sur Société Industrielle Et Financière De L'Artois (EPA:ARTO)
Half-year results and proposed public withdrawal offer of SIF Artois
On September 12, 2024, Société Industrielle et Financière de l'Artois announced its results for the first half of 2024. Consolidated revenue reached €77 million, up 6%, thanks to the performance of Automatic Systems (AS) which offset the decline in IER sales. Operating income stood at -€6 million compared to -€7 million in 2023, as the effects of a cyber attack were absorbed. However, net income fell to €7 million compared to €17 million the previous year.
Furthermore, the company acknowledges the proposed public buyout offer followed by a mandatory squeeze-out announced by Bolloré SE. The offer provides for two options: a cash buyout at €9,300 per share or an exchange for 407 Universal Music Group (UMG) shares per SIF Artois share. Accuracy has been appointed as an independent expert to assess the fairness of this offer. The Board of Directors will decide upon receipt of the expert's report.
The half-yearly financial report is available on the company's website, as well as from the Financial Markets Authority.
R. E.
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