01.02.2017 SKW Stahl-Metallurgie Holding AG  DE000SKWM021

DGAP-News: SKW Stahl-Metallurgie Holding AG: SKW Metallurgie creates base for financial restructuring and strategic repositioning

DGAP-News: SKW Stahl-Metallurgie Holding AG / Key word(s): Financing SKW Stahl-Metallurgie Holding AG: SKW Metallurgie creates base for financial restructuring and strategic repositioning 01.02.2017 / 13:44 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- * Negotiations with financing banks concluded successfully * Continuation of syndicated loan contract until January 31, 2018 * AGM to move on capital increase on July 6, 2017 * CEO Dr. Kay Michel remains aboard until 2020 München (Germany), February 1, 2017. The SKW Metallurgie Group (WKN SKWM02 / ISIN DE000SKWM021), globally leading provider of primary and secondary metallurgy solutions for the steel industry, has successfully concluded the negotiations with the lenders of the syndicated loan (the main instrument of financial debt of the SKW Metallurgie Group) and has thereby created the fundament to implement the announced financial restructuring. The SKW Metallurgie Group agreed with the three lending banks of the syndicated loan in now legally binding terms that this financial instrument, subject only to market-common adjustments, remains in force until January 31, 2018 and that during this term financial covenants and minimum redemptions remain halted. The SKW Metallurgie Group will use the headroom created thereby on the one hand to continue the operative performance improvement of the ongoing "ReMaKe" program and on the other hand to implement a comprehensive financial restructuring, which is comprised of the known three pillars: * Disposal of assets (mainly non-core activities) * General preparedness of financing banks for a conditional cancelation of debt * Substantial capital increase against cash with subscription rights for shareholders These measures will return the indebtedness of the SKW Metallurgie Group to an economically viable relation to its earnings potential, which fact is a necessary condition for the strategic and operative development of the Company as well as for a refinancing. An overall component of this concept is the already initiated approach of strategic partners to jointly develop the business and to strengthen the competitive position through realizing synergy potentials. In this context, the SKW Metallurgie Group strives for an active participation of the Group as a relevant player in the upcoming market consolidation of the steel supply industry, in order to return to creating values for its shareholders after the burden of operative consolidation. It is visible already now that, based on an operatively solid fourth quarter, that the guidance for 2016 is to be exceeded despite continuously demanding market conditions. On this background the Supervisory Board of the Company emphasizes that the Sole Member of the Executive Board, Dr. Kay Michel, prolonged his engagement with the SKW Metallurgie Group until June 30, 2020. The Chairperson of the Supervisory Board, Volker Stegmann, comments: "Dr. Michel has already reached remarkable success in restructuring the SKW Metallurgie Group in the preceding three years. Therefore, the Supervisory Board welcomes that he remains at the disposal of the Company in continuously challenging times until 2020, in order to thereby conclude the financial restructuring and the operative repositioning of the Group." Finally, the new agreement with the financing banks and the concept for financial restructuring lay the groundwork for a positive going concern in the meaning of commercial law. On this basis, the Company will in due course publish the outstanding financial reports, in particular for H1-2016. The publication of single-entity and Group accounts for 2016 is expected for end of March 2017. Contact SKW Stahl-Metallurgie Holding AG Christian Schunck Head of IR and Corporate Communications Prinzregentenstr. 68 81675 München Germany Phone IR/Press: +49 89 5998923-22 Fax: +49 89 5998923-29 E-Mail: schunck@skw-steel.com About SKW Stahl-Metallurgie Holding AG and the SKW Metallurgie Group The SKW Metallurgie Group is a global market leader for chemical additives for hot metal desulphurization and for cored wire and other products for secondary metallurgy. The Group's products enable steel-makers to efficiently manufacture high-quality steel products. Clients include the world's leading companies in the steel industry. The SKW Metallurgie Group has more than 50 years of metallurgical know how, and currently operates in more than 40 countries. What is more, the Group is a leading supplier of Quab specialty chemicals, which are mainly used in the global production of industrial starch for the paper industry. The SKW Metallurgie Group is headquartered in Germany with production facilities in France, the US, Canada, Mexico, Brazil, South Korea, Russia, the Peoples' Republic of China and India (joint venture). The Group reached total revenues of EUR 285.5 million in 2015 and employs around 650 staff members (as of Dec. 31, 2015). Shares of SKW Stahl-Metallurgie Holding AG have been listed in Frankfurt Stock Exchange's Prime Standard since December 1, 2006; since 2011 (conversion to name shares) with ISIN DE000SKWM021. Disclaimer This press release may include certain forward-looking statements which are based on currently available assumptions and predictions of the SKW Metallurgie Group's management as well as on other currently available information. Various identified as well as unidentified risks and uncertainties as well as other factors may result in a deviation of actual results, financial situation, development or achievement of the company compared to the assessments made herein. SKW Stahl-Metallurgie Holding AG does not intend and assumes no liability to update such forward-looking statements and to adjust them to future events and developments. --------------------------------------------------------------------------- 01.02.2017 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 --------------------------------------------------------------------------- Language: English Company: SKW Stahl-Metallurgie Holding AG Prinzregentenstr. 68 81675 München Germany Phone: +49 (0)89 5998923-22 Fax: +49 (0)89 5998923-29 E-mail: info@skw-steel.com Internet: www.skw-steel.com ISIN: DE000SKWM021 WKN: SKWM02 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service --------------------------------------------------------------------------- 540933 01.02.2017

Die wichtigsten Finanzdaten auf einen Blick
  2013 2014 2015 2016 2017 2018 2019 2020e
Umsatzerlöse1 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
EBITDA1,2 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
EBITDA-Marge3 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
EBIT1,4 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
EBIT-Marge5 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Jahresüberschuss1 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Netto-Marge6 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Cashflow1,7 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Ergebnis je Aktie8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de


WKN Kurs in € Einschätzung Börsenwert in Mio. €
0,000 0,00
KGV 2021e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
0,00 0,00 0,000 0,00
0,00 0,00 0,00 0,000
Dividende '19 in € Dividende '20e in € Div.-Rendite '19e
in %
0,00 0,00 0,00
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
0,00% 0,00% 0,00% 0,00%
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Stahl/Kupfer , SKWM02 , SK1A , XETR:SK1A