Brief: Talenom Buys Balance-Team Oy And Raises Net Sales Guidance

Talenom

15/04/2021 11:48

April 15 (Reuters) - Talenom Oyj  TNOM.HE :
    * REG-TALENOM STRENGTHENS ITS BUSINESS IN THE FINANCIAL
MANAGEMENT
OF ASSOCIATIONS BY ACQUIRING BALANCE-TEAM OY AND RAISES ITS NET
SALES GUIDANCE
    * SHARE CAPITAL OF BALANCE-TEAM OY WILL BE TRANSFERRED TO
TALENOM
ON 15 APRIL 2021.
    * ACQUIRED COMPANY WAS FORMED ON 1 APRIL 2021 IN A DEMERGER
    * NEW GUIDANCE FOR 2021 NET SALES FOR 2021 ARE EXPECTED TO
AMOUNT
TO 80-84 MILLION EUROS AND OPERATING PROFIT IS EXPECTED TO BE
14-16 MILLION EUROS.
    * NEW GUIDANCE FOR 2021 NET SALES FOR 2021 ARE EXPECTED TO
AMOUNT
TO 80-84 MILLION EUROS AND OPERATING PROFIT IS EXPECTED TO BE
14-16 MILLION EUROS
    * NET SALES OF TRANSFERRED ACCOUNTING BUSINESS FOR FINANCIAL
YEAR
ENDED 31 DECEMBER 2020 WERE 2.7 MILLION EUROS
    * PREVIOUS GUIDANCE FOR 2021 ACCORDING TO PREVIOUS GUIDANCE
PUBLISHED ON 18 MARCH 2021, NET SALES FOR 2021 WERE EXPECTED TO
AMOUNT TO 78-82 MILLION EUROS AND OPERATING PROFIT WAS EXPECTED
TO BE 14-16 MILLION EUROS.
    * TRANSACTION PRICE IS 5.3 MILLION EUROS, OF WHICH 2.65
MILLION
EUROS WILL BE PAID IN CASH AND 2.65 MILLION EUROS IN SHARES.
    * POTENTIAL ADDITIONAL PURCHASE PRICE, IF OPERATIONAL AND
FINANCIAL TARGETS ARE REACHED, IS 0.7 MILLION EUROS AT MAXIMUM.
    * POTENTIAL ADDITIONAL PURCHASE PRICE, IF OPERATIONAL AND
FINANCIAL TARGETS ARE REACHED, IS 0.7 MILLION EUROS AT MAXIMUM.

Source text for Eikon:  ID:nGNE6pVzFb 
Further company coverage:  TNOM.HE 

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