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Adveo Group International SA (ADVGR.MC)

ADVGR.MC on Madrid SE C.A.T.S.

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Latest Key Developments (Source: Significant Developments)

Adveo Q1 net result turns to loss of 1 mln euros
Thursday, 20 Apr 2017 12:40pm EDT 

April 20 (Reuters) - Adveo Group International SA ::Q1 net loss 1.0 million euros ($1.1 million) versus profit 38,000 euros year ago.Q1 EBITDA 5.7 million euros versus 6.1 million euros year ago.Q1 revenue 130.4 million euros versus 213.5 million euros year ago.  Full Article

Adveo granted waiver from banks to negotiate refinancing
Tuesday, 11 Apr 2017 08:22am EDT 

Adveo Group International SA : Says granted waiver from financial entities for syndicated credit until March 2018 to negotiate refinancing .Says framework agreement with banks guarantees working capital financing lines.  Full Article

Adveo FY net loss narrows to 35.7 mln euros
Wednesday, 1 Mar 2017 02:27am EST 

Adveo Group International SA : Said on Tuesday FY sales 691.1 million euros ($728.6 million) versus 851.7 million euros year ago . FY EBITDA 21.8 million euros versus 21.5 million euros year ago . FY net loss 35.7 million euros versus loss 70.6 million euros year ago .Sees FY 2017 sales lower than in 2016, reflecting the full impact of the Westcoast operation during the last four months of 2016.  Full Article

Adveo names new chairman by cooptation
Wednesday, 28 Sep 2016 02:54am EDT 

Adveo Group International SA :Names Luis Carlos Croissier Batista as new chairman by cooptation.  Full Article

Adveo completes share capital increase raising 27.6 mln euros
Monday, 18 Jul 2016 01:54am EDT 

Adveo Group International SA : Said on Friday that the share capital increase process had been closed with an incomplete subscription . Under the share capital increase 8,491,352 shares were subscribed for, in the amount of 27.6 million euros ($30.5 million) .Said that despite incomplete subscription the proceeds from the capital increase will allow the company to carry out its business plan for 2016-2019 with minor variations.  Full Article

Adveo capital increase exceeds minimum threshold for its execution
Tuesday, 12 Jul 2016 02:43am EDT 

Adveo Group International SA :Says to date 7.9 million shares were subscribed in capital increase, that is over the minimum threshold of 25 million euros ($27.7 million) necessary for the execution of the increase.  Full Article

Adveo and Westcoast sign deal confirming details of EOS business development
Thursday, 7 Jul 2016 01:32am EDT 

Adveo Group International SA : Said on Wednesday that it had signed a contract with Westcoast Ltd that confirms details of the agreement established by both companies in May . On July 29 Adveo will transfer the facility in Lyon as well as the stock related to the Attended and IT Specialists channels . One week later Adveo will transfer the stocks in Italy and Spain and, 14 days later, in Germany . EOS revenue in channels linked to the deal with Westcoast amounted to about 300 million euros ($333 million) and generated EBITDA of about 3 million euros in 2015 .The deal will help to reduce debt of the company by 80 million euros and significantly improve return on capital employed (ROCE).  Full Article

Adveo board agrees to execute capital increase of 28.5 mln euro nominal value
Tuesday, 7 Jun 2016 02:01am EDT 

Adveo Group International SA : Said on Monday the company's board had resolved to execute a share capital increase approved by the shareholders on May 4 in the nominal value of 28.5 million euros ($32.4 million), through the issuance of 19.0 million new shares at an issue price of 3.25 euros per share . The shareholders of the company will have preferential subscription rights in the ratio of three new shares for every two preferential subscription rights .Says a preferential subscription right is attributed to the shareholders for each share held.  Full Article

Grupo Adveo to pay out pending dividend of 0.28 euro per share
Tuesday, 31 May 2016 06:36am EDT 

Adveo Group International SA : Said on Tuesday will distribute a pending dividend of 0.28 euro per share approved on June 26, 2015 which was later suspended .To carry out the payment on June 7.  Full Article

Adveo allies with UK's Westcoast for development of consumables division
Tuesday, 17 May 2016 03:16am EDT 

Adveo : Says reaches agreement with UK's Westcoast Ltd for development of consumables division EOS (ink & toner) .Says the operation will reduce company's debt by 80 million euros ($90.6 million).  Full Article

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BRIEF-Adveo Q1 net result turns to loss of 1 mln euros

* Q1 net loss 1.0 million euros ($1.1 million) versus profit 38,000 euros year ago