News dalla rete ITA

29 Settembre 2022

Singapore

SATS TO BECOME WORLD’S LARGEST CARGO HANDLER WITH $1.64 BIL ACQUISITION OF CARGO

Airline ground handler and food catering services provider SATS plans to acquire the world’s largest air cargo handling firm, Worldwide Flight Services (WFS), for EUR1.19 billion ($1.64 billion) in cash.   With WFS's enterprise value standing at EUR2.25 billion, the transaction implies an EV/ebitda multiple of 9.7x.   For the year ended March 31, WFS generated revenue of EUR1.72 billion and an ebitda of EUR 232 million.   SATS says that on a pro forma basis as of March 31, it would be immediately financially accretive, raising earnings per share by 78% from 1.8 Singapore cents as reported in FY2022 to 3.2 cents on a pro forma basis, and increasing FY2022 pro forma revenue by more than 200%.     https://www.theedgesingapore.com/news/ma/sats-become-worlds-largest-cargo-handler-164-bil-acquisition-cargo-handling-firm-wfs   (ICE SINGAPORE)


Fonte notizia: The Edge Singapore, 28 Sept 2022