Brief: SP Group Acquires Neptun Plast And Atlantic Floats Denmark

SP A/S

14/07/2021 10:25

July 14 (Reuters) - SP Group A/S  SPGP.CO :
    * REG-SP GROUP A/S ACQUIRES NEPTUN PLAST A/S AND ATLANTIC
FLOATS
DENMARK A/S
    * HAS AGREED WITH OWNERS OF NEPTUN PLAST A/S AND ATLANTIC
FLOATS
DENMARK A/S TO ACQUIRE BOTH COMPANIES SITUATED IN VORDINGBORG,
DENMARK, INCLUDING TAKEOVER OF DEBT (ENTERPRISE VALUE) OF UP TO
DKK 35 MILLION
    * SP GROUP A/S - BUYER IS SP MOULDING A/S, A SUBSIDIARY OF
SP
GROUP A/S.
    * SP GROUP IS FINANCING THE ACQUISITION OF NEPTUN PLAST A/S
AND
ATLANTIC FLOATS DENMARK A/S BY OWN MEANS
    * THE ACQUISITION OF THE TWO COMPANIES IS NOT EXPECTED TO
HAVE ANY
EFFECT ON THE OUTLOOK FOR 2021 AS STATED PREVIOUSLY: A GROWTH IN
REVENUE IN 2021 OF 4-12 % WITH AN EBITDA MARGIN OF 16.0-18.0 %
AND AN EBT MARGIN OF 9-12 %.

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

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