Brief: AwoX To Sell Retail Activities Of Connected Lighting To EGLO Group

Veom SA

18/05/2020 06:52

May 18 (Reuters) - AWOX SA  AWOX.PA :
    * SALE OF RETAIL ACTIVITIES OF LIGHTING CONNECTE TO THE
AUSTRIAN
GROUP EGLO
    * DIVESTED SCOPE, PART OF THE AWOX HOME & TECHNOLOGIES
DIVISION,
REPRESENTED IN 2019 A TURNOVER OF 2.5 M €, OR 8% OF GROUP'S
TOTAL ACTIVITY LAST YEAR
    * THIS SALE THUS CONFIRMS OUR AMBITION TO MOVE TOWARDS A
TARGET
EBITDA MARGIN OF 10% BY 2022 - CEO
    * COMPLETION OF SALE IS EXPECTED DURING Q3 2020

Source text: https://bit.ly/3g12DOr
Further company coverage:  AWOX.PA 

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