05.09.2014 Snowbird AG  DE000A1PHEL8

DGAP-Adhoc: Snowbird AG: IPO price range for new shares between 5.50 EUR and 6.00 EUR - Subscription period for up to 10 million new shares starts on 9 September 2014


 
Snowbird AG / Key word(s): IPO/Capital Increase 05.09.2014 14:42 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- IPO price range for new shares between 5.50 EUR and 6.00 EUR Subscription period for up to 10 million new shares starts on 9 September 2014 Munich, 05.09.2014 - Snowbird AG, one of the leading companies in the down processing and manufacturing of high quality down, down clothing, down bedding, down duvets and down pillows, and the existing shareholders have jointly set with the Global Coordinator & Lead Manager, CM-Equity AG, the price range for the IPO at 5.50 EUR to 6.00 EUR. It is intended to disclose the final offer price on 24 September 2014. Trading start and offering period The first day of trading of Snowbird AG shares (International Securities Identification Number: DE000A1PHEL8, German Securities Identification Number: A1PHEL, Ticker Symbol 8S9) on the Prime Standard of the Frankfurt Stock Exchange is scheduled for 29 September 2014. The offering period starts 9 September 2014 and is scheduled to end 24 September 2014, 10.00am. During this period investors can submit purchase offers for shares in Snowbird AG to the syndicate banks as well as direct banks. Capital increase Snowbird AG currently has a nominal capital of 30,000,000 EUR divided into 30,000,000 shares. The IPO offer comprises up to 10,000,000 no par value ordinary bearer shares of which all these shares originate from a capital increase. Up to 1,500,000 additional shares will be made available for potential over-allotments (greenshoe option). Assuming placement of all offered shares (including the greenshoe) the free float will be approximately 28 percent, without greenshoe 25 percent. Long-term Lock-ups There is no cashing out, none of the existing shareholders will sell shares during the IPO. The shares from the major shareholders are subject to a lock-up period of 36 months. Use of IPO proceeds Snowbird wants to become the largest down processing company worldwide. With the proceeds from the IPO Snowbird will finance the expansion of the existing production capacity. The company already started building a new sewing plant that is expected to start operations in Q4/2014. When ramped up the production capacity jumps from 1.9 million today to 8.2 million pieces per year. This enables Snowbird to take advantage of the increasing output from the new down processing facility that started operations in Q4/2013 and which is in the ramp up phase, currently having a utilization of ca. 30%. With a production capacity of up to 4,131 tons of high quality down per year it is one of the world's largest down processing sites. Most of the IPO proceeds will go to the working capital, especially inventories and receivables. Due to the seasonality in the down price the monies from the IPO offers Snowbird the opportunity to buy the raw material in the low price season and store it until needed. This will have positive effects on future margins. Additionally increasing revenues will lead to increasing receivables, which have to be financed by simultaneously improving the cash conversion cycle. Corporate Website The prospectus, approved by BaFin, as well as additional information about the company and the IPO are provided on the new Snowbird website that went online today: www.snowbird-ag.com There you will also find a three minutes video that gives you a first impression on Snowbird and its state of the art down production facility. Snowbird AG - one of largest down processing companies worldwide Snowbird is one of the world leading down processors and known for high quality down-filled textiles and for down bedding, down duvets and down pillows. With its new state of the art production facility, located in China, Henan Province, the company is able to process down at highest quality standards. Snowbird operates very profitable along the value chain from down processing to down clothing and down bedding production. www.snowbird-ag.com Investor Relations Contact Please direct all your requests to: max. Equity Marketing GmbH Maximilian Fischer Marienplatz 2 80331 Munich, Germany Tel: +49 89 139 28890 E-Mail: [email protected] IMPORTANT NOTE - Disclaimer This publication constitutes neither an offer to sell nor an invitation to buy securities. The shares in Snowbird AG (the "Shares") may not be offered or sold in the United States or to or for the account or benefit of "U.S. persons" (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the "Securities Act")). Furthermore, the shares may not be offered or sold in Japan or to or for the account or benefit of Japanese citizens. No offer or sale of transferable securities is being made to the public outside Germany and Luxembourg. The offer in Germany and Luxembourg will be made exclusively by means of and on the basis of a prospectus published on the company's website www.snowbird-ag.com and available free of charge at CM-Equity AG, Munich. 05.09.2014 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Snowbird AG Ferdinandstraße 25 20095 Hamburg Germany Phone: Fax: E-mail: Internet: ISIN: DE000A1PHEL8 WKN: A1PHEL End of Announcement DGAP News-Service ---------------------------------------------------------------------------


Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023
Umsatzerlöse1 0,00 0,00 0,00 0,00 0,00 0,00 0,00
EBITDA1,2 0,00 0,00 0,00 0,00 0,00 0,00 0,00
EBITDA-Marge3 0,00 0,00 0,00 0,00 0,00 0,00
EBIT1,4 0,00 0,00 0,00 0,00 0,00 0,00 0,00
EBIT-Marge5 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Jahresüberschuss1 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Netto-Marge6 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Cashflow1,7 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Ergebnis je Aktie8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

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:

INVESTOR-INFORMATIONEN
©boersengefluester.de
WKN Kurs in € Einschätzung Börsenwert in Mio. €
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Mode/Textil , A1PHEL