Arbonia divests the Climate Division for EUR 760 million to Midea - Seite 3

Future orientation of Arbonia
With this transaction, Arbonia is focusing its strategy on its doors business. The Doors Division continues to work towards the goal of expanding its leading position as a Central and Eastern European supplier of wooden doors and glass solutions. Based on the largely complete investment programme for capacity and productivity increases as well as by increasing market shares in its domestic and neighbouring target markets, the division is aiming for above-average market growth in the future. Building on the investments made as well as with the aid of digital solutions, the division is positioning itself as an innovative full-range supplier. Firstly, it will continue growing organically, and secondly, it will make acquisitions that will help to establish a broader position both geographically and with regards to product variety. This leads to an investment case with a medium-term revenue target of around CHF 900 million with an EBITDA margin of ~15 % and high free cash flows. Further KPIs will follow at the Capital Markets Day to be held before the closing of the transaction. 

Advisors
Jefferies and UBS are acting as joint financial advisers, and Baker McKenzie is acting as the legal advisor for Arbonia. Goldman Sachs is acting as exclusive financial advisor, and Freshfields Bruckhaus Deringer LLP is acting as legal advisor, to Midea Group.

Contact
Fabienne Zürcher
Head Corporate Communications & Investor Relations
T [phone]
[e-mail]

News Source: Arbonia AG

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End of Inside Information

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Language:	English
Company:	Arbonia AG
	Amriswilerstrasse 50
	9320 Arbon
	Switzerland
Phone:	[phone]
E-mail:	[e-mail]
Internet:	www.arbonia.com
ISIN:	CH0110240600
Listed:	SIX Swiss Exchange
EQS News ID:	1883183