Philion SE: Largest independent chain store operator in the German telecommunications market through reverse IPO on the stock exchange
- Contribution of FEXCOM GmbH by way of a contribution in kind completed
- Experienced management team around the former CEO of Telefonica Deutschland René Schuster
- Stationary and online growth planned
- Strong position at the point-of-sale to be exploited
Munich, March 12, 2018: Philion SE has completed the contribution of FEXCOM GmbH by way of a non-cash capital increase. This means that the largest independent chain store in the German telecommunications market is now listed on the stock exchange. The company's share capital was increased from 250,000 euros to 1,850,000 euros.
Founded in 1993, FEXCOM GmbH has grown considerably in recent years and now operates 167 branches throughout Germany with 450 employees. In 2016 (audited HGB financial statements) 48 million euros were turned over - and the trend is rising. As a premium partner of the major network operators O2, Telekom, Vodafone and Yourfone as well as their sub-brands, Fexcom offers private and business customers a wide range of telecommunications products and services. These include mobile telephony, fixed network, DSL, accessories, energy, smart home and repair service. As the largest independent chain store operator, the Group is an important partner for the entire industry: private and business customers, network operators and hardware manufacturers.
Growth strategy: stationary and online, organic and through acquisitions
The group of companies wants to take advantage of the opportunities offered by the telecommunications market and grow in the coming years: stationary and online, organic and through takeovers. Stationary retail will continue to be the core of the Group's multi-channel strategy in the future. The management is convinced of the opportunities at the point-of-sale. Only there it is possible to advise customers personally and individually. Additional products and services, e. g. in the Smart Home segment, should provide new impetus. In addition, an online business is to be set up. This strategy is intended to significantly increase sales and earnings in the coming years.
Team around the former CEO of Telefonica Deutschland René Schuster
The group is led by a team with decades of experience in the national and international telecommunications industry. Philion SE's Chairman of the Board of Directors is René Schuster, former CEO of Telefonica Deutschland. The team also includes members of the Board of Directors Reinhard Krause, formerly a member of the Debitel Board of Management, and Frank Demmler, founder and managing director of Fexcom GmbH. Michael Rohbeck, former Managing Director of Versatel Germany, is acting as Managing Director.
Philion SE // Maximilianstr. 2 // 80539 Munich // philion.de // M: email@example.com
Investor Relations & Press
Fabian Lorenz // T: +49 221 29 83 15 88 // M: firstname.lastname@example.org
This announcement constitutes neither an offer to sell nor a solicitation of an offer to purchase or subscribe for securities. There will be no public offering of securities of Philion SE. This announcement does not constitute a securities prospectus. This communication and the information contained herein is not intended for direct or indirect distribution to or within the United States of America, Canada, Australia or Japan.
12.03.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de