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XRO - Xero News Story

A$138.9 2.1  1.5%

Last Trade - 09/04/21

Sector
Technology
Size
Large Cap
Market Cap £10.95bn
Enterprise Value £10.91bn
Revenue £405.4m
Position in Universe 27th / 1893

BRIEF-Xero To Buy Workforce Management Platform Planday

Wed 3rd March, 2021 9:33pm
March 4 (Reuters) - Xero Ltd  XRO.AX :
    * TO ACQUIRE WORKFORCE MANAGEMENT PLATFORM PLANDAY
    * CONSIDERATION FOR ACQUISITION OF PLANDAY IS EUR 183.5
MILLION
    * DEAL, INTEGRATION AND OPERATING COSTS ANTICIPATED TO HAVE
MODEST
NEGATIVE IMPACT ON FY22 EBITDA
    * ACQUISITION IS EXPECTED TO CONTRIBUTE APPROXIMATELY 3
PERCENTAGE
POINTS OF ADDITIONAL OPERATING REVENUE GROWTH FOR XERO IN FY22
    * ABOUT 45% OF UPFRONT CONSIDERATION WILL BE PAYABLE IN
SHARES IN
CO AND 55% WILL BE SETTLED IN CASH

Source text for Eikon:  ID:nASXbDkmHC 
Further company coverage:  XRO.AX 

 ((Reuters.Briefs@thomsonreuters.com))
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