26.10.2021 Compleo Charging Solutions AG  DE000A2QDNX9

DGAP-Adhoc: Compleo Charging Solutions AG to acquire innogy eMobility Solutions GmbH


 

DGAP-Ad-hoc: Compleo Charging Solutions AG / Key word(s): Takeover
Compleo Charging Solutions AG to acquire innogy eMobility Solutions GmbH

26-Oct-2021 / 17:39 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.


Disclosure of insider information pursuant to Article 17 para. (1) of Regulation (EU) No. 596/2014 on Market Abuse as amended (Market Abuse Regulation - MAR)

Compleo Charging Solutions AG to acquire innogy eMobility Solutions GmbH

Dortmund, October 26, 2021 - Compleo Charging Solutions AG ("Compleo"), a provider of charging solutions for electric vehicles, signed an agreement with the E.ON subsidiary innogy SE ("Seller") today to acquire 100% of the shares in innogy eMobility Solutions GmbH ("ieMS").

According to the agreement, Compleo is acquiring ieMS' European activities. Both the charging operator and charging solutions business that will remain with E.ON SE and ieMS' U.S. subsidiaries are excluded from the agreement.

In fiscal year 2020, the businesses that are being acquired generated revenue of approximately EUR 35 million with a loss for the year of EUR 53 million. Compleo expects ieMS to achieve further revenue growth and a significant improvement in earnings in the future as a result of extensive optimization measures that have already been identified and strong market growth that is anticipated.

The closing of the transaction is expected to take place at the turn of the year 2021/2022. The preliminary cash purchase price for the ieMS shares amounts to EUR 43 million and can be increased by a total of EUR 16 million through performance-related components (earn-out), which are payable in two installments and are dependent on the achievement of defined revenue targets in the years 2022 and 2023. Furthermore, a payment in shares will be made through the issuance of 200,000 new Compleo shares as part of a capital increase through contributions in kind, partially utilizing authorized capital. The seller has agreed to a lock-up agreement with respect to the Compleo shares to be issued in the capital increase against contributions in kind with a duration of nine months from the closing of the transaction.

ieMS is expected to have a net cash position of approximately EUR 60 million after the closing of the transaction in the first half of 2022. The seller will provide ieMS with a cash amount of EUR 10 million upon closing of the transaction and is obliged to compensate ieMS for the 2021 loss under commercial law, which is expected to be approximately EUR 50 million. In economic terms, these payments and an agreed share price of EUR 110 per Compleo share for the agreed 200,000 Compleo shares result in an expected total purchase price for ieMS of approximately EUR 21 million (Enterprise Value).

The closing of the transaction is subject to the financing of the preliminary cash purchase price. In the course of this financing and to optimize the product portfolio in the Compleo Group, Compleo is currently evaluating various financing options including the possibility of a rights issue. Established financial advisors have been mandated for this purpose.


Contact and notifying person

IR Contact
Compleo Charging Solutions AG
Sebastian Grabert, CFA
Head of Investor Relations
Email: [email protected]
Phone: +49 231 534 923 874


26-Oct-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Compleo Charging Solutions AG
Oberste-Wilms-Straße 15a
44309 Dortmund
Germany
Phone: +49 231 534 923 70
E-mail: [email protected]
Internet: https://www.compleo-cs.com/
ISIN: DE000A2QDNX9
WKN: A2QDNX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1243725

 
End of Announcement DGAP News Service

1243725  26-Oct-2021 CET/CEST

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Die wichtigsten Finanzdaten auf einen Blick
  2015 2016 2017 2018 2019 2020 2021e
Umsatzerlöse1 0,00 0,00 10,90 13,46 15,20 33,13 58,80
EBITDA1,2 0,00 0,00 0,31 -0,65 -3,22 -4,31 -8,40
EBITDA-Marge3 0,00 0,00 2,84 -4,83 -21,18 -13,01 -14,29
EBIT1,4 0,00 0,00 0,23 -0,85 -3,72 -5,00 -9,60
EBIT-Marge5 0,00 0,00 2,11 -6,32 -24,47 -15,09 -16,33
Jahresüberschuss1 0,00 0,00 0,02 -0,66 -2,58 -3,59 -10,90
Netto-Marge6 0,00 0,00 0,18 -4,90 -16,97 -10,84 -18,54
Cashflow1,7 0,00 0,00 -0,99 0,48 -2,25 -11,21 -8,50
Ergebnis je Aktie8 0,00 0,00 0,01 -0,19 -0,73 -1,33 -2,80
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2020 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: PricewaterhouseCoopers

INVESTOR-INFORMATIONEN
©boersengefluester.de
Compleo Charging Solutions
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A2QDNX 62,000 Halten 241,54
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
163,16 0,00 0,00 -155,00
KBV KCV KUV EV/EBITDA
3,77 - 7,29 -55,80
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
Hauptversammlung
0,00 0,00 0,00 15.06.2021
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
19.05.2021 15.09.2021 16.11.2021 30.04.2021
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-22,27% -25,75% -33,62% -21,72%
    
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Elektrotechnik , A2QDNX , C0M , XETR:C0M