With the acquisition of the Cologne-based MoovIT Group, Avemio AG (ISIN: DE000A2LQ1P6) has taken an important step in its transformation from the largest trading company for professional film and television technology in the German-speaking market to an internationally positioned media technology group. For the current year, the company, which is listed on the Düsseldorf primary market and arose from a reverse IPO of Teltec AG, is targeting an increase in sales to EUR 120 million and an EBITDA of around EUR 5.0 million. In the medium term, revenue is expected to rise towards one billion euros thanks to further acquisitions.
Recently, there has been little fresh blood on the German capital market. With Avemio AG (ISIN: DE000A2LQ1P6), however, an exciting stock has recently been listed on the Düsseldorf Stock Exchange: with its wholly owned subsidiary Teltec AG, Avemio is the trading group with the highest turnover for professional film and television technology in the German-speaking market with a turnover of over 100 million euros. And further expansion is on the cards.
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