DGAP-Adhoc: exceet Group SE: Sale of "exceet electronics" activities

2018. június 29., péntek, 16:06





DGAP-Ad-hoc: exceet Group SE / Key word(s): Disposal/Disposal


exceet Group SE: Sale of "exceet electronics" activities


29-Jun-2018 / 16:06 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.




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 2018

http://www.exceet.com/fileadmin/exceet/downloads/ir/q_bericht/exceet_Group_Q1_2018_Quarterly_Report.pdf#page=27



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.











29-Jun-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: exceet Group SE

17, rue de Flaxweiler

6776 Grevenmacher

Luxemburg
Phone: +352 2629 9122
Fax: +352 2629 9150
E-mail: info@exceet.ch
Internet: www.exceet.ch
ISIN: LU0472835155, LU0472839819
WKN: A0YF5P, A1BFHT
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Munich, Stuttgart, Tradegate Exchange





 
End of Announcement DGAP News Service




700271  29-Jun-2018 CET/CEST







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