BLUELINEA: 83% increase in subscribers in one year, thanks in particular to the acquisition of Securitas Téléassistance – 12/29/2021 at 6:00 p.m.


Paris, Wednesday, December 29, 2021

Bluelinea, major operator of the “Silver Economy” sector in France, announces the finalization, on December 31, 2021 at midnight, of the acquisition of the company Securitas Téléassistance. This strategic operation, the principle and modalities of which were announced on November 25, 2021, allows Bluelinea to pass the milestone of 50,000 families supported on a daily basis and rise to the Top 5 on the French tele-assistance market.

In one year, Bluelinea has grown from 28,588 families supported, day and night, thanks to the deployment of “HELP” solutions and services, to 52,473 subscribers at the end of 2021, an increase of 83%.

In a French tele-assistance market estimated at nearly € 90 million per year for more than 700,000 subscribers supported, Bluelinea thus ends the year 2021 with a market share of more than 7%.

An accretive operation from 2022

This acquisition, the amount of which remains confidential, is self-financed with a payment schedule for 2021 and 2022 compatible with the company’s forecast cash flows. 1

er

payment occurred on December 29, 2021 and was covered by the proceeds of the sale on November 19, 2021,

of 120,000 Bluelinea treasury shares in order not to impact the cash flow allocated to the activity.

In order to optimize the integration of the Securitas Teleassistance teams (21 people), Bluelinea has implemented a plan to optimize its organization and its costs, the objective of which is to generate recurring savings in operating costs of 1.4 M € for a full year from 2022. No additional investment is therefore expected to support this change of scale.

Thus, with an additional turnover of 2.1 M € for a normative EBITDA

[1]

of 0.5 M €

[2]

, the acquisition of Securitas Téléassistance is an operation that immediately creates value. It will have a positive impact on Bluelinea’s results and will help achieve positive EBITDA at the end of 2022.

Next meeting: Annual turnover 2021, Tuesday January 4, 2022 (before market)

About Bluelinea:

“Take care of loved ones, whether they are elderly or disabled, at home or in an establishment”

is the main mission of Bluelinea, the first SilverTech listed on Euronext Growth.

The activity

“Seniors & Home”

supports families and their elders day and night through the deployment of solutions and services

“HELP”

. In parallel, the activity

“Connected establishments”

protects residents while assisting caregivers and staff of shared accommodation between seniors, Residences Services, EHPAD, specialized centers for Handicap or more broadly healthcare establishments thanks to the unique modular solution

“SERENEA

®



.

With this complementary expertise in solutions and services dedicated to

path of “aging well”, Bluelinea

positions itself as a key player with families, with kindness and responsibility.

Investor contacts:

Eric Gbianza



Financial director

[email protected]

+33.1.76.21.70.60

Jerome Fabreguettes-Leib


Investor Relations

[email protected]

+33.1.53.67.36.78

Press contacts:

Laurent Levasseur



Chairman of the Board

[email protected]

+33.1.76.21.70.60

Fatou-Kiné N’Diaye


Press relations

[email protected]

+33.1.53.67.36.34


[1]

Normative EBITDA = operating income before depreciation, amortization, provisions and Group costs

[2]

2020 data


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Full and original press release in PDF format:

https://www.actusnews.com/news/72505-bluelinea_cp_closing_securitas_vdef.pdf

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