Production Delay at New Lithuania Plant for Homann Holzwerkstoffe 4.50% Bond till 09/26

• Homann Holzwerkstoffe GmbH has postponed the start of production at its new plant in Lithuania until September 2024.
• The delay is due to the existing environmental permit not being robust enough for economic and competitive production.
• The company has decided to temporarily reduce operating costs at the plant by sending employees to work part-time until the necessary permits are obtained.
• The plant's planned earnings contributions for 2024 will be largely offset by the existing business.
• The company achieved an adjusted operating EBITDA of around EUR 55 million in the 2023 financial year.
• Homann Holzwerkstoffe GmbH is a leading European supplier of thin, refined wooden fibreboards for the furniture, doors, and coatings industries.

The price of Homann Holzwerkstoffe Unternehmensanleihe 4,50 % bis 09/26 at the time of the news was 94,95EUR and was up +1,39 % compared with the previous day.
15 minutes after the article was published, the price was 94,13EUR this corresponds to a minus of -0,86 % since publication.

Homann Holzwerkstoffe Unternehmensanleihe 4,50 % bis 09/26

+1,09 %

+2,10 %

+3,24 %

+4,08 %

+0,05 %

-7,53 %

-3,34 %

-3,34 %

-3,71 %

ISIN:DE000A3H2V19WKN:A3H2V1

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