DGAP-News

Snowbird AG plans IPO in the Prime Standard on Frankfurt Stock Exchange in September - One of the global leading down processors and producer of down textiles, down beddings and duvets

DGAP-News: Snowbird AG / Key word(s): IPO/Market launch
Snowbird AG plans IPO in the Prime Standard on Frankfurt Stock
Exchange in September - One of the global leading down processors and
producer of down textiles, down beddings and duvets

01.09.2014 / 14:12

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Intention to Float - IPO

- Snowbird AG plans IPO in the Prime Standard on Frankfurt Stock Exchange
in September
- One of the global leading down processors and producer of down textiles,
down beddings and duvets
- Fiscal year 2013: revenue 136.9m euro, gross profit 53.0m euro, net
profit 28.3m euro

Munich, 01.09.2014: The Snowbird group is a global leading Chinese down
processor for high quality down and manufacturer of down clothing and down
bedding products. The Initial Public Offering (IPO) of the Snowbird AG, the
German holding company, is scheduled to take place in September 2014 on the
Prime Standard of the Frankfurt Stock Exchange.

Growth story in an expanding market
Currently China supplies some 75% of the world's raw and processed down
exports. With revenue of 136,9m euro in 2013, a net profit of 28.3m euro
and a stable gross profit margin of ca. 40% over the last three years, the
Snowbird group is highly profitable and operates in constantly growing
markets.

Snowbird is currently preparing the next steps in its growth strategy by
expanding production facilities. The new facilities are equipped with state
of the art technology and infrastructure, including down separating towers
for the processing of the down, an own cloth manufacturing facility and a
wastewater treatment facility. It is one of the world's largest down
processing site and enables Snowbird to produce up to 4,130 tons of high
quality down per year.

Additionally with the new sewing plant that is expected to start operations
in Q4/2014, production capacity jumps from 1.9 million today to 8.1 million
pieces per year.

Highly profitable business model
Snowbird operates along the value chain and processes high quality down
which is manufactured inhouse. The historical financial figures show a
strong growth in revenue and profit. The CAGRs (compound annual growth
rates) for the last three years reached 66.9% for revenues and 54.5% for
gross profits respectively, while net profits' CAGR stood at 60.7%. The own
R&D department of the Snowbird group steadily improves the operations, with
the aim of making them as efficient and profitable as possible. Independent