23.11.2021 KUKA Aktiengesellschaft  DE0006204407

DGAP-Adhoc: KUKA Aktiengesellschaft: Midea submits formal request for transfer of the shares of the minority shareholders of KUKA AG (Squeeze-Out)


 

DGAP-Ad-hoc: KUKA Aktiengesellschaft / Key word(s): Squeeze Out
KUKA Aktiengesellschaft: Midea submits formal request for transfer of the shares of the minority shareholders of KUKA AG (Squeeze-Out)

23-Nov-2021 / 10:39 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Midea submits formal request for transfer of the shares of the minority shareholders of KUKA AG (Squeeze-Out), confirms the existing Investment Agreement and agrees to a plan for long-term growth with KUKA AG.

Midea Group Co., Ltd. holds, indirectly through its subsidiaries Guangdong Midea Electric Co., Ltd., Midea Electric Netherlands (I) B.V., and Midea Electric Netherlands (II) B.V., more than 95 percent of the shares in KUKA Aktiengesellschaft ("KUKA"). Guangdong Midea Electric Co., Ltd. ("Midea") is therefore the controlling shareholder within the meaning of section 327a para. 1 sentence 1 German Stock Corporation Act (Aktiengesetz - AktG). By letter of today, and pursuant to section 327a para. 1 sentence 1 German Stock Corporation Act, Midea formally requested KUKA's general meeting to pass a resolution to transfer the shares of all remaining shareholders (minority shareholders) to Guangdong Midea Electric Co., Ltd. against payment of an appropriate cash compensation (so-called Squeeze-Out).

In addition, Midea commits to support KUKA in pursuing its joint long-term growth plan and, in particular, that at least until end of 2025, KUKA's production site as well as its leading R&D center shall remain in Augsburg, with the annual R&D budget being increased by at least 15% by 2025 compared to 2021. In addition, Midea reconfirmed that all terms and conditions of the Investment Agreement dated 28 June 2016, and the Ringfencing Agreement dated 6 October 2016, are respected and honored for the remaining term of the agreements. The joint growth plan is also based on KUKA's expectations (based on preliminary results) for KUKA Group for the fiscal year 2021 of a turnover of approximately EUR 3.1 bn. (2020: EUR 2.6 bn.), and an EBIT of approximately EUR 60 Mio. (2020: EUR - 113 Mio.).

Given that Midea fully supports KUKA's plan for long-term growth, and based on a comprehensive assessment of Midea's commitments, the Management Board and the Supervisory Board, have decided that a public listing is no longer required for KUKA, because KUKA already ceased to obtain refinancing through the capital market following the takeover by Midea in 2016. The resolution to transfer the shares of the minority shareholders is to be adopted at the next Annual General Meeting of KUKA. Due to the Squeeze-Out request, the Annual General Meeting shall be scheduled in May 2022.

Augsburg, November 23, 2021

KUKA Aktiengesellschaft

The Management Board


Contact:
Kerstin Heinrich
phone: +49 821 7975-481
fax: +49 821 7975-213
e-mail: [email protected]

23-Nov-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: KUKA Aktiengesellschaft
Postfach 43 12 69
86072 Augsburg
Germany
Phone: +49 (0)821 797 - 0
Fax: +49 (0)821 7975 - 333
E-mail: [email protected]
Internet: www.kuka.com
ISIN: DE0006204407
WKN: 620440
Listed: Regulated Market in Frankfurt (Prime Standard), Munich
EQS News ID: 1251233

 
End of Announcement DGAP News Service

1251233  23-Nov-2021 CET/CEST

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Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022e
Umsatzerlöse1 2.948,90 3.479,10 3.242,10 3.192,60 2.573,50 3.286,20 3.300,00
EBITDA1,2 205,30 180,20 121,20 176,50 33,20 2.020,00 239,00
EBITDA-Marge3 6,96 5,18 3,74 5,53 1,29 61,47 7,24
EBIT1,4 127,20 102,70 34,30 47,80 -113,20 61,80 98,00
EBIT-Marge5 4,31 2,95 1,06 1,50 -4,40 1,88 2,97
Jahresüberschuss1 86,20 88,20 16,60 17,80 -94,60 49,40 70,00
Netto-Marge6 2,92 2,54 0,51 0,56 -3,68 1,50 2,12
Cashflow1,7 -9,60 92,00 -48,20 214,50 77,40 208,00 155,00
Ergebnis je Aktie8 2,19 2,22 0,32 0,24 -2,59 0,98 1,60
Dividende8 0,50 0,50 0,30 0,15 0,11 0,11 0,00
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: PricewaterhouseCoopers

INVESTOR-INFORMATIONEN
©boersengefluester.de
KUKA
WKN Kurs in € Einschätzung Börsenwert in Mio. €
620440 82,500 - 3.281,48
KGV 2023e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
42,31 31,65 1,34 75,48
KBV KCV KUV EV/EBITDA
3,20 15,78 1,00 15,51
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
Hauptversammlung
0,11 0,11 0,13 17.05.2022
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
29.04.2022 04.08.2022 28.10.2022 29.03.2022
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-1,09% 3,41% 13,01% 24,62%
    
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu KUKA Aktiengesellschaft  ISIN: DE0006204407 können Sie bei EQS abrufen


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