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CNIM GROUPE

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Real-time Euronext Paris  -  10:38 2022-01-14 am EST
7.460 EUR   -1.06%
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CNIM Groupe : Group announces the sale of its subsidiary LAB

01/27/2022 | 02:28pm EDT

Regulated information - Paris, January 27th 2022

PRESS RELEASE

CNIM Group announces the sale

of its subsidiary LAB

CNIM Group announces that it has sold its remaining 51% stake in LAB to its co-partner, the German company Martin GmbH, its historical partner, after consulting the relevant employee representative bodies.

In the context of this transaction, Martin GmbH waived the balance of the bonds issued by CNIM Group.

LAB specialises in the design, construction, installation and commissioning of flue gas treatment and condensation heat recovery systems for waste-to-energy and biomass plants, power stations and industrial boilers.

About CNIM Group

CNIM Group develops, designs and builds turnkey industrial equipment with a high technological content and offers expertise, services and operations in the fields of the environment, energy, defence and industry.

Press contacts

Agence Gen-G

laurence.colin@gen-g.com tel. : +33 (0)6 49 75 47 11 frederique.vigezzi@gen-g.comtel. : +33 (0)7 88 32 05 87

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Disclaimer

CNIM - Constructions Industrielles de la Méditerranée SA published this content on 27 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 January 2022 19:27:01 UTC.


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Financials
Sales 2020 653 M 679 M 679 M
Net income 2020 -131 M -136 M -136 M
Net Debt 2020 144 M 150 M 150 M
P/E ratio 2020 -0,31x
Yield 2020 -
Capitalization 21,2 M 22,0 M 22,0 M
EV / Sales 2019 0,32x
EV / Sales 2020 0,28x
Nbr of Employees -
Free-Float 19,5%
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Louis-Roch Burgard Chief Executive Officer & Director
Régis Riviere Head-Finance
Nicolas Dmitrieff Chairman-Supervisory Board
Christophe Hamon Head-Information Systems
Frédérick Favre Secretary & Member-Supervisory Board
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