SANHA GmbH & Co. KG
SANHA confirms figures for the first six months of 2017
DGAP-News: SANHA GmbH & Co. KG / Key word(s): Half Year Results/Bond SANHA confirms figures for the first six months of 2017
Earnings before interest and taxes (EBIT) amounted to EUR 2.1 million (previous year: EUR 2.4 million). Adjusted for the S&LB transaction, EBIT improved by an impressive 36%. At EUR 0.12 million, the net result for the period after taxes was also positive. SANHA also made good progress in optimising its working capital and reduced its inventories by EUR 3.4 million in the first six months. Bernd Kaimer, managing partner of the family-owned company: “We are very satisfied with the measures implemented and the results of the first six months, which are fully in line with our plans. We are thus well on track to reach the projected revenues of slightly more than EUR 100 million and an EBITDA margin of roughly 10% for the full year 2017.” On 23 August 2017, One Square Advisory Services GmbH (OSA) filed a counter-motion on the resolution proposal to amend the Conditions of Issue of the 2013/2017 bond stated in the invitation to the second noteholders’ meeting. Bernd Kaimer: “We have taken note of the renewed counter-motion and would like to make clear that our assessment of the proposals made by OSA has not changed and that we do not agree with the amendment of the Conditions of Issue as proposed in the counter-motion. Our talks with investors and the results of the first vote confirm that we offer an attractive bond extension package. We therefore do not understand whose interests OSA, which, as far as we know, only holds one symbolic SANHA note, actually represents.” At the first noteholders’ meeting, which failed to reach the required quorum, the extension concept proposed by the company, was approved by over 90% of the votes.
29.08.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | SANHA GmbH & Co. KG |
Im Teelbruch 80 | |
45129 Essen | |
Germany | |
Phone: | +49 2054 / 925 – 0 |
Fax: | +49 2054 / 925 – 250 |
E-mail: | info@sanha.com |
Internet: | www.sanha.com |
ISIN: | DE000A1TNA70 |
WKN: | A1TNA7 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover; Open Market (Basic Board) in Frankfurt |
End of News | DGAP News Service |