Brief: SP Group Acquires Coreplast Laitila

SP A/S

25/06/2019 10:46

June 25 (Reuters) - SP Group A/S  SPGP.CO :
    * REG-SP GROUP A/S ACQUIRES COREPLAST LAITILA OY
    * REG-SP GROUP A/S ACQUIRES COREPLAST LAITILA OY
    * AS A CONSEQUENCE OF ACQUISITION OUTLOOK FOR YEAR 2019 IS
UPGRADED.
    * TOTAL PRICE INCLUDING TAKEOVER OF DEBT (ENTERPRISE VALUE)
UP TO
DKK 70 MILLION
    * MIKKO TOIVONEN STAYS ON AS CHIEF EXECUTIVE OFFICER AND
KAUKO
KÄMÄRÄINEN STAYS ON AS SALES DIRECTOR AT COREPLAST OY
    * AS A CONSEQUENCE OF ACQUISITION OUTLOOK FOR YEAR 2019 IS
UPGRADED
    * SP GROUP FINANCES THE ACQUISITION OF COREPLAST BY DEBT
    * NO NEW SHARES WILL BE ISSUED BECAUSE OF THE ACQUISITION
    * IS NOW EXPECTING A 2019 REVENUE AT THE LEVEL OF DKK 2.0 –
2.1
BILLION (PREVIOUSLY: AT THE LEVEL OF DKK 2 BILLION) WITH A
RESULT BEFORE TAXES AT THE LEVEL OF DKK 200 MILLION (PREVIOUSLY:
AT THE LEVEL OF DKK 200 MILLION).

Source text for Eikon:  ID:nGNE26h4xF 
Further company coverage:  SPGP.CO 

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