News
Ad-hoc Announcement pursuant to § 15 of the German Securities Trade Act (WpHG)
23.07.2004
approx. 12.00 h | ALNO AG returns to profit with a 7.5 m Euro improvement in its result for the first half of 2004
ALNO AG returns to profit with a 7.5 m Euro improvement in its result
for the first half of 2004.
ALNO
AG of Pfullendorf, one of the world’s leading kitchen furniture
manufacturers, returned to profitability for the first time since 1995,
recording a group profit of 3.7 m Euro in the first half of 2004.
Compared to the same period in the previous year the group result
showed an improvement of 7.5 m Euro. This advance is the result of the
restructuring of the group which began in the middle of 2002, and in
the course of which the costs have been reduced in only 2 years by 73.3
m Euro. At the same time the increase in order intake from the core
domestic market has exceeded that of the market sector as a whole by an
average of 35% in each of the last 4 quarters.
Group turnover in the first half of 2004 was 323.9 m Euro,
representing an increase of almost 80% compared with the previous year,
after allowing for the inclusion of the Casawell Group which was
acquired in 2003, and the various disposals in that year. Group Cash
Flow from ongoing trading activities was 24.4 m Euro, an increase of
17.5m Euro (253%) compared to same period last year.
The Group anticipates that its result for the full year will
also show an improved position compared to the previous
year.
End of notification
WKN 778840
ISIN DE
0007788408
Listing: official market in Frankfurt (General
Standard) and Stuttgart
Ad hoc announcement in
accordance with paragraph §14
WpHG(Wertpapierhandelsgesetz = Securities Trade
Act)
5th May 2004, approx.16:00
hALNO AG achieves significant
reduction in losses despite market downturn -
core business
profitable once againOver the course of
the financial year 2003, despite the market being generally depressed,
ALNO AG in Pfullendorf, one of the worlds leading manufacturers of
kitchens and kitchen furniture, achieved a further significant
reduction from the previous years losses of 10.2m EUR (2002) to a loss
in 2003 of 5.6m EUR, an overall reduction of 44.8%. ALNOs core business
within Germany improved its performance to achieve profits of 12.7m EUR
and is in the black for the first time in many years with an EBT
(Earning Before Tax ) of 0.2m EUR. The Groups overall turnover has
risen against that of the previous year by 11%, to reach 440.0m EUR.
The takeover of the Casawell Group, with its associated business
included in the consolidated results for the final quarter of 2003,
made a positive contribution to the development of the
group.
On the basis of its FUTURA strategic platform, ALNO AG
expects to see a further improvement in the development of its results
for the business year 2004.
End of
notification.
WKN 778840
ISIN DE
0007788408
Listing: official market in Frankfurt (General
Standard) and Stuttgart
Ad hoc announcement in
accordance with paragraph §14 WpHG
(Wertpapierhandelsgesetz = Securities Trade
Act)
25th August 2003, approx. 11:15 h
Takeover of Casawell by
ALNO
ALNO AG, Pfullendorf and Whirlpool
Europe s.r.l., Comerio, Italy, have agreed the takeover by ALNO AG of
100% of the shares in Casawell Service GmbH, Enger. In return,
Whirlpool is to take a holding in ALNO AG, with its shareholding
amounting to 10% of the ordinary share capital of ALNO, following the
increase in ALNOs share capital agreed at this years Annual General
Meeting and the allotment of those new shares.
The
amalgamation of these two traditional companies, ALNO and Casawell,
will produce one of the worlds largest manufacturers of kitchens, with
an overall turnover of 685m EUR and over 3,000 employees. The company
is represented in more than fifty countries around the world, with its
core business lying in Europe. The purpose of this union is to be able
to offer the customer, via all available outlets and channels of
distribution, a complete range of products covering every price sector,
all under one roof. In addition to this, further synergistic benefits
in performance and cost are being achieved in the fields of market
development, production, purchasing and administration. The integration
of the Wellmann Group is happening in the spirit of entrepreneurial
independence and of the mutual exploitation of synergies. ALNO AG is
taking over 100% of the companys shares. The takeover remains subject
to obtaining the approval of the Cartel Office.
End of
notification.
WKN 778840
ISIN DE
0007788408
Listing: official market in Frankfurt (General
Standard) and Stuttgart
Ad hoc announcement in
accordance with paragraph §14
WpHG(Wertpapierhandelsgesetz = Securities Trade
Act)
17th July 2003, approx. 12:00h
ALNO planning takeover of
Casawell
ALNO AG, Pfullendorf and
Whirlpool Europe s.r.l., Comerio, Italy, have agreed to integrate
Whirlpools shareholding in Casawell Service GmbH, Enger, into the ALNO
Group of Companies. The integration of the Wellmann Group is happening
in the spirit of entrepreneurial independence and of the mutual
exploitation of synergies. ALNO AG is taking over 100% of the companys
shares. The amalgamation of these two traditional companies, ALNO and
Casawell, will produce one of the worlds largest manufacturers of
kitchens, with an overall turnover of 685m EUR and over 3,000
employees. The company will be represented in more than fifty countries
around the world, with its core business lying in Europe. The purpose
of this union is to be able to offer the customer, via all available
outlets and channels of distribution, a complete range of products
covering every price sector, all under one roof. In addition to this,
further synergistic benefits in performance and cost will be achieved
in the fields of market development, production, purchasing and
administration. The takeover remains subject to obtaining the approval
of the relevant regulatory bodies, to the conclusion and finalisation
of contracts, and to the agreement of the Cartel Office
End
of notification.
WKN 778840
ISIN DE
0007788408
Listing: official market in Frankfurt (General
Standard) and Stuttgart
Ad hoc announcement in
accordance with paragraph §14
WpHG
(Wertpapierhandelsgesetz = Securities Trade
Act)
1st July 2003, approx. 12:30 h
ALNO to sell off subsidiary puris Bad
GmbH
ALNO AG, Pfullendorf, today concluded
a contract with Steinhoff Möbel Holding GmbH, Brunn am Gebirge,
Österreich, for the sale of ALNOs wholly-owned subsidiary puris Bad
GmbH, Brilon. The sale will take place subject to the agreement of the
relevant cartel authorities. The appointed date for the completion of
the sale is 1st January, 2003. Over the course of the business year
2002, puris Bad GmbH achieved a turnover amounting 12.3m EUR through
the production and sale of bathroom furniture.
The sale of
this subsidiary, whose activities lie outside ALNOs core business, sees
ALNO AG continuing its optimisation of its portfolio of shareholdings
as announced during the previous financial year.
End of the
notification.
WKN 778840
ISIN DE
0007788408
Listing: official market in Frankfurt (General
Standard) and Stuttgart
Ad hoc announcement in
accordance with paragraph §14
WpHG
(Wertpapierhandelsgesetz = Securities Trade
Act)
19th May 2003, approx. 14:30 h
ALNO sells shareholding in
FORTE
As of 16th May, 2003, ALNO AG
Pfullendorf, one of Europes leading manufacturers of kitchens and
kitchen furniture, has divested itself of its 32.5% shareholding in the
Polish furniture manufacturer Fabryki Mebli Forte S.A. It has been
agreed that the terms of the transaction are to remain confidential.
This transaction sees ALNO making further progress in realising its
FUTURA strategic programme for the reorientation of the Group, as
introduced in the summer of 2002, which among other things plans for
the company to concentrate more on its core business.
End of
notification.
WKN 778840
ISIN DE
0007788408
Listing: official market in Frankfurt (General
Standard) and Stuttgart
Ad hoc announcement in
accordance with paragraph §14
WpHG
(Wertpapierhandelsgesetz = Securities Trade
Act)
29th April 2003, approx 17:30
h ALNO AG achieves
significant reduction in losses despite market
downturn
Over the year 2002, despite an
overall fall in sales of kitchens within Germany of 10.6%, ALNO AG
Pfullendorf, one of Europes leading manufacturers of kitchens and
kitchen furniture has improved its performance, reducing its loss by
45% from a negative EBT (Earning Before Tax) of 18.6m. EUR in 2001, to
a negative EBT of 10.2m EUR in 2002. The Groups overall turnover
currently amounts to 501.8m EUR, which puts it at 9,1% below that of
the previous year. This means that ALNO AG has kept precisely to the
business forecast made in the spring. ALNO AG is also expecting to see
a further reduction in losses in the financial year 2003. The company
has finished the first quarter of 2003 with a suitable improvement in
its results as compared with the same period of the previous year. The
key factor for the companys positive development during the year 2002
and over the first quarter of 2003 is the companys FUTURA strategy,
which has led to a substantial increase in its efficiency.
End of the notification.
WKN
778840
ISIN DE 0007788408
Listing: official market in
Frankfurt (General Standard) and Stuttgart