06.05.2021 CECONOMY AG  DE0007257503

DGAP-News: CECONOMY AG lays the foundation of its post-pandemic financing structure with new €1 billion ESG-linked syndicated revolving credit facilities


 

DGAP-News: CECONOMY AG / Key word(s): Financing
CECONOMY AG lays the foundation of its post-pandemic financing structure with new €1 billion ESG-linked syndicated revolving credit facilities (news with additional features)

06.05.2021 / 17:31
The issuer is solely responsible for the content of this announcement.


CECONOMY AG lays the foundation of its post-pandemic financing structure with new €1 billion ESG-linked syndicated revolving credit facilities

Düsseldorf, 6 May 2021 - Today CECONOMY AG ("CECONOMY") has successfully signed new ESG-linked syndicated revolving credit facilities of €1.06 billion with a consortium of its 13 partner banks. The new syndicated revolving credit facilities are intended to replace the existing syndicated revolving credit facilities with the participation of KfW as a back-up line.

The new facilities are split into a five-year tranche with a volume of €707 million and a three-year tranche with a volume of €353 million in order to diversify the maturity profile. In addition, both tranches have the option of being extended twice for one year each. The new facilities will become effective once the existing syndicated credit lines have been terminated at the sole discretion of CECONOMY.

Furthermore, the interest on the syndicated loan is linked to three annual ESG targets. If predefined targets for CO2 reduction, number of sustainable products in the assortment and female share in management positions are met, the interest rate is reduced and vice versa.

"We have prepared ourselves for the time after KfW by setting up a new €1.06 billion syndicated revolving credit facility, which will come in place as soon as we can justify terminating the current KfW structure. The ESG component of the new syndicated loan demonstrates our commitment to a sustainable future. We are embedding sustainability as a key element of our business as well as operations and setting ourselves ambitious targets," says CECONOMY CFO Florian Wieser.

With the new loan agreement CECONOMY lays already now the foundation for its post-pandemic financing structure and underpins its continued prudent financial policy.

 

About CECONOMY

CECONOMY AG empowers life in the digital world. It is leading for concepts and brands in the field of consumer electronics. The companies in the current CECONOMY portfolio have billions of consumer contacts per year and provide products, services and solutions that make life in the digital world easy and enjoyable, creating value for consumers and shareholders alike.

Contact

CECONOMY AG
Kaistr. 3
40221 Düsseldorf, Germany

Investor Relations

Telephone +49 (0) 211-5408-7222
Email [email protected]
Website https://www.ceconomy.de/en/investor-relations/

Communications, Public Policy & Sustainability

Telephone +49 (0) 173 6517710
Email [email protected]
Website https://www.ceconomy.de/en/presse/

 


Additional features:

File: CECONOMY AG lays the foundation of its post-pandemic financing structure with new €1 billion ESG-linked syndicated revolving credit facilities


06.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: CECONOMY AG
Kaistr. 3
40221 Düsseldorf
Germany
Phone: +49 (0)211 5408-7225
Fax: +49 (0)211 5408-7005
E-mail: [email protected]
Internet: www.ceconomy.de
ISIN: DE0007257503, DE0007257537, Weitere: www.ceconomy.de/de/investor-relations/
WKN: 725750, 725753, Weitere: www.ceconomy.de/de/investor-relations/
Indices: SDAX
Listed: Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1193624

 
End of News DGAP News Service

1193624  06.05.2021 

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Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022e
Umsatzerlöse1 21.870,00 21.605,00 21.418,00 21.455,00 20.831,00 21.361,00 21.630,00
EBITDA1,2 719,00 636,00 650,00 465,00 991,00 947,00 1.115,00
EBITDA-Marge3 3,29 2,94 3,03 2,17 4,76 4,43 5,15
EBIT1,4 466,00 395,00 419,00 224,00 -80,00 326,00 411,00
EBIT-Marge5 2,13 1,83 1,96 1,04 -0,38 1,53 1,90
Jahresüberschuss1 152,00 1.153,00 -210,00 50,00 -211,00 256,00 264,00
Netto-Marge6 0,70 5,34 -0,98 0,23 -1,01 1,20 1,22
Cashflow1,7 1.569,00 758,00 684,00 86,00 1.166,00 450,00 750,00
Ergebnis je Aktie8 0,47 -0,41 -0,64 0,34 -0,66 0,65 0,68
Dividende8 1,00 0,26 0,00 0,00 0,00 0,17 0,18
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2021 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: KPMG

INVESTOR-INFORMATIONEN
©boersengefluester.de
Ceconomy ST
WKN Kurs in € Einschätzung Börsenwert in Mio. €
725750 3,208 Kaufen 1.156,21
KGV 2023e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
5,83 8,82 0,66 48,61
KBV KCV KUV EV/EBITDA
1,77 2,56 0,05 2,88
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
Hauptversammlung
0,00 0,17 5,30 09.02.2022
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
07.02.2022 13.05.2022 11.08.2022 15.12.2022
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-4,50% -13,46% -15,36% -26,35%
    
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