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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  DKSH Holding AG    DKSH   CH0126673539

DKSH HOLDING AG

(DKSH)
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Delayed Quote. Delayed Swiss Exchange - 10/18 11:31:55 am
46.34 CHF   -1.07%
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DKSH successfully closes acquisition of Auric Pacific's distribution business-

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03/29/2019 | 12:55am EDT

DKSH successfully closes acquisition of Auric Pacific's distribution business

DKSH has completed the acquisition of the consumer goods distribution business of Auric Pacific in Singapore and Malaysia. The transaction is the largest acquisition since the merger of DKSH in 2002 and underlines DKSH's strategy to acquire complementary and high-margin businesses.

Zurich, Switzerland, March 29, 2019 - DKSH has successfully completed the acquisition of the consumer goods distribution business of Auric Pacific in Singapore and Malaysia. With this move, DKSH increases its exposure to the high-margin food service business and expands its presence in the consumer goods industry in Asia.

DKSH announced the acquisition in December 2018 and has now closed it according to plan. Shareholders in Malaysia voted with a clear majority in favor of the transaction at the Extraordinary General Meeting late February this year. Also, all other conditions were fulfilled, and regulatory approvals obtained. The consumer goods distribution business of Auric Pacific generates net sales of around CHF 185 million with an operating profit (EBIT) of approximately CHF 14 million. DKSH is acquiring 100% of this business in Singapore and Malaysia for a consideration of around CHF 160 million.¹ The business will be fully consolidated as per April 1, 2019. By bringing together two highly successful and complementary companies, clients of DKSH and Auric Pacific can benefit from broader market coverage and regional exposure as well as gain access to a wider range of customers.

Stefan P. Butz, CEO of DKSH, said: "We are proud to close the largest acquisition since the merger of DKSH in 2002. It ideally complements our existing Consumer Goods business in Singapore and Malaysia, as it increases our exposure to the high-margin food service channels. This further strengthens the market position of DKSH and underlines our confidence for the long-term development of our Consumer Goods business. We look forward to welcoming the new employees to the DKSH family."

¹ Exchange rate Singapore dollar / Swiss franc: 1.38




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Financials (CHF)
Sales 2019 11 540 M
EBIT 2019 271 M
Net income 2019 171 M
Finance 2019 321 M
Yield 2019 4,10%
P/E ratio 2019 17,7x
P/E ratio 2020 15,7x
EV / Sales2019 0,23x
EV / Sales2020 0,22x
Capitalization 3 014 M
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Technical analysis trends DKSH HOLDING AG
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Income Statement Evolution
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Mean consensus UNDERPERFORM
Number of Analysts 6
Average target price 49,90  CHF
Last Close Price 46,34  CHF
Spread / Highest target 18,7%
Spread / Average Target 7,68%
Spread / Lowest Target 0,35%
EPS Revisions
Managers
NameTitle
Stefan P. Butz Chief Executive Officer
Adrian Thomas Keller Chairman
Bernhard Schmitt Chief Financial Officer
Andreas Willy Keller Non-Executive Director
Theo Siegert Independent Non-Executive Director
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