29.06.2018
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DGAP-Adhoc: exceet Group SE: Sale of 'exceet electronics' activities
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.
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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: [email protected]
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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29-Jun-2018 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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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: [email protected]
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
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700271 29-Jun-2018 CET/CEST
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