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    REY   IT0005282865

REPLY S.P.A.

(REY)
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Reply extends its presence in banks and insurance in Germany with the acquisition of FINCON

05/24/2022 | 09:40am EDT

DGAP-News: Reply SpA / Key word(s): Mergers & Acquisitions
Reply extends its presence in banks and insurance in Germany with the acquisition of FINCON

24.05.2022 / 15:38
The issuer is solely responsible for the content of this announcement.


REPLY [EXM, STAR: REY] announces today that has signed an agreement to acquire 100% of FINCON Unternehmensberatung GmbH (www.fincon.eu) - a German consulting company leader in digital transformation projects for the banking and the insurance industry.

FINCON, headquartered in Hamburg, is a pure consulting company specialized on the core processes and systems for the financial services industry such as, mobile banking, payments, core banking, internal control system and regulatory compliance, BIPRO and insurance systems. Among the customers of FINCON there are the main German banking and insurance institutions and many of the German Sparkasse.

The investment in FINCON is part of Reply's international growth strategy, particularly in Germany, where Reply is already a leading player in consulting, system integration and digital services.

The managing directors of FINCON with the role of "Partner Reply" will focus on further developing and expanding the activities of FINCON within the Reply Group in Germany.

"FINCON - said Mario Rizzante, President of Reply - mixes a great expertise on banking and insurance processes with a constant attention to technological innovation. With FINCON our goal is to expand Reply footprint into the German banking and insurance sector with a focus on digital transformation projects an area where all the main industry players are concentrating the majority of their investments.?

Frank Dünnleder, CEO of FINCON commented: "We are very excited to be joining Reply?s network of companies as the leading consulting company for the financial services industry in Germany. The strong interest in people, culture and customer focus that characterize Reply fits perfectly with our corporate culture. As part of the Reply network, we benefit from the innovative power and creativity of the entire group, which enables us to support our customers even better and more comprehensive with cutting edge solutions and services.?

The completion of the transaction is subject to fulfilment of certain conditions, such as the clearance by the German Federal Cartel Office. Completion is expected to occur towards the end of June 2022.


REPLY
Reply [EXM, STAR: REY, ISIN: IT0005282865] is specialized in the design and implementation of solutions based on new communication channels and digital media. Reply is a network of highly focused companies supporting key European industrial groups operating in the telecom and media, industry and services, banking, insurance and public administration sectors in the definition and development of business models enabled for the new paradigms of AI, cloud computing, digital media and the Internet of Things. Reply services include: Consulting, System Integration and Digital Services. www.reply.com

FINCON
With around 450 employees, FINCON Unternehmensberatung GmbH is the consulting and solutions company specializing in banks, the savings bank financial group and the insurance industry. In the banking segment, FINCON advises major banks, the cooperative financial group and selected foreign and specialist banks on specialist, technical, process-related and project methodological issues. www.fincon.eu



REPLY

Media Contacts     Investor Relation Contacts
       
Fabio Zappelli     Riccardo Lodigiani
f.zappelli@reply.com     r.lodigiani@reply.com
Tel. +390117711594     Tel. +390117711594
       
Joerg Naruhn     Michael Lueckenkoetter
j.naruhn@reply.com     m.lueckenkoetter@reply.com
Tel. +49524150090     Tel. +49524150091017
       
       
 

May 24th, 2022

This press release is a translation, the Italian version will prevail.
 



24.05.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


1360259  24.05.2022 

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Sales 2022 1 809 M 1 837 M 1 837 M
Net income 2022 178 M 180 M 180 M
Net cash 2022 255 M 259 M 259 M
P/E ratio 2022 26,5x
Yield 2022 0,71%
Capitalization 4 784 M 4 889 M 4 859 M
EV / Sales 2022 2,50x
EV / Sales 2023 2,25x
Nbr of Employees 11 606
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Last Close Price 126,00 €
Average target price 143,68 €
Spread / Average Target 14,0%
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Tatiana Rizzante Chief Executive Officer & Executive Director
Mario Rizzante Chairman
Secondina Giulia Ravera Independent Non-Executive Director
Francesco Umile Chiappetta Independent Non-Executive Director
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