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21.04.2016 17:34:08
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EQS-Ad hoc: Accu Holding AG
EQS-Adhoc: Accu Holding AG: Preliminary Fiancial Results 2015
21.04.2016 / 17:34 Release of an ad hoc announcement pursuant to Art. 53 KR. The issuer is solely responsible for the content of this announcement.
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NOT FOR DISTRIBUTION IN THE UNITED STATES, UNITED KINGDOM OR THE EUROPEAN ECONOMIC AREA
Accu Holding AG: Preliminary Financial Results 2015 (unaudited)
- Sales of 158,5m with an EBITDA of 17,7m and net income of 3,1m
- Request for extension of deadline for publication of annual report submitted to SIX
Emmenbrücke, April 21st 2016 - Based on preliminary and unaudited results, Accu Holding AG (Accu) closed its financial year 2015 with a consolidated turnover of CHF 158,5 million which is an increase of 19% versus previous year's sales of CHF 133,2 million. Operating result on EBITDA-level increased to CHF 17,7 million (2014: EBITDA 7,8 million) resulting in an EBITDA margin of 11,1% (2014: 5,8%). Net income reached CHF 3,1 million (2014: 2,1 million). Further details can be found in the attached overview of the unaudited financial statements.
Due to the impact on Accu of the ongoing investigation against the former Chairman of the Board of Accu by the public prosecutor office of the Canton of Zurich on the basis of possible offences against property (see press release April 11th 2016), supporting documents requested during the audit process cannot be presented. Accu has therefore submitted to SIX Exchange Regulation a request for extension of the deadline to publish its annual report by the end of April. The decision on the request is still pending.
Contact: Andreas Kratzer Accu Holding AG Gerliswilstrasse 17 6020 Emmenbrücke
a.kratzer@accuholding.ch Telefon +41 44 318 88 00
Consolidated Financial Statements as of December 31, 2015 and 2014
Consolidated Balance Sheet
All amounts In TCHF 2015 2014 ASSETS Notes Current assets Cash and cash equivalents 1 3'538 4'419 Trade receivables 2 35'547 31'770 Other receivables 3 5'570 6'999 Inventories 4 17'170 32'763 Accrued income 5 249 1'202 Total 64'155 44 % 77'153 43 % NON-CURRENT ASSETS Property, plant and 7 61'897 70'851 equipment Financial assets 6 28 188 Intangible assets 8 18'604 27'571 Deferred taxes 20 927 1'709 Total 81'456 56 % 100'319 57 % Total assets 145'611 100 % 177'472 100 %
LIABILITIES AND EQUITY Current liabilities Financial liabilities and 11 27'218 43'733 lease liabilities Trade liabilities 40'652 53'153 Other liabilities 9 16'011 21'354 Accrued liabilities and 10 1'585 1'557 deferred income Short-term provisions 12 647 354 Total current liabilities 86'113 59 % 120'151 68 % Non-current liabilities Finacial liabilities and 11 18'856 25'995 lease liabilities Other non-current 540 3'930 liabilities Non-current provisions 12 1'871 1'931 Total non-current 21'267 15 % 31'856 18 % liabilities Total liabilities 107'380 152'007 Equity Share capital 26'336 14'744 Capital reserves 4'219 1'040 Retained earnings 4'559 7'554 Profit for the year 3'117 2'127 Total equity 38'231 26% 25'465 14 % Total liabilities and 145'611 100% 177'472 100 % equity
Consolidated Income Statement for 2015 and 2014
All amounts in TCHF 2015 2014 Notes Net Sales 13 158'528 132'942 Other operating income 14 8'296 1'917 Inventory changes 3'268 88 Cost of goods sold -106'295 -100'826 Personnel expenses -23'357 -16'232 Property expenses -894 -558 Selling expenses -7'193 -4'156 Administrative expenses -4'540 -1'762 Other operating expenses -9'699 -3'661 Depreciation and amortization -5'415 -2'622 Operating profit 12'332 5'130 Financial income 15 688 1'065 Financial expenses 16 -3'986 -2'610 Profit before non-operating items 9'034 3'585 Non-operating profit/loss 17 -235 -85 Extraordinary income 18 813 Extraordinary expenses 19 -2'642 -1'207 Earnings before tax 6'157 3'106 Taxes 20 -3'040 -979 Net income 4'117 2'127
Consolidated Statement of Changes in Equity
Amounts in TCHF Share Capital Retained earnings and Total capital reserves net income equity As of 01.01.2014 12'600 202 8'303 21'105 Share capital 2'144 1'072 - 3'216 increase Costs of capital -234 - -234 increase Badwill * 305 305 Translation -1'054 -1'054 difference Net income - - 2'127 2'127 As of 31.12.2014 14'744 1'040 9'681 25'465 Share capital 11'592 3'859 15'451 increase Costs of capital -680 -680 increase Translation -5'122 -5'124 difference Net income 3'117 4'064 As of 31.12.2015 26'336 4'219 7'676 39'176
*The badwill from the previous year was a result of the acquisition of the Nexis Group. The badwill in 2014 arose as a result of the purchase price adjustment for RCT. CHF 264,000 of the total of CHF 569,000 was recognized in the income statement with the remaining goodwill amount and the difference was charged to equity.
Sales by segment
Net sales by segment 2015 2014 By division Division Industrial Yarns 100'450 111'478 in tons 31'831 28'354 - Cost of goods sold* 76'898 -87'853 - Operating expenses 16'408 -17'462 EBITDA 7'144 6'597 Division Surface technology** 57'281 21'900 - Cost of goods sold* -26'576 -12'922 - Operating expenses -23'898 -7'052 EBITDA 6'799 1'140 Corporate & other revenues* 9'093 1'012 - Corporate & other costs -5'289 -997 EBITDA 3'804 15
* including inventory changes ** including Cieffe Group as of 1.1.2015 as well as one- time effects of priour year adjustments in the amount of CHF 3,98 million
Sales by Region
Geographical split Switzerland 4'095 5'297 Germany 48'874 39'514 Italy 14'030 8'415 Czech Republic 11'242 11'303 Iberien 9'470 6'231 USA 9'446 8'428 Hungary 8'462 11'784 Norway 8'178 5'389 France 7'434 9'647 England 6'088 6'855 Other Europe and rest of world 31'209 31'699 Sub-total 158'528 132'942 Other operating income 8'296 1'917 Total 166'824 134'589
Accu Holding AG - Company Profile The Accu Holding AG is listed on the SIX Swiss Exchange with its headquarter in Emmenbrücke/Lucerne. It focuses on the two business areas 'Industrial Yarns' and 'Surface Technology' and investing in leading technology companies that operate in attractive market niches in Europe, Asia and America. Industrial yarns encompasses the development and manufacturing of yarns based on polymer and polyamide. These yarns are used in applications such as mechanical rubber goods (MRG) such as conveyor belts, hoses and transmission belts, as well as for the production of ropes and nets used for example in the manufacture of airbags and tires. The business unit of surface technology includes the equipment manufacturer of heat treatment and coating equipment and the operation of heat treatment shops and high-tech thin-coating centres of the latest generation. These high-quality products are manufactured in Europe and the US for niche markets in the automotive, aerospace, medical, petroleum, process and manufacturing industries.
Legal Disclaimer
The economic projections and predictions contained in this information relate to future facts. Such projections and predictions are subject to risks, uncertainties and changes which cannot be foreseen and which are beyond the control of Accu Holding AG. Accu Holding AG is therefore not in a position to make any representations as to the accuracy of economic projections and predictions or their impact on the financial situation of Accu Holding AG or the market in the securities of Accu Holding AG.
This document does not constitute an offer or invitation to subscribe for or purchase any securities. It is not being issued in countries where the public dissemination of the information contained herein may be restricted or prohibited by law. In particular, this document is not being issued in the United States of America and should not be distributed to U.S. persons or publications with a general circulation in the United States. Any non-compliance with such restrictions may result in a n infringement of U.S. securities laws. Securities of Accu Holding AG ("Company") are not being publicly offered outside of Switzerland. In particular, the securities of the company have not been registered under the U.S. securities laws and may not be offered, sold or delivered within the United States or to U.S. persons absent the registration under or an applicable exemption from the registration requirements of the U.S. securities laws. This document does not constitute a prospectus according to 652a or article 1156 of the Swiss Code of Obligations or article 27et seq. of the Six Swiss Exchange listing rules.
This document 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 securities 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 information or any of its contents.
End of ad hoc announcement
+++++ Additional features:
Document: http://n.eqs.com/c/fncls.ssp?u=GYWXYPHPCD Document title: FS 2015
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21.04.2016 News transmitted by EQS Schweiz AG. www.eqs.com - news archive: http://switzerland.eqs.com/de/News
The issuer is responsible for the contents of the release.
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Language: English Company: Accu Holding AG Gerliswilstrasse 17 6021 Emmenbrücke Switzerland Phone: +41 44 318 88 00 Fax: +41 44 318 88 02 E-mail: info@accuholding.ch Internet: www.accuholding.ch ISIN: CH0001366332 Valor: 136633 Listed: Foreign Exchange(s) SIX End of News EQS Group News Service ---------------------------------------------------------------------------
456583 21.04.2016
EQS Group-Ad-hoc: Accu Holding AG / Key word(s): Final Results Accu Holding AG: Preliminary Fiancial Results 2015
21.04.2016 / 17:34 Release of an ad hoc announcement pursuant to Art. 53 KR. The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
NOT FOR DISTRIBUTION IN THE UNITED STATES, UNITED KINGDOM OR THE EUROPEAN ECONOMIC AREA
Accu Holding AG: Preliminary Financial Results 2015 (unaudited)
- Sales of 158,5m with an EBITDA of 17,7m and net income of 3,1m
- Request for extension of deadline for publication of annual report submitted to SIX
Emmenbrücke, April 21st 2016 - Based on preliminary and unaudited results, Accu Holding AG (Accu) closed its financial year 2015 with a consolidated turnover of CHF 158,5 million which is an increase of 19% versus previous year's sales of CHF 133,2 million. Operating result on EBITDA-level increased to CHF 17,7 million (2014: EBITDA 7,8 million) resulting in an EBITDA margin of 11,1% (2014: 5,8%). Net income reached CHF 3,1 million (2014: 2,1 million). Further details can be found in the attached overview of the unaudited financial statements.
Due to the impact on Accu of the ongoing investigation against the former Chairman of the Board of Accu by the public prosecutor office of the Canton of Zurich on the basis of possible offences against property (see press release April 11th 2016), supporting documents requested during the audit process cannot be presented. Accu has therefore submitted to SIX Exchange Regulation a request for extension of the deadline to publish its annual report by the end of April. The decision on the request is still pending.
Contact: Andreas Kratzer Accu Holding AG Gerliswilstrasse 17 6020 Emmenbrücke
a.kratzer@accuholding.ch Telefon +41 44 318 88 00
Consolidated Financial Statements as of December 31, 2015 and 2014
Consolidated Balance Sheet
All amounts In TCHF 2015 2014 ASSETS Notes Current assets Cash and cash equivalents 1 3'538 4'419 Trade receivables 2 35'547 31'770 Other receivables 3 5'570 6'999 Inventories 4 17'170 32'763 Accrued income 5 249 1'202 Total 64'155 44 % 77'153 43 % NON-CURRENT ASSETS Property, plant and 7 61'897 70'851 equipment Financial assets 6 28 188 Intangible assets 8 18'604 27'571 Deferred taxes 20 927 1'709 Total 81'456 56 % 100'319 57 % Total assets 145'611 100 % 177'472 100 %
LIABILITIES AND EQUITY Current liabilities Financial liabilities and 11 27'218 43'733 lease liabilities Trade liabilities 40'652 53'153 Other liabilities 9 16'011 21'354 Accrued liabilities and 10 1'585 1'557 deferred income Short-term provisions 12 647 354 Total current liabilities 86'113 59 % 120'151 68 % Non-current liabilities Finacial liabilities and 11 18'856 25'995 lease liabilities Other non-current 540 3'930 liabilities Non-current provisions 12 1'871 1'931 Total non-current 21'267 15 % 31'856 18 % liabilities Total liabilities 107'380 152'007 Equity Share capital 26'336 14'744 Capital reserves 4'219 1'040 Retained earnings 4'559 7'554 Profit for the year 3'117 2'127 Total equity 38'231 26% 25'465 14 % Total liabilities and 145'611 100% 177'472 100 % equity
Consolidated Income Statement for 2015 and 2014
All amounts in TCHF 2015 2014 Notes Net Sales 13 158'528 132'942 Other operating income 14 8'296 1'917 Inventory changes 3'268 88 Cost of goods sold -106'295 -100'826 Personnel expenses -23'357 -16'232 Property expenses -894 -558 Selling expenses -7'193 -4'156 Administrative expenses -4'540 -1'762 Other operating expenses -9'699 -3'661 Depreciation and amortization -5'415 -2'622 Operating profit 12'332 5'130 Financial income 15 688 1'065 Financial expenses 16 -3'986 -2'610 Profit before non-operating items 9'034 3'585 Non-operating profit/loss 17 -235 -85 Extraordinary income 18 813 Extraordinary expenses 19 -2'642 -1'207 Earnings before tax 6'157 3'106 Taxes 20 -3'040 -979 Net income 4'117 2'127
Consolidated Statement of Changes in Equity
Amounts in TCHF Share Capital Retained earnings and Total capital reserves net income equity As of 01.01.2014 12'600 202 8'303 21'105 Share capital 2'144 1'072 - 3'216 increase Costs of capital -234 - -234 increase Badwill * 305 305 Translation -1'054 -1'054 difference Net income - - 2'127 2'127 As of 31.12.2014 14'744 1'040 9'681 25'465 Share capital 11'592 3'859 15'451 increase Costs of capital -680 -680 increase Translation -5'122 -5'124 difference Net income 3'117 4'064 As of 31.12.2015 26'336 4'219 7'676 39'176
*The badwill from the previous year was a result of the acquisition of the Nexis Group. The badwill in 2014 arose as a result of the purchase price adjustment for RCT. CHF 264,000 of the total of CHF 569,000 was recognized in the income statement with the remaining goodwill amount and the difference was charged to equity.
Sales by segment
Net sales by segment 2015 2014 By division Division Industrial Yarns 100'450 111'478 in tons 31'831 28'354 - Cost of goods sold* 76'898 -87'853 - Operating expenses 16'408 -17'462 EBITDA 7'144 6'597 Division Surface technology** 57'281 21'900 - Cost of goods sold* -26'576 -12'922 - Operating expenses -23'898 -7'052 EBITDA 6'799 1'140 Corporate & other revenues* 9'093 1'012 - Corporate & other costs -5'289 -997 EBITDA 3'804 15
* including inventory changes ** including Cieffe Group as of 1.1.2015 as well as one- time effects of priour year adjustments in the amount of CHF 3,98 million
Sales by Region
Geographical split Switzerland 4'095 5'297 Germany 48'874 39'514 Italy 14'030 8'415 Czech Republic 11'242 11'303 Iberien 9'470 6'231 USA 9'446 8'428 Hungary 8'462 11'784 Norway 8'178 5'389 France 7'434 9'647 England 6'088 6'855 Other Europe and rest of world 31'209 31'699 Sub-total 158'528 132'942 Other operating income 8'296 1'917 Total 166'824 134'589
Accu Holding AG - Company Profile The Accu Holding AG is listed on the SIX Swiss Exchange with its headquarter in Emmenbrücke/Lucerne. It focuses on the two business areas 'Industrial Yarns' and 'Surface Technology' and investing in leading technology companies that operate in attractive market niches in Europe, Asia and America. Industrial yarns encompasses the development and manufacturing of yarns based on polymer and polyamide. These yarns are used in applications such as mechanical rubber goods (MRG) such as conveyor belts, hoses and transmission belts, as well as for the production of ropes and nets used for example in the manufacture of airbags and tires. The business unit of surface technology includes the equipment manufacturer of heat treatment and coating equipment and the operation of heat treatment shops and high-tech thin-coating centres of the latest generation. These high-quality products are manufactured in Europe and the US for niche markets in the automotive, aerospace, medical, petroleum, process and manufacturing industries.
Legal Disclaimer
The economic projections and predictions contained in this information relate to future facts. Such projections and predictions are subject to risks, uncertainties and changes which cannot be foreseen and which are beyond the control of Accu Holding AG. Accu Holding AG is therefore not in a position to make any representations as to the accuracy of economic projections and predictions or their impact on the financial situation of Accu Holding AG or the market in the securities of Accu Holding AG.
This document does not constitute an offer or invitation to subscribe for or purchase any securities. It is not being issued in countries where the public dissemination of the information contained herein may be restricted or prohibited by law. In particular, this document is not being issued in the United States of America and should not be distributed to U.S. persons or publications with a general circulation in the United States. Any non-compliance with such restrictions may result in a n infringement of U.S. securities laws. Securities of Accu Holding AG ("Company") are not being publicly offered outside of Switzerland. In particular, the securities of the company have not been registered under the U.S. securities laws and may not be offered, sold or delivered within the United States or to U.S. persons absent the registration under or an applicable exemption from the registration requirements of the U.S. securities laws. This document does not constitute a prospectus according to 652a or article 1156 of the Swiss Code of Obligations or article 27et seq. of the Six Swiss Exchange listing rules.
This document 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 securities 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 information or any of its contents.
End of ad hoc announcement
+++++ Additional features:
Document: http://n.eqs.com/c/fncls.ssp?u=GYWXYPHPCD Document title: FS 2015
---------------------------------------------------------------------------
21.04.2016 News transmitted by EQS Schweiz AG. www.eqs.com - news archive: http://switzerland.eqs.com/de/News
The issuer is responsible for the contents of the release.
---------------------------------------------------------------------------
Language: English Company: Accu Holding AG Gerliswilstrasse 17 6021 Emmenbrücke Switzerland Phone: +41 44 318 88 00 Fax: +41 44 318 88 02 E-mail: info@accuholding.ch Internet: www.accuholding.ch ISIN: CH0001366332 Valor: 136633 Listed: Foreign Exchange(s) SIX End of News EQS Group News Service ---------------------------------------------------------------------------
456583 21.04.2016
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