DGAP-News: Hess AG plans IPO
(firmenpresse) - DGAP-News: Hess AG / Key word(s): IPO
Hess AG plans IPO
21.09.2012 / 10:01
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NOT FOR PUBLICATION OR DISTRIBUTION IN THE USA, CANADA, AUSTRALIA OR JAPAN.
Hess AG plans IPO
- Lighting specialist plans initial listing in the Prime Standard
- IPO serves international business expansion
- High-growth potential offered by LED market
Villingen-Schwenningen, September 21, 2012 - Hess AG, one of the
internationally established producers of external and architectural
lighting, is preparing for an initial public offering in the Prime Standard
of the Frankfurt Stock Exchange. The company is increasingly concentrating
on the high-growth LED market. Demand for energy-efficient lighting is on
the increase worldwide, in order to thereby sustainably lower energy
consumption, despite growing demand for lighting. The global market for
general lighting is set to grow from EUR 55 billion in 2011 to EUR 83
billion in 2020, reflecting 4.7 % average growth per year, according to a
recent McKinsey study. This study also forecasts that the corresponding LED
market will grow from EUR 5 billion in 2011 to EUR 57 billion in 2020,
representing average growth of 31.1 % per year over the same period.
Hess has combined technology and individual solution expertise with
high-end design and high product quality for more than 60 years. The
premium provider develops and distributes 'structured and functional'
external lighting for streets, squares and public spaces, as well as
architectural and building-related lighting. Appropriate urban equipment
such as park benches round out the product range. With the acquisition of
emdelight GmbH in March 2012, Hess has also expanded its positioning on the
global market for artistically structured lighting solutions, thereby
securing direct long-term access to the international project business.
Projects realised by emdelight include illuminating the facade of the
Commerzbank's head office in Frankfurt, and recently the 8.5 km-long Barwa
Commercial Avenue shopping centre in Qatar.
The Hess Group generated EUR 68.1 million of (IFRS) revenue in the 2011
financial year, and EUR 5.6 million of earnings before interest and tax
(EBIT), representing an 8.2 % EBIT margin. The company further accelerated
its growth rate in the first half of 2012, achieving approximately 39 %
revenue growth. The dynamically growing LED share of revenue already stood
at 22.6 % in 2011, compared with 4.9 % in 2009. Hess is regarded as an LED
pioneer: the world's first LED external light, which Hess developed, was
deployed as early as 2003.
The IPO issue proceeds are to be utilised primarily to finance further
growth. 'We are preparing consistently for the IPO, and can launch the
process at any time,' commented Christoph Hess, CEO of Hess AG, who has
been a third-generation manager of this family company since 2007. 'Hess is
excellently positioned, and is pursuing a clear growth strategy. The IPO
represents the ideal financing basis for our company's further expansion.
Our innovative and energy-saving LED products enable dynamic growth over
the coming years,' according to Hess, who also acts as the chairman of the
Licht ZVEI sector association. Peter Ziegler, CFO of Hess AG, added: 'Our
figures provide evidence of our growth potential: Hess has grown its
revenue by an annual average of 14 % within the past three years. We aim to
successfully accelerate this growth thanks to the marketpotential and our
innovative strength.'
Hess products are distributed in more than 50 countries worldwide - with a
growing presence on the important lighting markets of Europe, Asia, the
Middle East and America. The products are manufactured at three production
locations in Germany and the USA; Hess also operates production capacities
for final assembly, including in Japan and China. Hess employed an average
of 360 staff during the first half of 2012.
Disclaimer:
This publication represents neither an offer to purchase nor the request
for an offer for the purchase of securities. Hess AG securities are not,
and will not be, offered publicly outside Germany. Any public offer in
Germany occurs exclusively through and on the basis of a securities
prospectus to be published. In this case, the securities prospectus will be
available free of charge from Hess AG.
This publication represents neither an offer to purchase nor the request
for an offer for the purchase of securities in the United States of
America. Hess AG shares may not be offered or sold in the United States of
America, or to 'US Persons' (as defined in Regulation S of the US
Securities Act of 1933 in the respective valid version (the 'Securities
Act')), or for the account of 'US Persons', unless they are registered or
exempt from the requirement to register pursuant to the Securities Act. The
shares were not, and are not, registered pursuant to the Securities Act. A
public offer of securities in the United States of America would occur on
the basis of a prospectus, which would be available from Hess AG, and which
would contain detailed information about Hess AG and its management, as
well as its annual financial statements.
This publication is for distribution only to
(i) individuals who have professional experience in matters relating to
investments, or
(ii) individuals who fall under Article 49 (2) (a) to (d) ('high net worth
companies', unincorporated associations etc) of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005, or
(iii) other individuals to whom they may be legally made accessible
(whereby such individuals are together designated as 'Relevant Persons').
This publication is addressed exclusively to Relevant Persons. Individuals
who are not Relevant Persons may not act on the basis of trust in this
publication. Any investment or investment activity relating to this
publication is open exclusively to Relevant Persons, and will be entered
into solely with Relevant Persons.
Contact:
Hess AG
Marco Walz
Investor Relations
Lantwattenstraße 22
78050 Villingen-Schwenningen
Phone: +49 7721 920-475
Fax: +49 7221 920-771475
Mail: marco.walz(at)hess.eu
www.hess.eu
cometis AG
Ulrich Wiehle / Mark Appoh
Unter den Eichen 7
65195 Wiesbaden
Phone: +49 611 205855-11
Fax: +49 611 205855-66
Mail: wiehle(at)cometis.de
End of Corporate News
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185950 21.09.2012
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Datum: 21.09.2012 - 10:01 Uhr
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