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OFFON

PORSCHE AUTOMOBIL HOLDING SE

(PAH3)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 12/01 07:52:00 am
76.79 EUR   +3.52%
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Porsche Automobil : Bridgepoint buys majority stake in traffic software specialist from Porsche SE

10/19/2021 | 07:24am EST
People are silhouetted at the Porsche annual meeting in Stuttgard

FRANKFURT (Reuters) - Private equity company Bridgepoint Group has agreed to buy a majority stake in traffic and transport software maker PTV Group from parent Porsche SE for an undisclosed sum.

Porsche SE, the largest shareholder in Volkswagen, said it would keep a 40% stake in the unit, whose software is being used by more than 2,500 cities and municipalities worldwide.

"It is Bridgepoint's fundamental goal to invest in successful, sustainable companies in growth markets," said Carsten Kratz, partner and head of Germany, Austria and Switzerland at Bridgepoint.

"With PTV, we are now gaining a leading global company for our portfolio that enables cities, municipalities and other organizations to meet the social, environmental and economic demands of our time."

Kratz also said PTV would be a platform to make further acquisitions in the field of smart mobility management and to grow inorganically.

In the last financial year PTV's operating profit stood at 5.3 million euros ($6.2 million) on sales of 108 million euros. It employs roughly 900 staff.

"With Bridgepoint and their buy-and-build expertise, we have now found the right partner to lead PTV together with the management team ... into a very successful future," Porsche SE board member Lutz Meschke said.

($1 = 0.8581 euros)

(Reporting by Christoph Steitz and Ilona Wissenbach; Editing by Jan Harvey)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
PORSCHE AUTOMOBIL HOLDING SE 3.42% 76.74 Delayed Quote.31.52%
VOLKSWAGEN AG 3.60% 167.58 Delayed Quote.6.06%
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Financials
Sales 2021 117 M 133 M 133 M
Net income 2021 4 065 M 4 604 M 4 604 M
Net cash 2021 364 M 412 M 412 M
P/E ratio 2021 5,56x
Yield 2021 4,55%
Capitalization 22 718 M 25 606 M 25 735 M
EV / Sales 2021 190x
EV / Sales 2022 169x
Nbr of Employees 888
Free-Float 50,0%
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Porsche Automobil Holding SE Technical Analysis Chart | PAH3 | DE000PAH0038 | MarketScreener
Technical analysis trends PORSCHE AUTOMOBIL HOLDING SE
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 12
Last Close Price 74,18 €
Average target price 115,18 €
Spread / Average Target 55,3%
EPS Revisions
Managers and Directors
Hans Dieter P÷tsch Chairman-Management Board
Wolfgang Porsche Chairman-Supervisory Board
Lutz Meschke Head-Investment management
Ulrich Lehner Member-Supervisory Board
Ferdinand Oliver Porsche Member-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
PORSCHE AUTOMOBIL HOLDING SE31.52%25 606
TOYOTA MOTOR CORPORATION25.74%244 415
VOLKSWAGEN AG6.06%119 528
DAIMLER AG43.62%100 086
GENERAL MOTORS COMPANY38.98%84 019
FORD MOTOR COMPANY118.32%76 688