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Schmolz & Bickenbach AG (STLN.S)

STLN.S on Swiss Exchange

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16 Feb 2018
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Latest Key Developments (Source: Significant Developments)

Schmolz & Bickenbach Increases Offer For Asco Industries
Thursday, 18 Jan 2018 12:04pm EST 

Jan 18 (Reuters) - SCHMOLZ & BICKENBACH AG ::INCREASES OFFER FOR ASCO INDUSTRIES.INCREASED OFFER INCLUDES A TOTAL FINANCIAL COMMITMENT OF EUR 195 MILLION.OFFER INCLUDES EUR 82 MILLION IN INVESTMENTS IN ASCO INDUSTRIES' PRODUCTION FACILITIES OVER NEXT 4 YRS.  Full Article

Schmolz + Bickenbach Announces Key Elements Of Its Offer For Asco Industries
Tuesday, 19 Dec 2017 01:00am EST 

Dec 19 (Reuters) - SCHMOLZ + BICKENBACH ::ANNOUNCES KEY ELEMENTS OF ITS OFFER FOR ASCO INDUSTRIES .‍OFFER OF SWISS SCHMOLZ + BICKENBACH GROUP INCLUDES A TOTAL FINANCIAL COMMITMENT OF EUR 135 MILLION​.  Full Article

Schmolz & Bickenbach confirms offer for Asco Industries‍​
Monday, 20 Nov 2017 08:15am EST 

Nov 20 (Reuters) - SCHMOLZ & BICKENBACH AG ::CONFIRMS OFFER FOR ASCO INDUSTRIES‍​.‍THERE IS NO GUARANTEE THAT A SUBMISSION OF AN OFFER WILL ULTIMATELY LEAD TO A TRANSACTION​.  Full Article

Schmolz & Bickenbach Q3 net result shrinks to loss eur 7.0 mln
Thursday, 9 Nov 2017 01:00am EST 

Nov 9 (Reuters) - SCHMOLZ & BICKENBACH AG ::‍SALES VOLUME ROSE 3.6% TO 405 KILOTONS IN Q3 2017 FROM 391 KILOTONS IN Q3 2016​.Q3 ‍ADJUSTED EBITDA AT EUR 38.0 MILLION, UP 19.5%​.‍OUTLOOK FOR FULL-YEAR 2017 CONFIRMED​.Q3 ‍NET RESULT OF EUR -7.0 MILLION COMPARED TO EUR -13.9 MILLION IN Q3 2016​.  Full Article

Schmolz & Bickenbach raises 2017 adj EBITDA outlook
Friday, 11 Aug 2017 01:08am EDT 

Aug 11 (Reuters) - SCHMOLZ & BICKENBACH AG ::Q2 REVENUE 699.8 MILLION EUR UP 13.1% ‍​.RAISES FULL-YEAR OUTLOOK AFTER A SOLID SECOND QUARTER‍​.Q2 NET INCOME 10.0 MILLION EUR VERSUS 2.4 MILLION EUR ‍​YEAR AGO ‍​.Q2 EBITDA 67.7 MILLION EUR VERSUS 49.6 MILLION EUR ‍​YEAR AGO ‍​.NOW SEES 2017 ADJUSTED EBITDA EUR 200 MILLION - EUR 220 MILLION (PREVIOUSLY: EUR 160 MILLION TO EUR 200 MILLION)‍​.  Full Article

Schmolz & Bickenbach Q1 adjusted EBITDA rises to 66.6 mln euros
Wednesday, 3 May 2017 01:00am EDT 

May 3 (Reuters) - Schmolz & Bickenbach AG ::Continued recovery of average sales prices to EUR 1 447 per ton from EUR 1 309 per ton in Q1 2016.Q1 adjusted EBITDA at 66.6 million euros ($72.82 million)compared to 25.0 million euros in Q1 2016; adjusted EBITDA margin improved to 9.4% from 4.1% in Q1 2016.Outlook 2017: normalization of markets expected to continue until mid-year; low visibility on second half-year.Q1 revenues of 707.6 million euros, an increase of 17.2% compared to 603.6 million euros in Q1 of 2016.  Full Article

Schmolz & Bickenbach successfully placed EUR 200 mln offering
Thursday, 6 Apr 2017 09:21am EDT 

Schmolz & Bickenbach AG : Successfully placed 200 million euro ($213.14 million) offering . Notes due 2022 were allocated to orders received in a several times oversubscribed offer launched on April 3, 2017 (the "Offering") .The notes will have a coupon of 5.625 percent and will mature on July 15, 2022.  Full Article

Schmolz & Bickenbach announces offering of 200 million euros of notes
Monday, 3 Apr 2017 01:30am EDT 

Schmolz & Bickenbach AG : Announced an offering of 200 million euros ($213.56 million)of euro-denominated senior secured notes due 2022 . To use proceeds to redeem outstanding portion of senior secured notes due 2019, partial repayment of drawings under company's revolving credit facility .Proceeds also to be used to pay costs, fees and expenses incurred in connection with offering and redemption of existing senior secured notes due 2019.  Full Article

Schmolz & Bickenbach FY adj EBITDA down at 153.2 mln euros
Thursday, 9 Mar 2017 01:00am EST 

Schmolz & Bickenbach AG : FY adjusted EBITDA margin improved to 6.6%, compared to 6.3% in FY 2015 . Sales volume in FY 2016 at 1 724 kilotonnes, 2.2% lower compared to FY 2015 with 1 763 kilotonnes, largely due to production stops in Q3 . FY revenues of 2,314.7 million euros ($2.44 billion), 13.6% lower compared to 2,679.9 million euros in previous year . Adjusted EBITDA decreased by 9.7% to 153.2 million euros from 169.6 million euros in FY 2015; increase of 8.1% in Q4, to 43.9 million euros from 40.6 million euros . For 2017, we are optimistic to significantly improve our results .Forecast 2017 sales volumes comparable to 2016 and an adjusted EBITDA between 160 million and 200 million euros.  Full Article

Schmolz & Bickenbach Q2 revenues at 618.7 million euros, down 14.4 pct
Thursday, 11 Aug 2016 01:00am EDT 

Schmolz & Bickenbach AG : Revenues of 618.7 million euros ($690.78 million) in Q2 2016 down by 14.4 pct from 723.2 million achieved in Q2 2015 . Q2 adjusted EBITDA of 52.5 million euros, lower than 61.1 million euros in Q2 2015 . Q2 consolidated earnings were with 2.4 million euros lower than 4.8 million euros achieved in same quarter last year .Outlook for financial year 2016 confirmed.  Full Article

Deals of the day-Mergers and acquisitions

Jan 29 The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Monday: ** Keurig Green Mountain has struck a deal worth more than $21 billion to combine with soda maker Dr Pepper Snapple Group Inc DPS.N to form a North American drinks company with brands like Green Mountain Coffee, 7UP, Snapple and Sunkist.