Ultrasonic AG
Ultrasonic AG: to go public at Frankfurt Stock Exchange in December
Ultrasonic AG / Key word(s): IPO Ultrasonic AG to go public at Frankfurt Stock Exchange in December
Frankfurt, 14 November 2011 – The Cologne based ULTRASONIC AG, the German holding of an established Chinese manufacturer and provider of high quality branded urban footwear, is currently preparing its IPO to the Prime Standard. With almost 1,400 employees the group operates in three market segments, each of which contributing about a third to the group's revenue. ULTRASONIC produces sandals and slippers for the upper price segment and is a long-term supplier of shoe soles for leading manufacturers of the booming Chinese sport shoe industry such as Anta, Xtep and Unisuper. Moreover, the company has successfully established an own 'Urban Footwear' collection which is marketed under the brand ULTRASONIC and specifically designed to the needs and taste of the growing urban middle class. In the financial year 2010, immediately after the opening of the first ULTRASONIC mono-labelled shop, this segment generated about 30 percent share of revenue. Together with the other two segments the group's income and revenue increased by more than 50 percent in FY2010. The consumer group of Ultrasonic's branded urban footwear expresses itself in its fashion, increasingly prefers domestic brands and designs and creates very fast moving fashion trends, demanding a wide variety of models and styles. ULTRASONIC has acknowledged to build its design, production and marketing strategy, including a very fast time to market, to fit the needs of this challenging, but highly rewarding market segment. Thereby, with an average growth rate of 40 percent this young market for top-grade branded urban footwear is still growing much faster than the overall Chinese consumer market. Within the last three years ULTRASONIC's business had a compounded annual growth rate of more than 40 percent. In FY2010, the company generated a total revenue of more than 100 million Euro. Due to its outstanding position in all market segments within the competitive Chinese footwear industry, ULTRASONIC achieved a net profit of approximately 22 million Euro, with an average annual growth rate of about 60 percent within the last three years. ULTRASONIC's branded urban footwear collection is currently marketed in more than 70 strictly controlled and distributor-owned Ultrasonic mono-labelled shops, that realize selling prices in a range from 400-1,200 RMB per pair, which is equivalent to approx. 50-140 Euro. Due to the increasing demand in Chinese tier 1 to tier 3 cities with more than 3 million inhabitants, the number of these shops should be strongly expanded within the next years. Furthermore, the company plans to invest in the expansion of its own production facilities, that to date represent the limiting factor, in order be a fully-integrated provider that continues to generate outstanding returns within the Chinese market. Further details concerning the IPO should be communicated at the end of November. For further information about the company visit: www.ULTRASONIC-ag.de
Disclaimer: This publication is not an offer of any securities for sale or a solicitation of an offer to purchase any securities. Subject to approval by the German Financial Service Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht), a prospectus will be published, which will be available free of charge from Ultrasonic AG (www.ultrasonic-ag.de) and the Global Coordinator. The shares will be offered exclusively on the basis of the prospectus required to be approved by the German Financial Service Supervisory Authority. This document is not an offer of securities for sale or a solicitation of an offer to purchase securities in the United States. The shares of Ultrasonic AG (the 'Shares') have not been registered under the U.S. Securities Act of 1933, as amended (the 'Securities Act') and may not be offered or sold in the United States unless registered under the Securities Act or pursuant to an exemption from such registration. There will be no public offering of the Shares in the United States and the Shares will not be registered under the Securities Act. This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the 'Order') or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as 'relevant persons'). The Shares are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. For Enquiries: MSL Financial
Steffi Fahjen
Bernd Rauch End of Corporate News 14.11.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | Ultrasonic AG | |
c/o Luther Rechtsanwaltsgesellschaft mbH; Mergenthalerallee 10-12 | ||
65760 Eschborn | ||
Germany | ||
E-mail: | clifford.chan@suoli.cc | |
Internet: | www.ultrasonic-ag.de | |
ISIN: | DE000A1KREX3 | |
WKN: | A1KREX | |
Notierung vorgesehen |
End of News | DGAP News-Service |
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