TCM Group A/S to acquire remaining 55% of shares in Celebert ApS

Core Viewpoint - TCM Group A/S has agreed to acquire the remaining 55% of shares in Celebert ApS, following the majority shareholder's decision to exercise a put option, with the transaction expected to close in Q4 2025, pending regulatory approvals [1][4]. Group 1: Acquisition Details - The purchase price for the 55% stake in Celebert ApS is expected to be in the range of DKK 60-85 million, with a maximum limit of DKK 87.5 million [4]. - The acquisition will be financed through a combination of existing and new bank credit facilities [5]. Group 2: Company Background - Celebert ApS is a well-established online retailer specializing in kitchens, bathroom interiors, wardrobes, and white goods, having reached net sales of approximately DKK 150 million in 2024 [2]. - The company has been a pioneer in the Danish online kitchen market since its founding in 2007 and has significantly increased revenue and earnings in recent years [2]. Group 3: Leadership Changes - Birk Aagaard, the founder and CEO of Celebert, will step down effective August 6, 2025, with Søren Kruse appointed as the new CEO, bringing over 20 years of online retail experience [3]. Group 4: Financial Outlook - Due to the delayed closing of the acquisition, TCM Group has adjusted its full-year revenue outlook to DKK 1,250 – 1,325 million, down from the previous range of DKK 1,250-1,400 million, and adjusted EBIT to DKK 90 – 115 million, down from DKK 90 – 120 million [5].