SCF Technologies A/S: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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SmartGuy Group A/S Acquires German Online Sports and Fashion Retailer
SmartGuy Group A/S announced that it has acquired the assets of the Internet retail company Schmid Profi GmbH, a nine-year old German company with activities in online sports- and fashion mainly in Germany, Austria and the Czech Republic. The transaction has been structured as an asset deal excluding debt. The assets being acquired generated a turnover of DKK 98 million in 2012 with an EBITDA margin of 0%. The acquisition is a result of a reconstruction of the target company. The acquisition is expected to contribute with additional revenue of between DKK 25 million and DKK 50 million in the financial year 2013/2014. The reconstruction of the target company will include the relocation of all German logistics functions to SmartGuy Group A/S ' new warehouse in Poland. It has been agreed that a limited number of employees will continue in Germany. The assets acquired include sports- and fashion goods with a cost price of DKK 11 million and a customer base of 1.2 million customers, of whom 650,000 receive newsletters from the company. The agreed acquisition price for all assets corresponds to a total of DKK 8 million in cash contribution.
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