PBP probiotec limited
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July 1 (Reuters) - Probiotec Ltd (PBP) : ENTERED INTO AN...

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    01/07/19
    09:35
    Post #: 39314041

    July 1 (Reuters) - Probiotec Ltd (PBP) :

    • ENTERED INTO AN AGREEMENT TO ACQUIRE ABS (AUS) PTY LTD
    • TOTAL CONSIDERATION FOR ACQUISITION IS EXPECTED TO BE BETWEEN $23 MILLION TO $28 MILLION DEPENDENT ON ACHIEVEMENT OF EARN-OUT HURDLES
    • SEES EBITDA FROM CONTINUING OPERATIONS FOR FY2019 OF ABOUT $9.0 MILLION
    • SEES REVENUES TO EXCEED $100 MILLION AND EBITDA IN RANGE OF ABOUT $16 MILLION TO $17 MILLION FOR FY20 AFTER ACQUISITION IS COMPLETED
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