Brief: Unidata Says Sale And Purchase Agreement Signed Between Unidata And TWT Group For Of An Enterprise Value Of Euro 58 Mln

Unidata SpA

25/11/2022 18:03

Nov 25 (Reuters) - Unidata SpA  UD.MI :
    * 
    * UNIDATA - 2025 TARGETS FEATURING SIGNIFICANT ACCELERATION
OF
ORGANIC GROWTH, DRIVEN BY THE THREE MAJOR PROJECTS - UNICENTER,
UNIFIBER AND UNITIRRENO
    * UNIDATA SPA -  BOARD EXAMINED FORECAST EARNINGS FOR FY22
AND THE
UPDATE OF THE BUSINESS PLAN WITH THE EXTENSION OF THE TARGETS TO
2025
    * UNIDATA - COMBINED TARGETS TO 2025, TURNOVER: BETWEEN EUR
128
MILLION AND EUR 134 MILLION
    * UNIDATA - SALE AND PURCHASE AGREEMENT SIGNED BETWEEN
UNIDATA AND
THE SELLING SHAREHOLDERS OF THE TWT GROUP FOR OF AN ENTERPRISE
VALUE OF € 58.0 MILLION
    * THE ACQUISITION WILL BE FINANCED THROUGH THE USE OF THE
EXISTING
CASH AND CASH EQUIVALENTS OF UNIDATA
    * UNIDATA SPA - COMBINED TARGETS TO 2025, EBITDA BETWEEN €
34 AND
36 MILLION
    * UNIDATA - COMBINED TARGETS TO 2025, EBITDA MARGIN BETWEEN
26%
AND 27%
    * UNIDATA - COMPLETION OF THE ACQUISITION, EXPECTED BY
MID-FEBRUARY 2023
    * UNIDATA - AS OF 31 DEC 2022, REVENUES EXPECTED € 51.8
MILLION
WITH GROWTH OF APPROX 40%  COMPARED TO 2021 AND AN EBITDA MARGIN
EXPECTED TO BE 29%

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