DGAP-News
SKW Stahl-Metallurgie Holding AG: SKW Metallurgie creates base for financial restructuring and strategic repositioning - Seite 2
the SKW Metallurgie Group strives for an active participation of the Group
as a relevant player in the upcoming market consolidation of the steel
supply industry, in order to return to creating values for its shareholders
after the burden of operative consolidation.
It is visible already now that, based on an operatively solid fourth
quarter, that the guidance for 2016 is to be exceeded despite continuously
demanding market conditions.
On this background the Supervisory Board of the Company emphasizes that the
Sole Member of the Executive Board, Dr. Kay Michel, prolonged his
engagement with the SKW Metallurgie Group until June 30, 2020. The
Chairperson of the Supervisory Board, Volker Stegmann, comments: "Dr.
Michel has already reached remarkable success in restructuring the SKW
Metallurgie Group in the preceding three years. Therefore, the Supervisory
Board welcomes that he remains at the disposal of the Company in
continuously challenging times until 2020, in order to thereby conclude the
financial restructuring and the operative repositioning of the Group."
Finally, the new agreement with the financing banks and the concept for
financial restructuring lay the groundwork for a positive going concern in
the meaning of commercial law. On this basis, the Company will in due
course publish the outstanding financial reports, in particular for
H1-2016. The publication of single-entity and Group accounts for 2016 is
expected for end of March 2017.
Contact
SKW Stahl-Metallurgie Holding AG
Christian Schunck
Head of IR and Corporate Communications
Prinzregentenstr. 68
81675 München
Germany
Phone IR/Press: +49 89 5998923-22
Fax: +49 89 5998923-29
E-Mail: schunck@skw-steel.com
About SKW Stahl-Metallurgie Holding AG and the SKW Metallurgie Group
Lesen Sie auch
The SKW Metallurgie Group is a global market leader for chemical additives
for hot metal desulphurization and for cored wire and other products for
secondary metallurgy. The Group's products enable steel-makers to
efficiently manufacture high-quality steel products. Clients include the
world's leading companies in the steel industry. The SKW Metallurgie Group
has more than 50 years of metallurgical know how, and currently operates in