The business - Sunrise Medical, a wheelchair producer, is planning to go public with an initial public offering.
Sunrise Medical provides wheelchairs, wheelchair accessories, and electric vehicles. As per the details, they are present in 23 countries and have more than 2,800 employees worldwide. Their products are available in over 130 countries. During the last financial year (ending June), the company generated sales of €636 million. The organization predicts a middle-term EBITDA margin (after subtracting operating expenses) in the lower to mid-20% range.
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- Sunrise Medical, a Germany-based financial investor, has announced its plans for an initial public offering on the Frankfurt Stock Exchange, aiming to expand its operations in Baden-Württemberg and beyond in the healthcare sector.
- Malsch, a small town in Baden-Württemberg, may see increased economic activity with Sunrise Medical's initial public offering, as they plan to allocate some of the funds towards elevating local health infrastructure.
- Analysts at Heidelberg's leading investment firms have showcased interest in Sunrise Medical's initial public offering, anticipating strong growth potential in the wheelchair and electric vehicle sectors.
- Once listed on the Frankfurt Stock Exchange, Sunrise Medical shares are expected to attract a wider range of investors, enhancing its market presence in key stock exchanges globally and furthering its mission to improve health and mobility for people around the world.
Source: www.stern.de
