Morele Group, a part of the portfolio of companies owned by MCI Capital Funds, has completed the acquisition of Sklep-Presto.pl, the second largest online sports equipment store in Poland. The investment is in line with Morele.net’s strategy of extending the Group’s range to include new categories beyond consumer electronics. Currently, it offers more than 800k products in 8 sectors.
• Measures initiated to (i) reorganize operations and reduce headquarter costs in Germany, and (ii) focus international operations on regions with short- to mid-term profitability potential; break-even target for early 2019
• Capital increase of up to 2.6m shares with exclusion of pre-emptive rights from authorized capital subscribed by existing shareholders, new investor group, all members of the management board including founders and Matthias Peuckert
• Starting date of designated CEO Matthias Peuckert on May 1, 2018, succeeding founders and Co-CEOs Alexander Brand and Konstantin Urban
• Preliminary 2017 financials: Revenues EUR 211 to 213 million, adjusted EBIT EUR (26) to (24) million ((13) to (11)% margin) and net liquidity of EUR 25.7 million. Publication of 2017 financials on March 14, 2018.