Hörmann Industries GmbH
Hörmann Industries GmbH: Indirect shareholding euromicron AG applies for protective shield proceedings under self-administration
Hörmann Industries GmbH / Key word(s): Investment/Miscellaneous Hörmann Industries GmbH: Indirect shareholding euromicron AG applies for protective shield proceedings under self-administration Kirchseeon, 11 December, 2019 – Hörmann Industries GmbH was unexpectedly informed today that the Executive Board of euromicron AG (WKN A1K030) will apply today for initiation of protective shield proceedings under self-administration. Hörmann Industries GmbH (corporate bond, WKN: A2AAZG) is indirectly invested in euromicron AG with 15.36% via its subsidiary Funkwerk AG (WKN: 575314), in which Hörmann holds a 78.0% stake as the main shareholder. As a result, Hörmann Industries GmbH anticipates an extraordinary write-down of its financial interest, which will burden the financial result and net income for 2019. The operating business of Hörmann Industries GmbH will not be affected; the forecast for 2019 dated 15 November 2019 with regard to sales and earnings before interest and taxes (EBIT) remains valid. Contact:
11-Dec-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |