070162
Bond..... solo BOND
ciao capitain.....
sul kulo concordo in pieno...... sulla parte finale... un po meno.....
prima o poi potrebbe succedere.....
Obbligazioni valute high yield Bond Scholz Anleihe 2017 8,50% Euro AT0000A0U9J2
- Creatore Discussione gionmorg
- Data di Inizio
ciao capitain.....
sul kulo concordo in pieno...... sulla parte finale... un po meno.....
prima o poi potrebbe succedere.....
rockytamtam
Forumer storico
070162
Bond..... solo BOND
The Scholz recycling group developed in line with the industry sector in the first nine months of 2013
- A persistently difficult environment on the European market for
scrap-metal and steel
- CEO Oliver Scholz: 'In view of the adverse parameters, Scholz has put
up a quite good performance'
- Sales of 2.97bn Euros for the first nine months are 20.0% down compared
with the previous year
- EBITDA reaches 98.3mn Euros: of that 28.1mn Euros in the third quarter
- First successes in the realisation of the restructuring programs
In a difficult market environment Scholz AG, in the first nine months of the year 2013, had a development in line with
the industry sector.
'Especially the first half of the year the international scrap-metal market was characterised by declining volumes and
prices as a consequence of the weak steel market and the recessionary environment in Europe', comments Oliver Scholz,
CEO of the international recycling group. 'Since the third quarter there have been signs of a stabilisation of profit
margins. Against the background of this environment, the Scholz group has put up quite a good operational performance
in these first nine months,' Scholz continues.
Important Key Figures of the Group
- Group revenues after the first nine months of 2013, amounting to 2.97bn
Euros, was 20.0% down on the corresponding previous year's value of
3.71bn Euros. Revenues in the third quarter amounted to 918.7mn Euros,
a reduction of 17.8% compared to the figure for the corresponding
quarter of the previous year (1.12bn Euros). The main cause of this
reduction is the lower tonnage due to market conditions (9 months 2013:
-12% to 6.79 mn tons). This factor as well as the still existing excess
capacities on the steel and scrap-metal markets resulted in
corresponding pressure upon the achievable prices and profit margins.
- Group profits before interest, taxes and depreciations (EBITDA)
amounted to 98.3mn Euros and were thus 40.4% under the previous year's
level (9 months 2012: 164.9mn Euros). However, the EBITDA-margin of
3.3% of turnover (9 months 2012: 4.4%) was well within the average for
the industry. The EBITDA for the third quarter amounted to 28.1mn Euros
(Q3 2012: 54.5mn Euros -48.4%).
- Scholz declared an operative result before taxes of -8.3mn Euros (9
months 2012: 43.2mn Euros). Of this, -5.1mn Euros were accounted for by
the third quarter (Q3 2012: 18.2mn Euros) which, when compared to the
previous quarters, had been influenced by seasonal factors.
- As in the first half-year, the declared pre-tax profits after nine
months are also characterised by considerable burdens resulting from
the on-going restructuring and realignment of the group. The
extraordinary profits amounted after nine months to -108.4mn Euros, of
which ca. 94mn Euros were accounted for by the withdrawal from the
Australasian market. The third quarter also saw a book loss of 9.4mn
Euros from the sale of a non-strategic share package. For the third
quarter the extraordinary profits amounted to -32.9mn Euros.
- After taxes and non-recurring charges, the group declares a nine-month
profit of -122.0mn Euros (9 months 2012: 16.3mn Euros).
Equity Development
As a consequence of the negative developments in profits, the equity of the Scholz group declined to 178.4mn Euros as
of September 30th 2013 (December 31st 2012: 300.4mn Euros). This is equivalent to an equity capital ratio of 10.1% (December
31st 2012: 15.8%).
As announced on November 14th, the balance sheet charges resulting from the restructuring in the separate financial
statement of Scholz AG led to the loss of half of the equity capital of 50.0mn Euros. As high non-recurring charges
had been predictable at the time of the compilation of the restructuring concept, the strengthening of the equity capital
basis by the acceptance of new shareholders into Scholz AG had been provided for at that time. This investors' process
is currently being prepared and should lead to speedy results.
Restructuring Programme is being implemented In the third quarter, Scholz AG created the basis for the turn for the
better in the shape of the agreement with its creditors pursuant to the programme for the restructuring and realisation
of the group. Initial successes have also been achieved with regard to the aim of disposing of non-strategic activities
(in particular the business divisions aluminium production and trading in premium engineering steel), slimming down
the group as a whole and considerably reducing financial indebtedness. These measures include the sale of the smelting
plant in Tatabanya, Hungary, to the US group Scepter Inc. and the sale of the German recycling location Velbert to the
Swiss Metallum group. The greater part of the planned disinvestment is to take place in the coming year.
Outlook for the overall year 2013
The market environment for the European steel and metal industry will continue to present a challenge in the coming
months, even if the first signs for an improvement in the industry's environment are recognisable.
The extent to which the emerging stabilisation will affect profit margins remains to be seen. The restructuring programme
for the Scholz group will be continued unchanged and is currently running according to plan on the whole.
Contact:
Scholz AG
Press Office
Heidrun Melchinger
Tel.: +49 7365 84 48
[email protected]
Ende der Corporate News
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19.11.2013 Veröffentlichung einer Corporate News/Finanznachricht, übermittelt durch die DGAP - ein Unternehmen der EQS
Group AG.
Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich.
Die DGAP Distributionsservices umfassen gesetzliche Meldepflichten, Corporate News/Finanznachrichten und Pressemitteilungen.
Medienarchiv unter http://www.dgap-medientreff.de und http://www.dgap.de
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Sprache: Deutsch
Unternehmen: Scholz AG
Am Bahnhof
73457 Esslingen
Deutschland
Telefon: +49 7365 84-0
Fax: +49 7365 1481
E-Mail: [email protected]
Internet: www.scholz-ag.de
ISIN: AT0000A0U9J2
WKN: A1MLSS
Ende der Mitteilung DGAP News-Service
iguanito
Forumer storico
Come la interpretate?
070162
Bond..... solo BOND
iguanito
Forumer storico
A giudicare dalla reazione del titolo a francoforte non mi sembra proprio che siamo a posto...quindi siamo a posto... o devo continuare a tribolare............
I dati si commentano da soli, orribili.
Comunque bisogna vedere il primo semestre 2014, in quel periodo la ristrutturazione e le cessioni dovrebbero essere a buon punto e l'azienda dovrebbe tornare ad essere stabile.