Key Developments: Valora Holding AG (VALN.S)

VALN.S on Swiss Exchange

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Latest Key Developments (Source: Significant Developments)

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

Valora Holding AG Completes Acquisition of Ditsch and Brezelkoenig Group of Companies; Issues FY 2012 Operating Profit Guidance Above Analysts' Estimates
Wednesday, 19 Dec 2012 01:01am EST 

Valora Holding AG announced that it has completed its acquisition of the Ditsch and Brezelkoenig group of companies. As part of the completion of its acquisition of the Ditsch and Brezelkoenig group of companies, which came into effect on October 31, 2012, Valora Holding AG created additional share capital amounting to 635,599 new registered shares. The new shares were transferred to Ernst Peter Ditsch in part payment of the agreed provisional purchase price of CHF 367 million. The 635,599 new Valora Holding AG registered shares, which were recorded in the commercial register on November 6, 2012, will be listed on SIX Swiss Exchange and BX Berne eXchange with effect from December 20, 2012. The Company expects to be just on target to report an operating profit of some CHF 65 million for 2012, at the lower end of its guidance range of between CHF 65 and CHF 70 million. According to I/B/E/S estimates, analysts on average are expecting the Company to report for fiscal year 2012 an operating profit of CHF 63.00 million.  Full Article

Valora Holding AG Increases Capital; Ernst Peter Ditsch to Hold 18.5% Stake in Valora Holding AG
Wednesday, 7 Nov 2012 01:03am EST 

Valora Holding AG announced that in connection with the completion of its acquisition of the Ditsch/Brezelkoenig group of companies on October 31, 2012, the Company increased its share capital by CHF 635,599 on November 6, 2012, from CHF 2,800,000 to CHF 3,435,599, by issuing 635,599 registered shares with a nominal value of CHF 1.00 each. Existing shareholders have no subscription rights to these new shares, which have been transferred to Ernst Peter Ditsch in consideration of his transfer to Valora Holding AG of all the outstanding shares of Brezelkoenig GmbH & Co. KG and of Zweite Brezelkoenig Verwaltungs GmbH, both of which have their registered offices in Mainz, Germany. The new shares represent the portion of the Company’s agreed purchase price for this acquisition not paid in cash. In order to expedite the acquisition's completion, the Company applied for a listing moratorium for the new shares. This application has been approved by SIX Swiss Exchange and BX Berne eXchange, the two exchanges where the Company’s shares are listed, for a period which must end on or before January 31, 2013. The shares will remain blocked until they are listed and cannot therefore be traded on these exchanges until then. As a result of this transaction, Ernst Peter Ditsch will hold 18.5% of the Company’s total outstanding shares.  Full Article

Valora Holding AG Completes Acquisition of Brezelbaeckerei Ditsch GmbH and Brezelkoenig GmbH & Co KG
Thursday, 1 Nov 2012 02:30am EDT 

Valora Holding AG announced that it completed the acquisition of Brezelbaeckerei Ditsch GmbH and Brezelkoenig GmbH & Co KG as of October 31, 2012. Financial details were not disclosed.  Full Article

BRIEF-Valora Holding increases syndicated credit facility amount to CHF 200 million

June 30 - Valora Holding AG : * Renews its syndicated credit facility, increasing its amount to CHF 200

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