HLE Glascoat Limited has informed the Exchange about Transcript of Earnings Call on Acquisition of Omeras GmbH
HLEGLAS · price
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Awaiting price reaction for this filing.
HLE Glascoat has completed the acquisition of specific assets of Germany's OMERAS GmbH (and its subsidiary OMERAS Store GmbH) for €2.75 million (approx Rs 27.5 crores), financed entirely from internal accruals with no debt added. The acquired business posted €21.9 million revenue in 2024 with strong 54.3% gross margins but compressed 4% EBITDA due to pandemic and energy cost headwinds. Management expects OMERAS to turn profitable within 3-4 quarters, deliver €20-25 million revenue in FY27, and achieve mid-teen EBITDA margins comparable to its Thaletec business. Order book stands at €7 million (partially executed) with €28 million under negotiation, and the deal is expected to be EPS accretive within 2-3 quarters. Acquisition was done below book value with zero pension liabilities carried forward, and no major CAPEX is required given current capacity utilization is below 50%.
Positive for shareholders - value-accretive acquisition at below asset value, EPS accretive within 2-3 quarters, broadens revenue mix beyond chemical/pharma into infrastructure/biogas, and supports consolidated topline growth guidance of 16-18% (potentially 20%). Near-term stock reaction likely positive given the strategic diversification and margin improvement roadmap.