06.01.2016 07:30:48
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EQS-Adhoc: Accu Holding AG: Group Turnover 2015
EQS Group-Ad-hoc: Accu Holding AG / Key word(s): Development of Sales/Final Results Accu Holding AG: Group Turnover 2015
2016-01-06 / 06:58 Release of an ad hoc announcement pursuant to Art. 53 KR. The issuer is solely responsible for the content of this announcement.
Press Release
Accu Holding Pre-Publishes 2015 Sales
Emmenbrücke, 6th of January 2016 - Accu Holding AG (ACUN SW) closed its financial year 2015 with unaudited consolidated turnover of CHF 156m (previous CHF 132.9m). This excludes a potential positive one-time effect attributable to the implementation of a POC accounting method for project based revenues within the Cieffe Group.
Total turnover has been affected by special factors. The continued drop in oil price, as already stated in our H1 2015 press release, negatively affected Industrial Yarns (Nexis), impacting the formula of the price calculation for the end customer, resulting in a value reduction of CHF -10.1m. However, margins or operating profit remain unaffected. In term of volume Nexis Group improved significantly by 12.3% to 31'831 tonnes (previous 28'354 t). Furthermore, the Surface Technology division in Switzerland (RCT) changed its accounting system to toll manufacturing with a key customer per end September 2015. For the last three months of the calendar year 2015 this technical loss of turnover amounted to CHF - 0.9m. Adjusted by these one-time effects, total sales for the fiscal year 2015 would have reached CHF 167m and matched our financial turnover guidance.
Assuming an exchange rate of EUR/CHF 1.08 the order backlog by year end 2015 for Accu Group stood at a solid CHF 64.1m. Further information will be disseminated following the publication of the full year 2015 report in April 2016.
For further information:
Andreas Kratzer Accu Holding AG Gerliswilstrasse 17 6020 Emmenbrücke a.kratzer@accuholding.ch Telefon +41 44 318 88 00
Accu Holding AG - Company Profile Accu Holding AG is a Swiss company based in Emmen, Lucerne and listed on the SIX Swiss Exchange. The company focuses on two principle sectors 'Industrial Yarns' and 'Surface Technology'; strategy involves 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 application such as mechanical rubber goods (MRG) in conveyor belts, hoses and transmission belts, for the production of ropes and nets and in the manufacturing of airbags and tires. The business unit 'Surface Technology' includes the equipment manufacturer of heat treatment and coating plants as well as the operation of heat treatment businesses and high-tech thin-coating centers. These high-quality products are manufactured in Europe and the USA for niche markets in the automotive, aerospace, medical, petroleum, process and manufacturing industries.
End of ad hoc announcement
+++++ Additional features:
Document: http://n.eqs.com/c/fncls.ssp?u=BYHSPCMXON Document title: Accu Sales 2015e
2016-01-06 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 427197 2016-01-06
(END) Dow Jones Newswires
January 06, 2016 00:58 ET (05:58 GMT)- - 12 58 AM EST 01-06-16
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