05.08.2021 Schaltbau Holding AG  DE000A2NBTL2

DGAP-News: Schaltbau Holding AG: Newly structured Syndicated Credit Agreement includes ESG component


 

DGAP-News: Schaltbau Holding AG / Key word(s): Financing
Schaltbau Holding AG: Newly structured Syndicated Credit Agreement includes ESG component

05.08.2021 / 16:34
The issuer is solely responsible for the content of this announcement.


Schaltbau Holding AG: Newly structured Syndicated Credit Agreement includes ESG component

Better conditions and greater flexibility for EUR 150 million syndicated credit line
New agreement signed with UniCredit Bank and Commerzbank as book runners, KfW leaves syndicate
ESG component integrated in agreement for first time - target achievement reduces credit costs
 

Munich, 5 August 2021 - In view of its significantly improved profitability and balance sheet structure, Schaltbau Holding AG [ISIN DE000A2NBTL2] has signed a new Syndicated Credit Agreement with UniCredit Bank AG and Commerzbank AG as book runners. Moreover, DZ Bank AG, Landesbank Hessen-Thüringen, Oldenburgische Landesbank AG and Deutsche Bank AG are all involved as mandated lead arrangers or lead arrangers. Schaltbau will utilise the new Syndicated Credit Agreement to repay the existing agreement amounting to EUR 172 million prior to the due date. KfW is no longer part of the syndicate. The new agreement comprises revolving credit lines amounting to EUR 150 million with a term of three years and options to extend for up to two further years at substantially better conditions and without major restrictions on the use of the funds. For the first time, Schaltbau has entered into a credit agreement that includes an ESG component. Based on the annual Ecovadis sustainability rating, Schaltbau Holding AG can reduce the cost of the credit by achieving predefined targets.

"Sustainability and good, responsible corporate governance are part of our management principles and we strive to continuously improve," said Dr Jürgen Brandes, CEO of Schaltbau Holding AG. "The fact that we can also cut our credit financing costs by improving our sustainability rating is an additional bonus."

New Syndicated Credit Agreement with highly flexible financing

In the past, Schaltbau utilised its credit line in the context of liquidity management, for guarantees on major projects and to pre-finance projects. The new agreement, however, does not stipulate any significant restrictions on the use of the funds.

The Mandatory Convertible Bond issued in April with a volume of EUR 60 million, which is essentially earmarked to finance the construction of the NExT Factory as well as smaller acquisitions to strengthen the Group's core Rail business, has also significantly bolstered the structure of Schaltbau's balance sheet and given it greater financial headroom. At 30 June 2021, the equity ratio therefore stood at 38.0% (31 December 2020: 22.0%) and the debt-equity ratio dropped to 0.7 (31 December 2020: 1.9).

"The new Syndicated Credit Agreement gives us even greater flexibility in the use of our financial resources and lowers our financing costs," explained Steffen Munz, CFO of Schaltbau Holding AG. "Strategic investments and minor additional acquisitions will enable us to continue along our path of profitable growth within the framework of Strategy 2023 as planned."

About the Schaltbau Group

Schaltbau Holding AG (ISIN: DE000A2NBTL2) is listed in the Prime Standard segment of the regulated market of Deutsche Börse AG in Frankfurt am Main. With annual Group revenue in the region of EUR 500 million and around 3,000 employees, Schaltbau is an internationally leading supplier of systems and components in the field of transportation technology and the capital goods industry. With Pintsch, Bode, Schaltbau and SBRS as their core brands, Schaltbau Group companies develop a wide range of high-quality technologies and customer-specific technological solutions for rail infrastructure, rolling stock, passenger cars and commercial vehicles. As one of the few specialists for smart DC-based energy concepts, the Schaltbau Group is also a driver of innovation in the fast-growing markets of tomorrow such as New Energy / New Industry and E-Mobility.
To find out more about the Schaltbau Group, go to: https://schaltbaugroup.com

Contact

Investor Relations
Schaltbau Holding AG
Hollerithstraße 5
81829 Munich
T +49 89 93005-209
[email protected]



05.08.2021 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: Schaltbau Holding AG
Hollerithstraße 5
81829 Munich
Germany
Phone: +49 89 - 93005 - 209
Fax: +49 89 - 93005 - 398
E-mail: [email protected]
Internet: www.schaltbaugroup.de
ISIN: DE000A2NBTL2
WKN: A2NBTL
Indices: Prime Standard
Listed: Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange
EQS News ID: 1224471

 
End of News DGAP News Service

1224471  05.08.2021 

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023
Umsatzerlöse1 516,46 518,34 513,71 502,34 525,58 479,69 508,10
EBITDA1,2 20,14 22,54 32,65 42,71 43,73 36,43 47,45
EBITDA-Marge3 3,90 4,35 6,36 8,50 8,32 7,59
EBIT1,4 -22,98 -7,29 17,18 21,72 26,63 18,56 22,36
EBIT-Marge5 -4,45 -1,41 3,34 4,32 5,07 3,87 4,40
Jahresüberschuss1 -49,57 -14,14 7,36 5,66 12,13 120,09 6,57
Netto-Marge6 -9,60 -2,73 1,43 1,13 2,31 25,03 1,29
Cashflow1,7 10,48 -6,25 62,91 32,24 65,99 4,22 14,58
Ergebnis je Aktie8 -8,04 -1,93 0,46 0,44 0,83 10,71 0,42
Dividende8 0,00 0,00 0,00 0,00 0,00 1,90 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2023 - 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: PricewaterhouseCoopers

INVESTOR-INFORMATIONEN
©boersengefluester.de
Schaltbau Holding
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A2NBTL 57,000 Halten 622,48
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
55,34 11,50 4,85 146,91
KBV KCV KUV EV/EBITDA
4,17 42,69 1,23 15,54
Dividende '22 in € Dividende '23 in € Div.-Rendite '23
in %
Hauptversammlung
1,90 1,90 3,33 11.06.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
- - - 29.04.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-0,85% -3,93% -4,20% -2,56%
    
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