SANHA GmbH & Co. KG / DE000A1TNA70
03.12.2024 - 12:31:02SANHA GmbH & Co. KG: Subscription to new bond 2024/2029 still possible until 6 December
| SANHA GmbH & Co. KG / Key word(s): Issue of Debt SANHA GmbH & Co. KG: Subscription to new bond 2024/2029 still possible until 6 December 03.12.2024 / 12:31 CET/CEST The issuer is solely responsible for the content of this announcement. SANHA GmbH & Co. KG: Subscription to new bond 2024/2029 still possible until 6 December More than 60% of the new bond already placed through exchange alone Subscription period via Deutsche Börse's subscription functionality runs until 6 December 2024 Confirmation of the forecast for the financial year 2024 Essen, 3 December 2024 – Until Friday, 6 December (12 pm), investors have the opportunity to subscribe to the 2024/2029 bond (ISIN: DE000A383VY6, WKN: A383VY) of SANHA GmbH & Co. KG, one of the leading manufacturers of piping systems, via the subscription functionality of Deutsche Börse (DirectPlace). The new bond has a term of five years. The annual fixed interest rate is 8.75% and will be paid semi-annually in arrears. Listing on the Frankfurt Stock Exchange is scheduled for 10 December 2024. The exchange offer to holders of the existing 2013/2026 bond was successfully completed at the beginning of the week. More than 60% of the new bond has already been placed through the exchange alone. Bernd Kaimer, Managing Partner of SANHA GmbH & Co. KG: “The above-average conversion rate reflects the great confidence our long-standing investors have in SANHA as a family-run company, with which we have been active on the capital market for many years now. Through targeted investments and our broad international presence in 50 markets, we have been able to strengthen the resilience of the SANHA Group in recent years and significantly expand our profitability with double-digit EBIT margins. This means that we are well equipped for the future, even in challenging market situations.” Forecast for 2024 confirmed In this context, the management confirms the forecast issued for the 2024 financial year. Accordingly, business is expected to be robust against the backdrop of broad country and industry diversification. Overall, the management expects slight growth in revenues (2023: EUR 121.8 million) in the low single-digit range as well as a stable EBITDA (2023: 16.0%) and EBIT margin (2023: 11.8%). About SANHA SANHA GmbH & Co. KG is a leading manufacturer of piping systems. The products of the 100% family-owned industrial company are used in many sectors, including building services, refrigeration technology, fire protection and numerous industrial applications such as technical gases. SANHA holds around 250 product certifications for the various applications. The company based in Essen has around 700 employees and is active in 50 countries worldwide. Around 10,000 products, primarily piping systems made of copper, copper alloys, stainless steel, carbon steel and plastic are manufactured in four plants in Germany and other European countries. Investor Relations / Press: Jonas Schneider, Johannes Kaiser IR.on AG Phone: +49-221-914097-38 E-mail: SANHA@ir-on.com Key data of the SANHA 2024/2029 bond
03.12.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com |
| Language: | English |
| Company: | SANHA GmbH & Co. KG |
| Im Teelbruch 80 | |
| 45129 Essen | |
| Germany | |
| Phone: | +49 2054 / 925 - 0 |
| Fax: | +49 2054 / 925 - 250 |
| E-mail: | info@sanha.com |
| Internet: | www.sanha.com |
| ISIN: | DE000A1TNA70 |
| WKN: | A1TNA7 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Hamburg, Hanover |
| EQS News ID: | 2043353 |
| End of News | EQS News Service |
| |
