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Module I· HGB vs. IFRS — Structural DifferencesAdvanced
Question

What M&A pricing implications does an HGB-to-IFRS conversion have?

Answer

HGB-to-IFRS conversion can move EBITDA and net debt materially. Valuation multiples must be applied on a consistent basis.

Deep diveShow more details

Do not let accounting EBITDA uplift become fake value creation. Adjust EV bridge and multiple basis together.

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