Key Developments: Valora Holding AG (VALN.S)

VALN.S on Swiss Exchange

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Latest Key Developments (Source: Significant Developments)

Valora Holding buys Lagardere Services Distribution Suisse from Lagardere Services and Tamedia Publications
Monday, 10 Nov 2014 01:00am EST 

Lagardere SCA:Subsidiary Lagardere Services announces signature of agreement in order to sell to Valora AG of its 65 pct stake in Lagardere Services Distribution Suisse (LSDS).LSDS' long-term shareholder Tamedia Publications romandes SA is also selling its 35 pct stake.Duty Free and Fashion businesses are to remain with Lagardere Services.LSDS FY 2013 consolidated sales reflect 313 mln euros and FY 2013 recurring EBIT is 9.6 mln euros.Sale price (equity value at 100 pct) is about 110 mln euros.Transaction expected to be concluded once authorization is received from Swiss competition authorities.  Full Article

Valora Holding AG lowers FY 2014 EBIT outlook due to impairment charges at Valora Trade and further extraordinary costs in H2 2014; comments on FY 2016 EBIT outlook
Thursday, 28 Aug 2014 01:00am EDT 

Valora Holding AG:Says given impairment charges at Valora Trade in H1 2014 and further extraordinary costs of 10-15 million Swiss francs in H2 2014, expects to generate EBIT of some 30 million Swiss francs for FY 2014 as whole.Says in 2016, Group expects to achieve EBIT of some 80 million Swiss francs.Maintains its existing dividend policy.FY 2016 EBIT estimate 95.67 million Swiss francs - Thomson Reuters I/B/E/S.  Full Article

Valora Holding AG completes sale of press wholesale & distribution business
Monday, 4 Aug 2014 01:00am EDT 

Valora Holding AG:Says successfully completes the sale of press wholesale & distribution business.Says cash inflow after transaction costs (63 million Swiss francs) and earnings contribution (34 million Swiss francs) from Valora Services divestment.Says major transformation process at trade division with impairments of 17 million Swiss francs at selected country units in H1 2014 results.Sees further restructuring costs of 10-15 million Swiss francs in H2 2014.  Full Article

Valora Holding AG announces sale of Valora Services and issues EBIT guidance for FY 2014-FY2016 higher that analysts estimates
Wednesday, 7 May 2014 01:00am EDT 

Valora Holding AG:Signed an agreement with Thomas Kirschner, the majority shareholder of PVG, relating to the sale of its Valora Services division.Under this agreement, TK is acquiring all of Valora's press wholesaling business in Switzerland and Luxembourg and all of its third-party logistics operations in Switzerland.The goods logistics operations of the division will remain with Valora.The transaction will be effective retroactively as of Jan. 1.The corresponding enterprise value of the transaction amounts to 80 million Swiss francs.Expects to generate an EBIT of between 66 million Swiss Francs and 69 million Swiss francs (or 57-60 million Swiss francs after one-off effects) in 2014, FY 2014 EBIT of 77.68 million Swiss francs Thomson Reuters I/B/E/S.Guidance for 2016 is an EBIT in excess of 90 million Swiss francs, FY 2016 EBIT of 103.51 million Swiss francs Thomson Reuters I/B/E/S.  Full Article

Valora Holding AG proposes dividend for FY 2013 and issues FY 2014 EBIT guidance below analysts' estimates
Thursday, 3 Apr 2014 01:00am EDT 

Valora Holding AG:Proposes the payment of a 12.50 Swiss francs dividend per share for 2013.For 2014 expects a rise in EBIT of 3 pct to 7 pct 75 million Swiss francs to 78 million Swiss francs and due to non-recurring effects publish results will amount to 66 million Swiss francs to 70 million Swiss francs while for 2016 expects EBIT of 100 million Swiss francs to 105 million Swiss francs.FY 2014 EBIT of 86.13 million Swiss francs and FY 2016 EBIT of 107 million Swiss francs - Thomson Reuters I/B/E/S.Expects a free cash flow of 60 million Swiss francs for 2014-2016.  Full Article

Valora Holding AG gives FY 2015 EBIT outlook in line with analysts' estimates
Tuesday, 1 Apr 2014 04:03am EDT 

Valora Holding AG:Aims to achieve EBIT of about 100 million Swiss francs until FY 2015.FY 2015 EBIT estimate 98.22 million Swiss francs - Thomson Reuters I/B/E/S.  Full Article

Valora Holding AG Announces CEO Change
Wednesday, 16 Oct 2013 01:00am EDT 

Valora Holding AG announced that its Board of Directors has appointed Mr. Michael Mueller as new Chief Executive Officer (CEO) of the Company as of March 1, 2014. He will succeed Mr. Rolando Benedick, who will then continue solely again as Chairman of Valora's Board of Directors.  Full Article

Valora Holding AG Confirms FY 2013 Guidance
Thursday, 29 Aug 2013 01:00am EDT 

Valora Holding AG announced that it still anticipates its fiscal year 2013 operating profit of some CHF 75 million as a whole, with a further CHF 5 million to CHF10 million in positive one-off effects.  Full Article

Valora Holding AG Announces FY 2012 Dividend
Tuesday, 26 Mar 2013 01:57am EDT 

Valora Holding AG announced that it will distribute fiscal year 2012 dividend in the amount of CHF 12.50 per share, compared to the previous fiscal year's dividend of CHF 11.50 per share.  Full Article

Valora Holding AG Sells Sales & Services Switzerland to Lekkerland Schweiz AG
Wednesday, 23 Jan 2013 01:01am EST 

Valora Holding AG announced that it has decided to sell Sales & Services Switzerland (wholesale goods) business unit, which is engaged in wholesale distribution to third-party retailers to Lekkerland Schweiz AG. Lekkerland, the unit's new owner, has agreed to take on its existing staff and distribution contracts. Both parties have agreed not to disclose the purchase price. Valora and Lekkerland are confident that they will complete this transaction by the second quarter of 2013, subject to agreement from Switzerland's Competition Commission.  Full Article

BRIEF-Valora Holding acquires Naville

* Says acquisition of Naville in french-speaking Switzerland to expand Valora's kiosk and convenience-store business to nationwide scale

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