MAG IAS GmbH presents preliminary figures for 2011
Very significant deterioration of the result is expected, complete follow-up funding
The MAG IAS GmbH has achieved in fiscal 2011 according to preliminary figures an order intake of around € 652 million and generated total revenues of approximately € 497 million. Thus, order intake over the previous year increased by 58% (previous year: € 412.6 million). Total output increased by 65% even more. (Previous year: € 301.9 million) in earnings for fiscal year 2011 is to be expected that in connection with the release of half year results on 30 September 2011 forecast improvement is not observed. Although the financial statements of MAG IAS GmbH was not created yet, but the management expects for the past year with a very distinct, yet not quantifiable deterioration of the result from ordinary activities. The earnings situation in 2011, resulting in part from the processing of low-margin contracts from the crisis year 2010, out of high administrative costs from restructuring and special charges increased due to cost of financing. Last but not least, the earnings from the fact that due to the HGB accounting job results positive only when the final invoice will be incurred. Under new management in late 2011 was a restructuring initiated. The restructuring program includes not only measures to significantly reduce costs in administration and the focus on high-margin core areas and improvements within the product line. In addition, can be predicted on the basis of the acquired in 2011, orders for 2012, a substantial improvement. To finance the increased business volume, the financial institutions in November 2011, the already existing lines of credit had been increased as part of an ongoing bridge financing until 31/01/2012. They could as a component of the bridge financing undrawn cash of 24 million € already be traced back before the year ends. Negotiations are already in November the promised follow-on funding were now all also been participating financial institutions successfully. The essentially new funding from existing sureties entered before the /deadline set in place. This is made up of the medium-term financing needs resulting planning
MAG IAS ha il seguente bond: DE000A1H3EY2
Coupon type fix
Coupon (Interest) 7.50
next paym. date 02/08/2012
Accrued interest 7.38
Interest payment 1Y
bid/ask 91/94
sotto gli 80 si potrebbe anke comprare .. ariva oggi lo dà a 87,5 cedola 11,125 % semestrale ogni 15 gennaio-luglio