20 PER SHARE
    * PUT OPTION AGREEMENT SIGNED IN SOGEFI’S FAVOUR FOR SALE OF
THE
FILTRATION DIVISION
    * FY EBITDA, TOTALLING EUR 221.4 MILLION, ROSE BY +13.5%,
WITH AN
EBITDA MARGIN OF 16.6%
    * FOR 2024 IT IS EXPECTED  FOR ALL OF THREE DIVISIONS
CURRENTLY
COMPRISING GROUP  THAT THERE WILL BE SINGLE-DIGIT REVENUE GROWTH
    * THE FILTRATION DIVISION WILL OPERATE UNDER THE NAME OF
PURFLUX
GROUP IN  THE EVENT OF THE TRANSACTION BEING COMPLETED
    * SOGEFI-AS PER TERMS OF THE PUT OPTION AGREEMENT, SOGEFI
GRANTED
CARTA US AND CARTA FRANCE A SIX-MONTH PERIOD OF EXCLUSIVITY TO
COMPLETE THE TRANSACTION
    * DEAL IS IN ANY CASE SUBJECT TO OBTAINING FDI AUTHORIZATION
IN
SLOVENIA AND ANTITRUST AUTHORIZATION IN MOROCCO
    * IN EVENT OF DECONSOLIDATION OF FILTRATION DIVISION AN
INCREASE
IN OPERATING PROFITABILITY AND A POSITIVE NET RESULT IS EXPECTED
IN 2024
    * TRANSACTION SHOULD BE FINALIZED WITHIN SIX MONTHS OF
TODAY'S
DATE
    * HAS SIGNED A PUT OPTION AGREEMENT WITH US INVESTMENT FUND
PACIFIC AVENUE

Source text for Eikon:  ID:nBIA2t4kTr 
Further company coverage:  SGFI.MI 

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