As the planned spin-off of Careium (the Care segment) comes closer, we have reviewed the two segments and their market outlooks. The Careium shares will be distributed to shareholders through a dividend at the beginning of December (date will likely be set at the end of November). We conclude that the two companies are likely to diverge in terms of their growth and financial performance. Careium should benefit from long-term organic and inorganic growth, while the remaining Doro Phone business is likely to see declining growth due to the market outlook (but with less competition and with high margins). Until now, it has been difficult to find appropriate peers for the Doro group, but with the separation of the segments, we now believe a peer comparison is more useful (see p. 11).
Waiting for the specific dates for ex-date & first day of trading
The specific timeline for the ex-date and first day of trading will likely be distributed at the end of November in addition to further information about Careium.
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