HERIGE Group today announces the financial impacts relating to the definitive sale of its Building Materials Trading, Public Works and Natural Stone businesses (VM Matériaux, LNTP and Cominex) to SAMSE Group, April 30th 2024.
The businesses sold represent a 2023 turnover of €374.8 million and 79 points of sale in Western France. The enterprise value of the scope sold is estimated using an EBITDA1 multiple. The value of the shares is calculated by deducting adjusted net debt from this enterprise value. This transaction enabled HERIGE to reduce its debt by €124.6 million, thereby improving gearing by 90 points2 and to generate a capital gain of €33.0 million, i.e., +23% in equity. This capital gain offsets a net loss of €4.4m generated pro rata temporis by the scope of consolidation sold.
This provides the Group with additional resources to support its industrial strategy.
NEXT PUBLICATION: Q2 2024 turnover on July 23, 2024 (after the close of trading)
All our financial communications are available on our website: www.groupe-herige.fr/en
About HERIGE
HERIGE focuses on two sectors of the building industry: the Concrete Industry and Industrial Joinery. HERIGE is a multi-regional group of Vendée origin, with a workforce of almost 2,000 employees, present in mainland France, Canada and overseas.
HERIGE is listed on Euronext Growth
PEA/PME eligible
Indices: EURONEXT FAMILY BUSINESS, EURONEXT GROWTH ALL SHARE, ENTERNEXT©PEA-PME 150
ISIN FR0000066540, Ticker: ALHRG, Reuters ALHRG.PA
| CONTACTS HERIGE Benoît Hennaut - Chairman of the Executive Board Caroline Lutinier - Head of Group Communication & CSR Tel.: +33 (0)2 51 08 08 08 E-mail: communication@groupe-herige.fr | ACTUS finance & communication Corinne Puissant - Analyst/Investor Relations Tel.: +33 (0)1 53 67 36 77 - E-mail: cpuissant@actus.fr Serena Boni - Press Relations Tel.: +33 (0)4 72 18 04 92 - E-mail: sboni@actus.fr |
1Operating profit + net depreciation and amortization
2Compared to 31/12/2023, i.e. a gearing of 107% and shareholders' equity of €145.4m
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https://www.actusnews.com/documents_communiques/ACTUS-0-86789-herige_samse_impact_fi_vuk_vdef_110724.pdf
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