Key Developments: Fast Casualwear AG (FCA.DE)

FCA.DE on Xetra

0.75EUR
11 Jul 2014
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Latest Key Developments (Source: Significant Developments)

Fast Casualwear AG gives FY 2014 outlook
Tuesday, 29 Apr 2014 02:11am EDT 

Fast Casualwear AG:Anticipates revenues to grow in FY 2014 in range of 15 to 20 pct, measured in local currency Renminbi (RMB).Expects EBIT margin to grow similar to 2013 in range between 16 and 19 pct.FY 2013 revenue of 123.0 million euros.  Full Article

Fast Casualwear AG receives another OEM order from Europe
Wednesday, 19 Feb 2014 09:02am EST 

Fast Casualwear AG:Announces that it has been assigned to produce and deliver 400,000 pairs of casual children's shoes under a famous brand.The order has a value of about 3.2 million euros and is expected to be ready for shipment during the second quarter of the current year.  Full Article

Fast Casualwear AG resolves further capital increase
Monday, 10 Feb 2014 03:26pm EST 

Fast Casualwear AG:Says it will carry out a capital increase against cash using the authorized capital to issue 500,000 new shares at a price of 1.68 euro per share.Says share capital will increase by 500,000 euros to 12,700,000 euros.Says capital increase will be carried out excluding the right of subscription of the shareholders and subscribed solely by an unrelated individual investor.Says new shares shall carry dividend rights for the financial year 2013.Says gross proceeds of the capital increase amounting 840,000 euros are to be used to support the overall working capital and further growth of the company.  Full Article

Fast Casualwear AG announces conclusion of OEM contract
Thursday, 16 Jan 2014 02:28am EST 

Fast Casualwear AG:Announces that it concluded the contract as Original Equipment Manufacturer (OEM) with a European retail group.Says contract with a term of two years makes FAST one of the retail group's main OEM suppliers for shoes.Says first OEM order in Jan. will deliver a total of 500,000 pairs of casual children's shoes.Says order has a value of about 4 million euros and is expected to be ready for shipment during the second quarter.  Full Article

Fast Casualwear AG plans to enter the online shopping business
Monday, 13 Jan 2014 03:36am EST 

Fast Casualwear AG:Says it plans to expand the distribution of its products to Chinese online shopping platforms in order to strengthen the sales of its FAST branded products.  Full Article

Fast Casualwear AG adjusts its fiscal 2013 financial guidance
Thursday, 28 Nov 2013 02:45am EST 

Fast Casualwear AG:Sees a revenue growth slightly below 10 percent on a RMB basis and an EBIT margin in the range of 18 percent for the full year 2013 instead of 20 percent.Says that due to the current order situation the Management board is positive to reach this guidance for 2013.  Full Article

Fast Casualwear AG Expects Invention Patent for Its New Rubber Material for Shoe Soles
Wednesday, 30 Oct 2013 04:06am EDT 

Fast Casualwear AG announced that it has developed a brand new rubber material for shoe soles as well as an production method that will be transcribed in the own facilities. The Company expects the Official approval and the Certificate of Invention Patent to be issued in the second half of the year 2014. The Company has already submitted an application for invention patent with the State Intellectual Property Office of the People's Republic of China on April 2, 2013 and has received a Notice of Initial Approval for the patent on May 28, 2013. The Company expects the Official approval and the Certificate of Invention Patent to be issued in the second half of the year 2014.  Full Article

Fast Casualwear AG to Receive Order for Shoes Supplies
Monday, 21 Oct 2013 11:57am EDT 

Fast Casualwear AG announced that an European retail group have expressed their intention that FAST shall become one of the OEM suppliers for shoes. The European retail chain has over 2,000 points of sales in over 20 countries in Europe. This cooperation is expected to lead to orders on a long-term basis. It is estimated that initially the orders will be in the region of three million pairs of shoes with an estimated value of USD 30 million (approximately EUR 22 million) per year. The Company anticipates that the contract will be executed in December 2013 and believes that this is the beginning of a close and long term partnership with the European Group.  Full Article

Fast Casualwear AG Appoints Chairperson of Supervisory Board
Monday, 14 Oct 2013 10:21am EDT 

Fast Casualwear AG announced that its Supervisory Board has elected Mrs. Nanyan Ding to its Chairperson.  Full Article

Fast Casualwear AG Maintains FY 2013 Financial Guidance
Monday, 30 Sep 2013 04:51am EDT 

Fast Casualwear AG announced that the Company confirms its outlook given in the annual report 2012 and anticipates a revenue growth of 10% on a RMB basis and a stable EBIT margin of around 20% for the fiscal year 2013. The Company was able to maintain its expectations thanks to the solid financial basis, strong production capabilities and expanding distribution network.  Full Article

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