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Sale of "exceet electronics" activities

Publication of inside information in accordance with section 17 MAR

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
without
exceet electronics
Q1 2018 Report
Net Sales
EBITDA ¹
EBITDA in % of Net Sales¹
Net Profit
22.1 million
2.7 million
12,3%
1.1 million
38.0 million
3.1 million
8,2%
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.