Elektrobit Oyj: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Elektrobit Oyj Completes Divestment of Test Tool Product Business to Anite Plc
Dow Jones reported that Elektrobit Oyj announced that the sale of Elektrobit's (EB) Test Tools product business to Anite plc (Anite) has been completed on January 31, 2013. The cash consideration paid by Anite to EB as a result of the Transaction was EUR 31.0 million on a cash and debt free basis, subject to a post completion adjustment based upon the level of net working capital and cash and debt in the Test Tools product business on January 31, 2013. The closing of the Transaction results in a non-recurring net profit of about EUR 23 million in the first quarter of 2013, and non-recurring net cash flow of about EUR 28 million, in the first half of 2013. EB announced the transaction in its stock exchange release on January 28, 2013.
Latest Developments for Elektrobit Oyj
- Elektrobit issues FY 2014 outlook in line with analysts' estimates
- Elektrobit raises FY 2013 operating result guidance and specifies FY 2013 net sales outlook
- Elektrobit Oyj Temporarily Lays Off 150 Employees
- Elektrobit Oyj Updates on FY 2013 Financial Guidance and Issues H2 2013 Operating Result Guidance
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