SeLoger.com has announced plans to double its net profit in four years, representing an average annual growth of around 20%.
The group of ads on the Internet, which is the subject of a takeover bid from German Axel Springer, also said in a statement released Thursday evening confirmed that target a "significant increase" its results 2010 compared to 2009.
Turnover, supported by the growth of penetration rate and increase in the average, forecast in the middle of the initial estimate of between 81 million and 84 million euros, he said.
SeLoger.com added that its current EBITDA in 2010 is expected to reach the top of the initial estimate between 42 million and 44 million, up almost 18% compared to 2009.
Its goal of doubling its net profit within 4 years "will rely in particular on further increasing the penetration, the increase in average basket (selling additional services, segmentation of the offer, sale of subscription for specialized portals) and the development of an offer of full disclosure (web agency, transaction software Pericles).
Beyond organic growth, SeLoger.com intends "to accelerate its growth through acquisitions" including in France, the goal of "expand its range of services to real estate professionals.
Internationally, SeLoger.com aims "of the country where the housing market on the internet is not yet consolidated, but where the switching of expenditure of estate agents in favor of the Internet has already begun."
"To facilitate the implementation of this policy of external growth, and in any event to take advantage of attractive financing conditions present SeLoger.com intends to apply to one or more banks line of credit for maximum amount of 100 million euros, "the group said.
The company adds that it will be positive net cash position of around 10 million euros at the end of the fiscal year and that it will propose doubling the amount of the dividend under the fiscal 2010.
"For future years, the group intends to maintain a payout ratio of at least equal to 30% of net income and, where appropriate to distribute to shareholders a portion of the cash that would not be used to finance future acquisitions."
The bid by Axel Springer on SeLoger.com is extended until further notice, said Thursday the AMF.
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