ALNO AG: ALNO AG has been granted a loan from Comco Holding AG
(firmenpresse) - ALNO AG / Key word(s): Trade/Services/
ALNO AG: ALNO AG has been granted a loan from Comco Holding AG
DGAP-Media / 18.08.2011 / 11:49
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PRESS RELEASE 18.08.2011
Nr. 10/2011
ALNO AG has been granted a loan from Comco Holding AG
- The loan gives ALNO AG flexibility in order to supply demand
- ALNO in a strong position regarding orders for first half-year 2011
- Further strengthening of company's liquidity
Pfullendorf, August 18, 2011 - ALNO AG received a loan of 3 million Euros
from Comco AG on 17th August 2011. Thanks to this loan, ALNO has the
flexibility to supply strong demand for its products with the usual
reliable quality. Apart from this loan, the continued support of Whirlpool
/ Bauknecht further strengthens the company's liquidity.
'This is another important step on the growth path of our company', Ipek
Demirtas, CFO at ALNO AG said. 'The high demand for ALNO products and our
customers' trust in the group's quality and reliability have led to a
significantly higher number of incoming orders for the second half of the
year.' ALNO will publish its half-year figures on 31st August.
The two parties agreed to withhold any further details.
About ALNO AG:
ALNO AG is one of Germany's leading kitchen manufacturers. It has four
national production facilities and also a production facility in Dubai, and
serves the German and international markets with a full range of kitchens.
The ALNO Group has four brands: the core brand ALNO and also WELLMANN
(classic/modern), IMPULS (minimalist) and PINO (entry-level prices). ALNO
AG has around 7,000 distribution partners and is active in more than 64
countries. In fiscal year 2010 around 1,787 employees recorded revenues of
approx. EUR 467.3 million. Foreign sales accounted for 28.4% of revenues.
Note for editors:
If you would like to find out more about ALNO and its products, then please
visit our online press center at www.alno.ag/3687.0.html. There you can
also find ready-to-print images of people and products.
Legal notice:
This ad hoc announcement may include forward-looking statements, which are
based on the current expectations and forecasts of ALNO AG's management or
its associated companies. Various known and unknown risks, uncertainties
and other factors may lead to the actual results, financial position, or
performance of ALNO AG and its affiliated companies deviating substantially
from the estimates included herein. Neither ALNO AG nor its affiliated
companies undertake to update any such forward-looking statement and to
adjust these to future events or developments.
Contact:
CNC AG
Karline Nitsch
T +49 / 172 8319192
E karline.nitsch(at)cnc-communications.com
End of Media Release
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136167 18.08.2011
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Datum: 18.08.2011 - 11:49 Uhr
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News-ID 47804
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