(Tiper Stock Exchange) – SG Companya company active in the Entertainment&Communication sector and listed on Euronext Growth Milan, has communicated that it has finalized the closing the acquisition of a majority stake in the share capital of FM extension and to have officially started the activities of integration and collaboration between companies. The operation was announced on 9 May.
As of December 31, 2022, FMA recorded the following values: turnover of 2.9 million euros and EBITDA of 439 thousand euros. In the first half of 2023 recorded a turnover of 1.8 million euros (compared to 1.3 million in the same period of 2022) and a NFP of -828 thousand euros (positive cash).
“After the acquisitions of the MiTH and Louder companies and the significant stake in Kampaay, the acquisition of a majority stake in FMA also represents a investment in business areas complementary to the core businesswhich strengthens the presence of entrepreneurs with proven experience and ready to live a new adventure within SG Company”, commented the CFO Francesco Merone.
“As we can see from the numbers just published, theThe company is very solid with growing financials and a higher margin than that of the group. For SG Company this is obviously one of the essential parameters to be able to proceed with the integration because we believe the increase in sales volumes is important, but only if remunerated adequately. As already mentioned on previous occasions, 2023 is proceeding very well both organically and precisely thanks to the growth by acquisitions, which has now become a strategic activity for the SG Company management”.
(Photo: Towfiqu barbhuiya on Unsplash)