DGAP-News: UNIWHEELS Group publishes preliminary financial results
(firmenpresse) - DGAP-News: UNIWHEELS Holding Germany GmbH / Key word(s): Preliminary
Results
UNIWHEELS Group publishes preliminary financial results
14.02.2012 / 09:56
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UNIWHEELS Group publishes preliminary financial results
In 2011, UNIWHEELS was again able to show significant growth rates. The
renowned manufacturer of high quality alloy wheels strengthens its market
position both in the business with automotive manufacturers and in the
accessories sector.
Group turnover up 18% to ca. EUR 345m
Bad Dürkheim, 14th February 2012: With Group revenues of around EUR 345m, a
plus of 18% year on year (2010: EUR 293m), the UNIWHEELS Group showed
stronger growth rates than market average in 2011, according to preliminary
evaluations. The amount of units sold also increased by 18% to just below 7
million wheels per year. This was due to a continuing positive development
both in the accessories business with the own wheel brands ATS, RIAL,
ALUTEC and ANZIO, and the activities with the original equipment
manufacturing (OEM) sector, resulting in full capacity utilisations in all
the Group's locations.
The Group also recorded an all-time high regarding its development
contracts for upcoming wheel projects in the automotive industry which
provides a sound basis for further growth in this segment. Rolf Graf,
Chairman of the Managing Board, comments: 'For several consecutive years we
have now been successful in generating high growth rates that were
significantly above the average market development. Thus, UNIWHEELS has
strengthened and expanded its world-wide market position in both the
accessories business and the OEM business.'
The operating EBITDA margin (before extraordinary effects) for fiscal year
2011 amounted to approximately 9%, after UNIWHEELS has made significant
investments in its sales channels abroad as well as in new innovative
business segments, e. g. the entry in the forged wheel technology. Overall,
the Group still aims at sustainably stabilising the operating EBITDA margin
at around 10%. The Group's EBITDA was affected by some extraordinary
effects, including the costs of the corporate bond issue as well as
non-cash effective provisions for contingent losses related to currency
hedging transactions which were concluded for the Group's Polish locations,
some of which will mature only in 2013. Due to the counter-development in
the EUR/PLN exchange rate since the beginning of 2012, the major part of
these provisions may already be reversed by the end of January.
The net finance result is additionally affected by costs and expenses
related to the refinancing of the syndicated credit facility which has
already been addressed in the previous reporting.
For fiscal year 2012, UNIWHEELS expects further growth both in sales units
and revenues, as the company is still recording a strong order backlog for
wheel deliveries to the OEMs and the demand for wheel products of the
Group's brands ATS, RIAL, ALUTEC and ANZIO is continuing to increase. Thus,
for fiscal year 2012, the Group aims at revenues of approximately EUR 400m.
In April 2011, UNIHWEELS Holding (Germany) GmbH (issuer) issued a corporate
bond with an annual coupon of 7.5% (WKN A1KQ36) in the Bondm trading
segment of the Stuttgart Stock Exchange. The bond is guaranteed by Rasch
Holding Ltd. (guarantor) which acts as the parent company of the UNIWHEELS
Group.For further information, including the half yearly report for the
first half of 2011, please refer to www.uniwheelsbond.com. The publication
of the UNIWHEELS consolidated yearly financial statements as well as the
audited company financial statements of the issuer is planned for April
2012.
PRESS Contact:
Harald Jacksties
Leiter Marketing und Motorsport Firmengruppe
UNIWHEELS Management (Switzerland) AG
Tel: +41 (0) 41 784 53 00
Mail: jacksties(at)ch.uniwheels.com
Dorothea Schneider
Haubrok Investor Relations GmbH&Co. KG
Tel: +49 (0) 89 210 27 - 520
Mail: d.schneider(at)haubrok.de
Disclaimer
This press release does not represent an offer to purchase or subscribe
securities of the UNIWHEELS Group, neither does it represent a request for
submission of an offer to obtain such securities. The purchase of or
subscription to partial debentures of UNIWHEELS Holding (Germany) GmbH is
carried out solely on the basis of the prospectus approved by the German
Federal Financial Supervisory Authority. The approved prospectus is
available free of charge from the company website at www.uniwheelsbond.com
and from UNIWHEELS Holding (Germany) GmbH, Bruchstr. 34, 67098 Bad
Dürkheim, Germany.
About us:
The UNIWHEELS Group is a leading European manufacturer of alloy wheels in
the accessories market as well as one of the largest wheel manufacturers in
the automotive industry. In addition, the group also equips professional
motorsport series with high-tech wheels.
For more than 40 years, the company has been producing high-quality
aluminium wheels using the low-pressure casting technique.
With the global brands of ATS, RIAL, ALUTEC and ANZIO, UNIWHEELS possesses
comprehensive knowledge in the accessories market and technical expertise
as an original equipment manufacturer in the automotive industry.
Furthermore, with its wide range of brands, the UNIWHEELS Group offers
wheels for all target groups, from premium to economy.
Highly efficient production locations in Poland and Germany, as well as the
pooled technological expertise of the group, form a secure base for further
development of the brands and growth of the UNIWHEELS Group associated with
this.
End of Corporate News
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Datum: 14.02.2012 - 09:56 Uhr
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