15.04.2020 Nexway AG  DE000A2E3707

DGAP-Adhoc: Nexway AG sells Swiss subsidiary Nexway Group AG including French Nexway SAS and certain restructuring measures will be proposed to the Annual General Meeting


DGAP-Ad-hoc: Nexway AG / Key word(s): Restructure of Company/AGM/EGM
Nexway AG sells Swiss subsidiary Nexway Group AG including French Nexway SAS and certain restructuring measures will be proposed to the Annual General Meeting

15-Apr-2020 / 22:10 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Insider Information pursuant to Article 17 of the Market Abuse Regulation (MAR)

Nexway AG sells Swiss subsidiary Nexway Group AG including French Nexway SAS and certain restructuring measures will be proposed to the Annual General Meeting

April 15, 2020, Karlsruhe (Germany) - Nexway AG (Ticker Symbol: NWAY, ISIN: DE000A2E3707, WKN: A2E370) approved today a comprehensive reorganization plan. The Company's overall objective is to realign its business portfolio, to narrow the focus on profitable growth in the global educational space and to divest most of its non-essential eCommerce Services operations.

In this context, Nexway AG completed today the sale of the 100% ownership interest in its Swiss subsidiary Nexway Group AG (including Nexway SAS, the French operation held through Nexway Group AG, and the Nexway tradename) to an unrelated, third party for an aggregate cash consideration of EUR 2 million. This business had been originally acquired by Nexway AG for EUR 500,000 in January 2019, and is now sold with a 300% return on original equity investment.

Furthermore, the Management Board of Nexway AG has made the decision today to call the annual general meeting ("AGM") by the end of May or beginning of June. In the course of the AGM the Management Board and the Supervisory Board will i.a. propose to the shareholders to approve a further reorganization and strategic refocus including the following items:

The shareholders will be proposed to approve the spin-off of the Academics business unit into a wholly owned newly established operating subsidiary of Nexway AG, as well as the German eCommerce Services business unit including technology, licenses, clients and employees into an existing wholly owned subsidiary, both subsidiaries established and operated under the German laws (GmbH). The Management Board then intends to sell 75% of the newly established eCommerce services subsidiary to its majority shareholder Facebank Group and thus to complete divestment of the eCommerce services operations, shifting focus on the profitable core business in the educational sector in the future.

The new eCommerce Services company - with a minority shareholding of 25% remaining with Nexway AG - would essentially be committed to support the international operations of the majority shareholder Facebank Group Inc (currently being renamed into FuboTV Inc following completion of Facebank/FuboTV merger on April 1, 2020), and will continue to provide payment and merchant of record services to both third party customers and FuboTV, one of the fastest growing OTT content streaming platforms in the United States today.

Subject to the approval of the shareholders, this new company in which Nexway AG will hold a minority interest will continue to serve all of the existing eCommerce Services clients of Nexway AG and is expected to become operational as of July 1, 2020.

Furthermore, a transfer of the headquarters of Nexway AG, which would act as a holding company, to a new to be confirmed location in Germany as well as a name change of Nexway AG to reflect its new primary focus on educational markets will be proposed to the shareholders.

As part of the overall reorganization concept, CEO Victor Iezuitov resigned as Member of the Management Board today with effect of the end of 30 April 2020. From 1 May 2020 on Norman Hansen, currently COO of the company, will be the new CEO and sole Member of the Management (Alleinvorstand).

Further communication including a detailed AGM agenda and proposed decisions will follow later this month. The consolidated financial report is expected to be published by the end of April 2020.


Norman Hansen (COO)
Phone: +49(0)721/96458-0
Email: investors@nexway.com

15-Apr-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language: English
Company: Nexway AG
Vincenz-Priessnitz-Str. 3
76131 Karlsruhe
Phone: +49 (0)721 / 964 58-0
Fax: +49 (0)721 / 964 58-99
E-mail: investors@nexway.com
Internet: https://www.nexway.com
ISIN: DE000A2E3707
WKN: A2E370
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Munich, Stuttgart
EQS News ID: 1022557

End of Announcement DGAP News Service

1022557  15-Apr-2020 CET/CEST


Die wichtigsten Finanzdaten auf einen Blick
  2013 2014 2015 2016 2017 2018 2019 2020e
Umsatzerlöse1 82,21 89,38 73,32 68,72 66,16 85,84 84,31 0,00
EBITDA1,2 0,38 0,24 0,22 -1,54 1,00 -0,26 -1,78 0,00
EBITDA-Marge3 0,46 0,27 0,30 -2,24 1,51 -0,30 -2,11 0,00
EBIT1,4 0,24 0,11 0,09 -1,69 0,59 -1,86 -2,62 0,00
EBIT-Marge5 0,29 0,12 0,12 -2,46 0,89 -2,17 -3,11 0,00
Jahresüberschuss1 0,23 0,10 0,08 -2,50 0,07 -1,83 -2,67 0,00
Netto-Marge6 0,28 0,11 0,11 -3,64 0,11 -2,13 -3,17 0,00
Cashflow1,7 -1,41 3,68 -2,18 0,36 0,61 -0,09 -1,83 0,00
Ergebnis je Aktie8 0,40 0,20 0,20 -4,90 0,03 -6,50 -2,04 -0,35
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2019 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Ebner Stolz

Asknet Solutions
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A2E370 11,000 Halten 14,38
KGV 2021e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
28,95 0,00 0,000 -7,61
9,95 - 0,17 -9,451
Dividende '19 in € Dividende '20e in € Div.-Rendite '19e
in %
0,00 0,00 0,00 14.08.2020
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
Sept. 2020 08.06.2020
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
23,66% 25,69% 12,24% -16,67%
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IT-Services , A2E370 , NWAY , XETR:ASKN