Publication of inside information in accordance with section 17 MAR
Ad hoc Announcement
Sale of "exceet electronics" activities
Grevenmacher, 29 June 2018 - exceet Group SE ("exceet") signed a contract today with the Austrian S&T Group to sell its "exceet electronics" activities. The "exceet electronics" activities are part of exceet's business segment "Electronic Components, Modules & Systems (ECMS)" and includes the operating locations in Grossbettlingen (Germany), Ebbs (Austria) and Rotkreuz (Switzerland). The completion of the transaction is subject to clearance by the appropriate cartel authorities. The agreed purchase price amounts to EUR 30 to 31 million depending on certain balance sheet positions.
"exceet electronics" activities generated revenues of EUR 55.8 million and an operating loss (EBITDA) of EUR 0.8 million in the financial year 2017.
Without the "exceet electronics" activities the exceet Group would have achieved the following results in the first quarter 2018:
(In EUR) | Pro Forma | Q1 2018 |
Q1 2018 without | Report | |
exceet electronics | ||
Net Sales | 22.1 million | 38.0 million |
EBITDA1) | 2.7 million | 3.1 million |
EBITDA in % of Net Sales1) | 12.3% | 8.2% |
Net Profit | 1.1 million | 0.8 million |
With this step, exceet continues to consequently focus on optimizing the value of its electronic investments.
1) See page 27-29 "19. Alternative Performance Measures (APM)" of the Interim Report for the first quarter 2018http://www.exceet.com/fileadmin/exceet/downloads/ir/q_bericht/exceet_Group_Q1_2018_Quarterly_Report.pdf#page=27
exceet Group SE - Ad hoc Announcement 29 June 2018
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For further information:
Wolf-Günter Freese, CEO & CFO - Email:investor.relations@exceet.lu exceet Group SE 17, rue de Flaxweiler L-6776 Grevenmacher Luxembourg
Telephone +352 2838 4720
ISIN: LU0472835155 WKN: A0YF5P
Listed: Regulated Market of the Frankfurt Stock Exchange (Prime Standard)
About exceet exceet is a listed holding company focusing on technology corporations within the healthcare and electronics markets.
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exceet Group SE published this content on 29 June 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 29 June 2018 14:33:06 UTC