"Historically, Softline probably has the most extensive

[tanjimajuha20]

"Thus, at present, the number of treasury shares is over 79 million, or about 20% of the company's share capital. We have already managed to close several M&A targets that we announced in June 2024. And since the beginning of 2024, we have announced the acquisition of eight companies that will provide us with at least 50% of the announced EBITDA increase. The clear and distinct M&A strategy of PJSC Softline, which we are actively implementing, is aimed at consolidating the Russian IT market. As part of this strategy, we are forming several clusters within the group of companies. In each of the algeria whatsapp number databa se segments, we are creating a leading player, including through M&A transactions. In the next two to three years, PJSC Softline plans to enter the capital markets for these subsidiaries, which will ensure the creation of shareholder value for individual divisions and an increase in the capitalization of the group as a whole," added Alexandra Melnikova.

experience in acquisitions among all Russian IT companies. For many years, Softline grew in global markets by acquiring local players. The shareholders and the subsidiary that bought the issue were confident that the company would effectively use the funds raised. Since July 2024, Softline PJSC shares have fluctuated in the range of 135-155 rubles, which indicates that the stock market has no longer experienced strong concerns about the strategy," noted FG Finam analyst Leonid Delitsyn.

"Financing transactions by issuing additional shares seems like a reasonable solution, since the additional issue, although it will slightly dilute the shares of minority shareholders in the authorized capital, will help attract additional funds to the company, while the issuer's debt burden will not increase, unlike financing such transactions through loans or issuing bonds. Thanks to M&A transactions, the company increases its client base, gains access to new markets, and the synergistic effect of the transactions helps optimize its costs. At the same time, through acquisitions, the company solves the problem of a shortage of highly qualified IT specialists, which is typical for many companies in this sector, and highly qualified specialists are a very important competitive advantage for a company. There are not many companies in Russia that ensure growth through acquisitions of smaller players, and in different markets," says Natalia Milchakova, leading analyst at Freedom Finance Global.

"It is worth noting the high level of synergy effect that Softline is able to achieve by conducting such transactions. As part of these transactions, Softline expands its product portfolio, which allows it to respond to customer requests and provide them with support on a wide range of tasks in a single window mode. We expect that the transactions carried out in 2024 will allow the company to achieve the forecast levels of turnover, gross profit and EBITDA. We see some potential for exceeding these EBITDA forecasts in an optimistic scenario, even despite the high growth rates of personnel costs that are currently on the market," said Maxim Kondratyev, senior analyst at SberCIB Investment Research.

Discussion
[ 0 ,-0,+3]Add a comment