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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 signs debt refinancing agreement with banks
Friday, 28 Jul 2017 02:04am EDT 

July 28 (Reuters) - ADVEO GROUP INTERNATIONAL SA ::SIGNS AGREEMENT WITH BANKS THAT REPRESENT 97 PERCENT OF GROUP'S FINANCIAL DEBT.TO RESTRUCTURE ITS DEBT AND ADAPT IT TO THE NEW STRATEGIC PLAN 2017-2020.SIGNS NEW REVOLVING CREDIT LINE OF 57.7 MILLION EUROS FOR 36 MONTHS.SEES 2020 EBITDA AT 60 MILLION EUROS VERSUS 22 MILLION EUROS IN 2016.SEES 2020 TURNOVER OF 720 MILLION EUROS, SEES 2020 EBITDA MARGIN OF 9 PERCENT.  Full Article

Adveo reaches agreement in workforce restructuring process
Thursday, 20 Jul 2017 06:04am EDT 

July 20 (Reuters) - ADVEO GROUP INTERNATIONAL SA ::SAYS REACHES AGREEMENT IN THE PROCESSES OF RESTRUCTURING TO ADAPT THE SIZE OF ITS WORKFORCE TO THE NEEDS OF BUSINESS IN SPAIN.TO OUTSOURCE ITS CUSTOMER SERVICE DIVISION AND REDUCE THE WORKFORCE FOR LOGISTICS.  Full Article

Adveo reaches agreement with financing entities holding 97 pct of its debt
Wednesday, 19 Jul 2017 02:54am EDT 

July 19 (Reuters) - Adveo Group International SA ::SAYS REACHES AGREEMENT WITH FINANCING ENTITIES HOLDING 97 PERCENT OF ITS DEBT.  Full Article

Adveo to outsource costumer service, warehouse management activities
Thursday, 22 Jun 2017 09:13am EDT 

June 22 (Reuters) - ADVEO GROUP INTERNATIONAL SA ::TO START NEGOTIATION PROCESS TO ADJUST SIZE OF ITS WORKFORCE IN CERTAIN AREAS AND ADAPT IT TO BUSINESS NEEDS IN SPAIN.SAYS THE PROCESS INVOLVES OUTSOURCING OF CUSTOMER SERVICE AND WAREHOUSE MANAGEMENT ACTIVITIES.SAYS CUSTOMER SERVICE EMPLOYEES WILL BE INCORPORATED INTO WORKFORCE OF EXTERNAL OPERATOR.SEES TO IMPLEMENT REORGANIZATION PROCESS IN H2 2017.SAYS RESTRUCTURING PLAN MAY AFFECT EMPLOYEES IN LOGISTICS AREA WHICH ACCOUNT FOR ABOUT 55 PERCENT OF WORKFORCE.  Full Article

Adveo sees to reach EBITDA of about 62 mln euros in FY 2020
Thursday, 25 May 2017 05:58am EDT 

May 25 (Reuters) - ADVEO GROUP INTERNATIONAL SA ::SEES TO REACH EBITDA OF ABOUT 62 MILLION EUROS AND EBITDA MARGIN OF 8.5 PERCENT IN FY 2020.PLANS TO REACH 67 MILLION EUROS OF DIRECT SALES IN 2020.SEES TO REACH REVENUE OF ABOUT 715 MILLION EUROS IN FY 2020.SEES GRADUAL REDUCTION AND DIVERSIFICATION OF FINANCIAL DEBT OVER THE NEXT 4 YEARS BY ABOUT 100 MILLION EUROS.  Full Article

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

BRIEF-Adveo signs debt refinancing agreement with banks

* SIGNS AGREEMENT WITH BANKS THAT REPRESENT 97 PERCENT OF GROUP'S FINANCIAL DEBT