18.11.2020 va-Q-tec AG  DE0006636681

va-Q-tec approves bond issue with total volume of CHF 20 to CHF 25 million


 


DGAP-Media / 18.11.2020 / 08:00

va-Q-tec approves bond issue with total volume of CHF 20 to CHF 25 million

  • Pharmaceutical and biotech sector shows major interest in va-Q-tec's transport solutions
  • Bond issue planned to finance growth and refinance existing financial debt
  • Issue volume: CHF 20 million with the possibility of increase to up to CHF 25 million
  • Planned coupon between 3¼ - 3¾ % p.a. with fixed 5-year maturity
  • Helvetische Bank AG to underwrite bond issue as lead manager
  • Payment for bond and admission to quotation on the SIX Swiss Exchange AG on 30 November 2020


Würzburg, 18 November 2020. va-Q-tec AG (ISIN DE0006636681 / WKN 663668), pioneer of highly efficient products and solutions in the area of thermal insulation (super thermal insulation) and temperature-controlled supply chains (TempChain logistics), has passed a resolution to issue a bond with a volume of CHF 20 million, with the possibility of increasing it to up to CHF 25 million. The bond will be offered for public purchase exclusively in Switzerland. The bond's coupon is to be 3¼ - 3¾ % p.a. with a fixed 5-year maturity. Helvetische Bank AG is to act as lead manager and has committed to underwriting the bond. An application is being made for admission of the bond to official quotation on the SIX Swiss Exchange AG, with simultaneous inclusion in the bond segment of the SIX Swiss Exchange AG. Payment for the bond and its provisional admission to official quotation on the SIX Swiss Exchange AG will occur on 30 November 2020.

Stefan Döhmen, CFO of va-Q-tec AG, comments: "Numerous discussions with customers in recent weeks and months as well as the dynamic business trend over the past quarters have once again underscored the importance of stable, temperature-controlled logistics chains - especially in the pharmaceutical and biotech sectors. Our transport solutions make an important contribution in this context, particularly given the global coronavirus pandemic. By creating additional funds as well as optimizing our existing financing, we aim to harness this tailwind to our advantage and invest in further growth."

va-Q-tec published its results for the first three quarters of 2020 on 6 November 2020, including reporting on significant year-on-year revenue growth of +13%. Moreover, va-Q-tec has already been preparing since the summer for a large number of vaccine transports. The vaccines require constant temperatures of up to -70 degrees Celsius during transport. va-Q-tec transport containers and boxes ensure the temperature of the vaccines for up to 200 hours, including under extreme and fluctuating external temperatures, and independent of expensive and often insecure external energy supply. For this reason, over the coming months va-Q-tec will significantly increase its existing container fleet, not only for the planned transport of CoVid-19 vaccines but also for further growth expected in other business areas. To this end, additional investments will be realized in the technical infrastructure of the Group's own worldwide TempChain network. Two new TempChain Service Centers were opened in September, in Kansas and Glasgow. Four further stations on three continents will follow in the next few months.

Just last week, va-Q-tec announced the successful arrangement of a comprehensive agreement with one of the world's largest pharmaceutical companies for the international distribution of a coronavirus vaccine. As part of the related heads of terms agreement, it has been arranged with the partner that, subject to approval, the worldwide, large-volume distribution of its vaccines deploying va-Q-tec's innovative transport solutions is to start in the first quarter of 2021. The order volume comprises several thousand high-performance transport containers. The parties intend to conclude a final agreement on the total volume of the partnership on the basis of the heads of terms agreement.

va-Q-tec aims to utilize the net proceeds from the bond for further investments in its container and box fleets, the refinancing of its existing financial liabilities, and for general financing purposes.

The final terms of the bond (issue amount and coupon) will be determined and communicated by 24 November 2020 at the latest, following a bookbuilding process, and on the basis of demand and general market conditions.


IR contact
va-Q-tec AG
Felix Rau
Tel.: +49 931 35942 - 2973
Email: [email protected]

cometis AG
Claudius Krause
Tel.: +49 611 - 20 585 5-28
Email: [email protected]

About va-Q-tec
va-Q-tec is a pioneer in highly efficient products and solutions in the area of thermal insulation (so-called "super thermal insulation") and TempChain logistics. The company develops, produces and markets highly efficient and consequently thin vacuum insulation panels (VIPs), as well as phase change materials (PCMs) for reliable and energy-efficient temperature controlling. Furthermore, va-Q-tec produces passive thermal packaging systems (containers and boxes) through optimally integrating VIPs and PCMs, which can maintain constant temperatures, depending on type, for up to 240 hours without external energy input. In order to implement temperature-sensitive logistics chains, va-Q-tec - within a global partner network - operates a fleet of rental containers and boxes meeting demanding thermal protection standards. Along with Healthcare & Logistics as its main market, va-Q-tec addresses the following further markets: Appliance & Food, Technics & Industry, Building, and Mobility. The high-growth company, which was founded in 2001, is based in Würzburg, Germany.

Further information: www.va-q-tec.com


Important notes

This announcement does not constitute an issuing prospectus in the meaning of Article 1156 or Article 652a of the Swiss Code of Obligations, nor a listing prospectus in the meaning of the listing rules of SIX Swiss Exchange. In particular, it does not contain an offer to buy or a solicitation to subscribe for bonds. The provisions applicable to the bonds and all significant information material in this context are governed exclusively by the German-language issuing and listing prospectus, and a decision to subscribe for and purchase bonds should be made only after a thorough study and on the basis of the issuing and listing prospectus.

This announcement constitutes neither an offer to sell nor a solicitation of an offer to buy securities. In relation to the securities described in this announcement, a public offer of securities for sale will not occur in Germany or in any other member state of the European Economic Area or in the United Kingdom.

The securities described in this announcement have not been, and will not be, registered under the US Securities Act of 1933, and may not be offered or sold in the United States without registration, or an exemption from registration.



End of Media Release


Issuer: va-Q-tec AG
Key word(s): Enterprise

18.11.2020 Dissemination of a Press Release, 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.
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Language: English
Company: va-Q-tec AG
Alfred-Nobel-Straße 33
97080 Würzburg
Germany
Phone: +49 (0)931 35 942 0
Fax: +49 (0)931 35 942 10
E-mail: [email protected]
Internet: www.va-Q-tec.com
ISIN: DE0006636681
WKN: 663668
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1148989

 
End of News DGAP Media

1148989  18.11.2020 

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 46,93 50,71 64,67 72,11 104,06 111,83 131,00
EBITDA1,2 7,21 3,03 9,67 11,40 17,79 7,73 10,00
EBITDA-Marge3 15,36 5,98 14,95 15,81 17,10 6,91
EBIT1,4 -0,32 -6,84 -2,56 -0,90 4,14 -7,26 -4,90
EBIT-Marge5 -0,68 -13,49 -3,96 -1,25 3,98 -6,49 -3,74
Jahresüberschuss1 -0,86 -7,73 -2,57 -1,44 1,41 -11,66 -8,00
Netto-Marge6 -1,83 -15,24 -3,97 -2,00 1,36 -10,43 -6,11
Cashflow1,7 1,47 -3,65 7,19 7,41 3,28 9,68 0,00
Ergebnis je Aktie8 -0,07 -0,59 -0,20 -0,11 0,16 -0,87 -0,59
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

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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

Wirtschaftsprüfer: Rödl & Partner

INVESTOR-INFORMATIONEN
©boersengefluester.de
va-Q-tec
WKN Kurs in € Einschätzung Börsenwert in Mio. €
663668 23,400 Halten 345,30
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
80,69 0,00 0,00 -93,23
KBV KCV KUV EV/EBITDA
8,92 35,67 3,09 51,52
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,00 0,00 0,00 29.08.2023
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
23.05.2023 10.08.2023 09.11.2023 28.04.2023
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-1,00% -4,91% -4,49% 4,70%
    
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Oberflächen/Verpackung , 663668 , VQT , HAM:VQT