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Currently, the president and president of the company, Peter Spuhler, owns 80% of the company. Under the IPO, only existing and direct and indirect shares must be offered, Stadler Rail said Tuesday. Spuhler will continue to be involved after the IPO as Stadler's largest shareholder and Chairman of the Board.
The press release did not contain any information on the target value of the float of the shares. Previously, it was assumed that this could be around 35%. Spuhler himself wants to keep a share of around 45%, the "Handelszeitung" reported.
And in recent months, the rumor mill was getting ready. Besides the newspaper "Handelszeitung", the online magazine "Cash" also announced that Stadler was engaged in intensive discussions with potential investors. The date of the IPO was then indicated as April or May.
"Next logical step"
The press release indicates that the planned IPO on SIX Swiss Exchange is a logical step in Stadler's history. It should help to strengthen the long-term competitive position of the company in existing markets and support its future development.
Spuhler's renunciation of a return to politics also makes sense during the IPO. The former National Council of SVP recently stated that he was still responsible for the strategic development of the company.
Stadler manufactures high-speed trains, subways, trams and cogwheels. The company has a strong position in Europe where, according to SCI Verkehr, it is the third largest manufacturer of railway vehicles. Currently, 8'500 employees work for Stadler.
On Tuesday, the company also released its figures for the 2018 fiscal year. Stadler achieved a consolidated net business turnover of 2.0 billion Swiss francs, up from 2.4 billion the previous year.
For the moment, the resumption of sales has not continued in 2018. In 2017, Stadler Rail had overcome the difficult situation that had followed the lifting of the minimum exchange rate of 1.20 euro from the euro. .
Hit by the Frankenschock
The company was hit hard in 2015 by the lifting of the euro floor by the Swiss National Bank (SNB). At that time, sales dropped to 1.8 billion francs, after 1.9 billion francs in 2014 and 2.5 billion francs in 2013.
With regard to the IPO, Stadler Rail also released its financial results for the first time on Tuesday: earnings before interest, taxes, depreciation and amortization (EBITDA) in 2018 was established at 208 million francs against 245 million a year ago. The so-called Ebit of the company amounted to 151 million francs, against 191 million francs the previous year. The corresponding margin in 2018 was therefore 7.5%.
By 2020, the rail vehicle manufacturer continues to rely on a turnover of about 4 billion francs. This assumption is based on the order book at 31 December 2018, which amounted to CHF 13.2 billion, as announced by Stadler.
In addition, by 2020, the company intends to continuously develop its products, consolidate its presence on the European market, accelerate the growth of the service sector and develop its own signaling solutions.
Egger-Jenzer, new member of the board of directors
As Stadler also announced on Tuesday, Barbara Egger-Jenzer, a former board member of the Canton of Bern, was elected to the company's board of directors.
Besides Egger-Jenzer, the committee also includes the former German Federal Minister for the Economy, Werner Müller, former ABB CEO, Fred Kindle, and Christoph Franz, chairman of the board of Roche Holding. (ANF / SDA)
Created: 19.03.2019 at 07:09
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