Sales of ~SEK 20m, but with negative margins
This afternoon, Bredband2 announced the acquisition of Bredbandsson AB: a Swedish broadband operator with 7,500 private fiber customers and sales of ~SEK 20m. According to allabolag.se, the company generated EBIT of SEK -3.6m in 2023. The acquisition price in terms of EV is SEK 18.5m, implying an EV/sales multiple of 0.9x, and an EV/subscriber of SEK 2,500 (vs. BRE2 at SEK 4,000). The acquisition is expected to close on 1 Sep 2024.
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