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    APPS   ES0105022000

APPLUS SERVICES, S.A.

(APPS)
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Delayed Bolsas y Mercados Espanoles  -  11:38:00 2023-01-27 am EST
7.055 EUR   +0.79%
01/26Spain's Applus Offloads US Vehicle Inspection Unit
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01/26Applus Services S A : + sells its vehicle inspection business in the US
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01/26Applus Services S A : Disposal of vehicle Inspection Business in the US
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Applus Services S A : + acquires jtsec to advance its strategy in the face of increasing cybersecurity demands

07/18/2022 | 03:44am EST
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Applus+ reinforces its cybersecurity services to meet the increasing demand boosted by devices connected to the net.

Applus is pleased to announce the acquisition of jtsec, a cybersecurity certification company. This acquisition reinforces Applus+ capacity to meet the increasing demand for products and systems requiring cybersecurity services driven by the Internet of Things (IoT).

The volume of devices connected to the internet is fast growing and reaches all aspects of life including payment systems, routers, vehicles and consumer products. Cybersecurity assessment of these products is increasingly necessary. Applus+ bought Lightship in February, a leading provider of cybersecurity product certification services based in North America, and now acquires jtsec to reinforce its cybersecurity capabilities in the face of these new opportunities.

jtsec is a fast-growing company with an innovative approach to IT product certification and assurance. It is well-positioned to meet the rapid growth in the industry. The managers of jtsec are well-connected to the industry and participate in several European forums that set the path of cybersecurity regulation.

Applus+ Laboratories is an important provider of testing and certification services for sectors like Aerospace, Automotive, Electronics, IT and Construction. It has approximately 2,000 employees and offers its services on a global scale from its network of laboratories, located in Europe, Asia and North America.

In cybersecurity, Applus+ Laboratories provides assessment and certification services for high assurance products: electronic ID and passports, electronic payment systems and telecommunications. This latest acquisition is aligned with its strategic plan to gain strength in key technologies to support clients in the worldwide technological change derived from connectivity, energy transition and electrification.

Jordi Brufau, Executive Vice President of the Laboratories division, says: "jtsec is well-known in the sector for its outstanding professionals. We are extremely pleased to have them onboard to face together the upcoming challenges in the fast expanding world of the Internet of Things".

About the Applus+ Group

Applus+ is a worldwide leader in the testing, inspection and certification sector for its technical capabilities, innovative approach, and its workforce of over 25,000 employees in more than 70 countries. It is a trusted partner, enhancing the quality and safety of its clients' assets and infrastructures while safeguarding their operations.

The company sets ESG (Environmental, Social and Governance) targets every year and monitors their fulfilment. These actions have attracted external recognition from: S&P Global (54, 81% percentile), Sustainalytics (15.6, "Low risk"), MSCI ESG Ratings (AA), from the CDP (B), from Gaïa (71/100) and the inclusion of Applus+ within the FTSE4Good Index Series of Ibex.

ISIN: ES0105022000 
Symbol: APPS-MC 

For more information visit www.applus.com

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Disclaimer

Applus Services SA published this content on 18 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 July 2022 07:43:06 UTC.


ę Publicnow 2022
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Financials
Sales 2022 2 002 M 2 173 M 2 173 M
Net income 2022 53,0 M 57,5 M 57,5 M
Net Debt 2022 758 M 823 M 823 M
P/E ratio 2022 17,6x
Yield 2022 2,26%
Capitalization 959 M 1 041 M 1 041 M
EV / Sales 2022 0,86x
EV / Sales 2023 0,78x
Nbr of Employees -
Free-Float 94,3%
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Number of Analysts 14
Last Close Price 7,06 €
Average target price 9,02 €
Spread / Average Target 27,8%
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Managers and Directors
Joan Amigˇ i Casas Chief Executive Officer & Executive Director
Julian Jose de Unamuno Moreno Chief Financial Officer
Christopher Cole Independent Non-Executive Chairman
Pablo Filgueira Head-Engineering
Anna DÝaz Compliance Officer
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