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MarketScreener Homepage  >  Equities  >  Bolsa de valores de Sao Paulo  >  Linx S.A.    LINX3   BRLINXACNOR0

LINX S.A.

(LINX3)
  Report  
End-of-day quote. End-of-day quote Bolsa de valores de Sao Paulo - 10/21
34.01 BRL   +0.09%
10/16LINX S A : Material Fact – Acquisition of SetaDigital
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10/14LINX S A : Material Fact – Election of New CFO
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10/01LINX S A : Material Fact – New Linx Pay Hub Vice-President
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Linx S A : Material Fact – Acquisition of SetaDigital

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10/16/2019 | 07:58am EDT
News Material Fact - Acquisition of SetaDigital

São Paulo, October 16, 2019 -LINX S.A. ('Company') in compliance with the provisions of Article 157, Paragraph 4 of Law no. 6,404, of December 15, 1976, as amended and in effect ('Brazilian Corporate Law'), and CVM Instruction no. 358, of January 3, 2002, as amended, hereby announces the acquisition of all shares of SetaDigital Sistemas Gerencial Ltda. ('SetaDigital'), through the execution, today, of a Purchase and Sale of Shares Agreement by Linx Sistemas e Consultoria Ltda. ('Linx'), a subsidiary of the Company and the owners of SetaDigital.

Established in 2005, SetaDigital is a reference in ERP and POS solutions for the retail footwear sector and its expected gross revenue for 2020 is R$15 million.

For the acquisition, Linx will pay the total of R$28.0 million in cash and, additionally, subject to the achievement of financial and operational goals, for the years 2019 to 2021, will pay the amount of up to R$8.8 million.

The acquisition of SetaDigital is another step by Linx to reinforce its cross-selling strategy, which represents an important growth opportunity for the Company. In this case, the rationale is to reinforce the apparel vertical with a highly specialized product for the footwear retailers and to offer financial services (Linx Pay Hub) and Linx Digital products to the approximately 2,100 SetaDigital clients.

The acquisition was approved by the Company´s Board of Directors on the date of the Contract signing, pursuant to article 23, item (xxvii) of the Company's Bylaws, with approval Shareholders´ Meeting being waived, since this acquisition is not covered by the article 256 of the Brazilian Corporate Law (Lei das Sociedades por Ações).

IR CONTACT:

(11) 2103-1575
ri@linx.com.br

Disclaimer

Linx SA published this content on 16 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 October 2019 11:57:01 UTC

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Financials (BRL)
Sales 2019 778 M
EBIT 2019 94,2 M
Net income 2019 79,5 M
Finance 2019 675 M
Yield 2019 0,78%
P/E ratio 2019 69,8x
P/E ratio 2020 43,0x
EV / Sales2019 7,08x
EV / Sales2020 5,82x
Capitalization 6 187 M
Chart LINX S.A.
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Technical analysis trends LINX S.A.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 39,55  BRL
Last Close Price 34,01  BRL
Spread / Highest target 47,0%
Spread / Average Target 16,3%
Spread / Lowest Target -23,6%
EPS Revisions
Managers
NameTitle
Alberto Menache Vice Chairman & Chief Executive Officer
Nércio José Monteiro Fernandes Chairman
Gilsinei Valcir Hansen Vice President-Operations
Pedro Holmes Monteiro Moreira Chief Financial Officer & Investor Relations
Andelaney Carvalho dos Santos VP-Research & Development
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