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    Spekulative Möglichkeit - Exide Technologies (XIDE) - 500 Beiträge pro Seite

    eröffnet am 20.05.05 00:42:43 von
    neuester Beitrag 20.03.07 14:23:47 von
    Beiträge: 68
    ID: 982.418
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    ISIN: US3020512063 · WKN: A0B5F3 · Symbol: EUJ1
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    Letzter Kurs 08.10.14 Stuttgart

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     Ja Nein
      Avatar
      schrieb am 20.05.05 00:42:43
      Beitrag Nr. 1 ()
      Guten Abend, liebe Freunde,

      es war wieder mal Zeit, ins fallende Messer zu greifen. :D

      Excide Technologies (Nasdaq:XIDE) ist Weltmarktführer bei Bleibatterien, wie sie z.B. in Autos verwendet werden. Die Firma blickt auf eine über hundertjährige Geschichte zurück. Der Jahresumsatz bewegt sich in der Region von 2,5 Milliarden Dollar. Man operiert in 89 Ländern, darunter Deutschland, wo u.a. die bekannte Marke Sonnenschein vertrieben wird.

      Das Unternehmen mußte bereits einmal, nach jahrelangen Verlusten, Insolvenz anmelden. Die Restrukturierung nach Chapter 11 wurde im Frühjahr 2004 formell abgeschlossen. Seither werden nicht ganz 25 Millionen `neue` Excide-Aktien gehandelt. Viele davon dürften sich im Besitz ehemaliger Gläubiger befinden.

      Obwohl das Unternehmen nach der Restrukturierung wieder einiges Eigenkapital aufweist, gibt es nach wie vor Probleme. Am Dienstag wurde bekanntgegeben, dass es nicht möglich sein würde, eine Bedingung der noch laufenden Kreditverträge zu erfüllen, nämlich ein EBITDAR von mindestens 122 Millionen Dollar im Fiskaljahr 2005 (welches am 31.3.2005 endete) zu erzielen. Stattdessen werden es nur zwischen 100 und 107 Millionen.

      Bereits im November 2004 mußte eine Bedingung, die sich auf das Leverage bezog, neuverhandelt werden. Das gelang. In der Nachbetrachtung scheint es mir klar, dass spätestens hier davon auszugehen war, dass auch die EBITDAR-convenant unhaltbar sein würde. Trotzdem fiel die Aktie nicht nennenswert.



      Wie wir sehen, war die Wirkung der erneuten Verfehlung auf den Kurs allerdings verheerend, das Papier hat etwa die Hälfte seines Wertes verloren, und ist nun nur mehr mit zirka 130 Millionen Dollar kapitalisiert.

      Bemerkenswert hierbei sind die extrem hohen Umsätze. Der Float, der nur etwas über 20 Millionen Aktien beträgt, wurde in den vergangenen Tagen mehrfach umgeschlagen.

      Ich vermute, dass hier eine ganze Menge Leute short gegangen sind. Die Aktie ist seit heute auf der Liste der restricted shares, die man nicht shorten kann. Das passiert normalerweise immer dann, wenn Lieferschwierigkeiten bei der Aktie aufgrund des hohen Shortanteils auftreten.

      Ziel wäre hier ein kurzfristiger Kursgewinn um die 60 Prozent, ausgehend vom derzeitigen Kurs von $ 5,37. Ein Squeeze scheint im Bereich des Möglichen. Auf Sicht von 3-4 Wochen sollte das Unternehmen verlautbaren, dass die Kondition der Kreditlinie angepaßt wurde. In diesem Fall sollten sich weitere Kursgewinne ergeben.

      Im umgekehrten Fall droht eine neuerliche Reorganisation nach Chapter 11.

      Das Papier kann nur an der NASDAQ sinnvoll gehandelt werden.

      mit freundlichen Grüßen
      der Oberzocker
      Pfandbrief
      Avatar
      schrieb am 20.05.05 01:33:26
      Beitrag Nr. 2 ()
      pfandbrief bist du investiert?
      Avatar
      schrieb am 20.05.05 01:34:34
      Beitrag Nr. 3 ()
      falls ja,mit wieviel shares?
      und wie ist die aktuelle mk von der ag???
      Avatar
      schrieb am 20.05.05 12:58:50
      Beitrag Nr. 4 ()
      1. Ja
      2. Sag ich nicht
      3. 131 Millionen Dollar.
      Avatar
      schrieb am 20.05.05 13:32:37
      Beitrag Nr. 5 ()
      Zu 3) Gerüchten zufolge sind es deutlich mehr als 1.000 Aktien

      Trading Spotlight

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      Was die Börsencommunity nach Ostern auf keinen Fall verpassen willmehr zur Aktie »
      Avatar
      schrieb am 20.05.05 13:33:43
      Beitrag Nr. 6 ()
      zu 2) sollte es natürlich heißen
      Avatar
      schrieb am 20.05.05 17:42:35
      Beitrag Nr. 7 ()
      Es ist immer noch Druck drauf, wenn er auch deutlich nachgelassen hat. Momentan gibt es Stücke für $ 5.24. Umsatz bisher ca. 1 Million Stück.
      Avatar
      schrieb am 20.05.05 20:53:03
      Beitrag Nr. 8 ()
      Haben die nicht auch damals Sonnenschein geschluckt?
      Big player jedenfalls...bin mal dabei...:D
      Avatar
      schrieb am 20.05.05 20:58:13
      Beitrag Nr. 9 ()
      pfandbrief

      also die marke sonnenschein kenn ich gut
      sind die letzte zeit öfters in neuwagen drin
      im ersatzteilgeschäft drängen sie auch wieder stärker auf den markt:eek::eek:
      und mit den shorteindeckungen könnte auch passen.

      na schaun ma mal die nächsten tage was so passiert:D:D
      Avatar
      schrieb am 20.05.05 22:15:02
      Beitrag Nr. 10 ()
      Technisch siehts bescheiden aus, wir haben wieder nahe Tagestief geschlossen. Die Shorts scheinen keinerlei Eile zu haben. Nächste Woche wird wohl eine Vorentscheidung bringen.
      Avatar
      schrieb am 21.05.05 01:12:22
      Beitrag Nr. 11 ()
      Ein prominenter Verkäufer dieser Tage: :D

      UPDATE 1-Soros cuts stake in Exide to below 5 pct
      Fri May 20, 2005 06:47 PM ET
      (Adds background from previous filing)
      WASHINGTON, May 20 (Reuters) - Billionaire financier George Soros`s investment fund has reduced its stake in lead battery maker Exide Technologies (XIDE.O: Quote, Profile, Research) to less than 5 percent, according to a U.S. regulatory filing on Friday.

      Soros Fund Management sold 699,300 shares from April 25 to May 20 at prices ranging from $5.22 to $12.31 per share, according to a filing with the U.S. Securities and Exchange Commission.

      The transactions left Soros with more than 1.1 million shares, or 4.5 percent, in Exide, which emerged from bankruptcy protection in May, according to the SEC filing.

      In a March filing, Soros Fund Management had reported owning just over 1.8 million shares or a 7.3 percent stake in Exide.

      Exide shares closed down 4.7 percent, or 25 cents, at $5.13 on Nasdaq.


      © Reuters 2005. All Rights Reserved.

      --------------
      Soros und viele andere stecken noch in den Aktien, weil sie wohl Gläubiger waren und sie beim Bankrott nehmen mußten.
      Avatar
      schrieb am 21.05.05 18:43:56
      Beitrag Nr. 12 ()
      @Serang
      Namen wie Sonnenschein, HAGEN Batterie, DETA etc. mögen sehr wohlklingend sein. Niemand sollte sich jedoch über die völlig desaströse Lage von EXIDE Technologies hinwegtäuschen lassen. Die Synergieformel "1+1=3" ging bei EXIDE noch nie auf. Schulden über Schulden über Schulden. Adlerauge sei wachsam!!!
      Avatar
      schrieb am 21.05.05 19:30:57
      Beitrag Nr. 13 ()
      Lesezeichen.
      Pfandbrief am Kriegspfad muß beobachtet werden :)
      Avatar
      schrieb am 23.05.05 16:06:07
      Beitrag Nr. 14 ()
      Bricht weiter ab. Viel mehr möchte ich davon nun nicht mehr kaufen. :rolleyes:

      Aktuell $ 4.58.
      Avatar
      schrieb am 23.05.05 18:42:50
      Beitrag Nr. 15 ()
      noch fällt das Messer :eek:
      Avatar
      schrieb am 23.05.05 21:28:57
      Beitrag Nr. 16 ()
      @Pfandbrief
      Ich denke, ich bleibe wohl mal lieber bei Huhtamaki (HUH1V).
      Denn Eier werden die Menschen doch immer essen. :)
      Avatar
      schrieb am 23.05.05 22:15:39
      Beitrag Nr. 17 ()
      Überraschenderweise gab es zum Schluß keine margin-call-bedingten Verkäufe mehr. Es bleibt also erst mal bei knapp über $ 4.50.

      Die Nachricht über Soros` Ausstieg hat wohl die letzten aus dem Papier getrieben. Man sollte aber bedenken, dass diese Instis die Aktie eigentlich nie haben wollten, sondern sie angedient bekamen.

      Wieder über 4 Millionen Stück Umsatz, ein weiteres Fünftel des Floats umgeschlagen.
      Avatar
      schrieb am 23.05.05 23:26:14
      Beitrag Nr. 18 ()
      @Pfandbrief :confused:
      Oder sollte ich lieber Huhtamaki gegen Exide tauschen was meinst Du?
      Avatar
      schrieb am 24.05.05 19:40:51
      Beitrag Nr. 19 ()
      das Messer fällt weiter :rolleyes:
      langsam mache ich mir Sorgen um die Bonität des Kollegen Pfandbrief ;)
      Avatar
      schrieb am 24.05.05 20:59:22
      Beitrag Nr. 20 ()
      Nur die Ruhe. Die Fallgeschwindigkeit verlangsamt sich. :D
      Avatar
      schrieb am 26.05.05 00:27:40
      Beitrag Nr. 21 ()


      :rolleyes:
      Avatar
      schrieb am 31.05.05 18:22:52
      Beitrag Nr. 22 ()
      Deshalb ist es grad wieder über 5 gesprungen:

      Exide Technologies Awarded Battery Contracts for Dutch, Malaysian Navy Submarines
      Tuesday May 31, 12:06 pm ET


      ALPHARETTA, Ga.--(BUSINESS WIRE)--May 31, 2005--Exide Technologies (NASDAQ: XIDE - News; www.exide.com), a global leader in stored electrical-energy solutions, announced today that it has been awarded two contracts for military submarine batteries. The total value for the two orders is approximately EUR 8.4 million.
      The Royal Netherlands Navy has contracted Exide to supply HAGEN batteries to serve as the main lead-acid batteries for its Walrus-class submarines. The contract anticipates delivery by March 2006.

      Exide also has been awarded a contract by Navantia in Cartagena, Spain, to provide two sets of HAGEN propulsion batteries for Scorpene-class submarines that Navantia is building with France-based DCN International for the Royal Navy of Malaysia. The batteries are ordered for delivery in August 2006 and May 2007. Exide also provided the batteries for the Scorpene attack submarines recently built for the Chilean Navy.

      "It is a tribute to our product technology, quality and reliability that Exide`s batteries have been selected for these demanding applications," said Neil Bright, President - Industrial Energy Europe. "The Scorpene order is particularly significant for Exide because our technology was again selected for this new class of submarine."

      The batteries for both orders will be manufactured at Exide`s Industrial Energy plant in Bad Lauterberg, Germany. HAGEN submarine batteries have been an industry-leading brand for more than 40 years.

      About Exide Technologies

      Exide Technologies, with operations in 89 countries, is one of the world`s largest producers and recyclers of lead-acid batteries. The Company`s four global business groups - Transportation Americas, Transportation Europe and Rest of World, Industrial Energy Americas and Industrial Energy Europe and Rest of World - provide a comprehensive range of stored electrical energy products and services for industrial and transportation applications.

      Transportation markets include original-equipment and aftermarket automotive, heavy-duty truck, agricultural and marine applications, and new technologies for hybrid vehicles and 42-volt automotive applications. Industrial markets include network power applications such as telecommunications systems, electric utilities, railroads, photovoltaic (solar-power related) and uninterruptible power supply (UPS), and motive-power applications including lift trucks, mining and other commercial vehicles.

      Further information about Exide, including its financial results, are available at www.exide.com.



      --------------------------------------------------------------------------------
      Contact:
      Exide Technologies, Alpharetta
      Media Contact
      Alan Chapple, 678-566-9514
      alan.chapple@exide.com
      or
      Investor Contact
      Tim Gargaro, 678-566-9000
      tim.gargaro@exide.com
      Avatar
      schrieb am 31.05.05 22:07:26
      Beitrag Nr. 23 ()
      Wir bleiben im in #1 angesprochenen Zeitrahmen:

      Exide Technologies to Formally Launch Amendments for Senior Credit Facility
      Tuesday May 31, 4:04 pm ET


      ALPHARETTA, Ga.--(BUSINESS WIRE)--May 31, 2005--Exide Technologies (NASDAQ: XIDE - News, www.exide.com - News), a global leader in stored electrical-energy solutions, announced today that the Company and its administrative agent will meet with secured lenders on Thursday, June 2, 2005 to formally launch amendments to its $365 million senior credit facility.
      About Exide Technologies

      Exide Technologies, with operations in 89 countries, is one of the world`s largest producers and recyclers of lead-acid batteries. The Company`s four global business groups - Transportation Americas, Transportation Europe and Rest of World, Industrial Energy Americas and Industrial Energy Europe and Rest of World - provide a comprehensive range of stored electrical energy products and services for industrial and transportation applications.

      Transportation markets include original-equipment and aftermarket automotive, heavy-duty truck, agricultural and marine applications, and new technologies for hybrid vehicles and 42-volt automotive applications. Industrial markets include network power applications such as telecommunications systems, electric utilities, railroads, photovoltaic (solar-power related) and uninterruptible power supply (UPS), and motive-power applications including lift trucks, mining and other commercial vehicles.

      Further information about Exide, including its financial results, are available at www.exide.com.
      Avatar
      schrieb am 02.06.05 18:24:15
      Beitrag Nr. 24 ()
      Heute abend wird es wieder spannend, vielleicht erhalten wir die Resultate der Konferenz mit den Gläubigern.

      Das Präsentationsmaterial auf der heutigen Konferenz ist als SEC-Filing verfügbar:

      http://yahoo.brand.edgar-online.com/doctrans/finSys_main.asp…

      Es enthält zahlreiche Angaben über Marktanteile bei Autobatterien, Batterien für Telekommunikationsgeräte und sonstige Batterien in den USA und Europa.

      Der Kurs steht wieder $ 5.42.
      Avatar
      schrieb am 05.06.05 00:49:39
      Beitrag Nr. 25 ()
      :)
      @Pfandbrief
      Hast Du noch nie etwas von Energizer Holdings Incorporated (NYSE ENR) und von der Rayovac Corporation (NYSE SPC) gehört? Ich denke das sind die führenden Batteriehersteller weltweit, oder wie sieht das Pfandbrief? Exide Technologies (Nasdaq XIDE) erscheint mir dagegen ganz schön spekulativ. Na gut, wer die Spekulation mag, könnte es riskieren.
      Avatar
      schrieb am 05.06.05 18:01:58
      Beitrag Nr. 26 ()
      Amph,

      die beiden von Dir genannten Unternehmen haben nur kleine Überlappungen mit Exides Tätigkeitsbereich. Batterie ist schließlich nicht Batterie. Ein Name wie Energizer ist natürlich jedermann ein Begriff, weil sie eben die kleinen Haushaltsbatterien herstellen, die wir alle im Laden kaufen. Spectrum Brands erzeugt ebenfalls Batterien in einem Programm, das auf reine Konsumgüter zielt. Damit sind die beiden natürlich erheblich weniger konjunkturanfällig als Exide mit ihren Großbatterien, die neben dem Transportbereich stark auf industrielle Batterienutzungen zielen.

      Es wird Dir nicht entgangen sein, wie hoch die Bewertung der von Dir genannten Unternehmen ist. Energizer hat eine Marktkapitalisierung von über 4,5 Milliarden USD, bei letztjährigen Umsätzen von 2,8 Milliarden USD und Gewinnen von 270 Millionen USD. SPC ist etwa halb so groß, hat keine besonders nett aussehende Bilanz und kostet auch noch 1,9 Milliarden USD.

      Zum Vergleich: XIDE`s equity kostet bei einem Jahresumsatz von 2,5 Milliarden USD, also kaum weniger als Energizer, nur 125 Millionen USD.
      Avatar
      schrieb am 07.06.05 19:19:23
      Beitrag Nr. 27 ()
      Mehr eine PR-Meldung...auf das Ergebnis der Gläubigerverhandlungen warten wir immer noch. Für den Kurssturz vor einer Stunde scheint es keine Erklärung zu geben. Inzwischen erholt sich die Aktie wieder leicht.

      -----------------

      ALPHARETTA, Ga.--(BUSINESS WIRE)--June 7, 2005--Exide Technologies (NASDAQ: XIDE - News; www.exide.com), a global leader in stored electrical-energy solutions, announced today that it has been recognized as a Certified Supplier by BT Products AB Powered Trucks in Sweden for its performance in 2004. BT Products AB is a part of Toyota Industries Corporation.
      The certification process measures supplier performance in such areas as on-time delivery, quality and service. Exide attained a 99 percent supplier rating for all of 2004, including 100 percent ratings during the first and third quarters of the year. This is the second time that Exide has received this award.

      "We are pleased to know that we are providing our customers with products, services and solutions that they value, because we fully understand that a successful supplier is a byproduct of a successful and satisfied customer," said Neil Bright, President - Industrial Energy Europe at Exide. "To receive this kind of recognition from a member of the Toyota group, which is known for its demanding expectations of its suppliers, is especially gratifying."

      About Exide Technologies

      Exide Technologies, with operations in 89 countries, is one of the world`s largest producers and recyclers of lead-acid batteries. The Company`s four global business groups - Transportation Americas, Transportation Europe and Rest of World, Industrial Energy Americas and Industrial Energy Europe and Rest of World - provide a comprehensive range of stored electrical energy products and services for industrial and transportation applications.

      Transportation markets include original-equipment and aftermarket automotive, heavy-duty truck, agricultural and marine applications, and new technologies for hybrid vehicles and 42-volt automotive applications. Industrial markets include network power applications such as telecommunications systems, electric utilities, railroads, photovoltaic (solar-power related) and uninterruptible power supply (UPS), and motive-power applications including lift trucks, mining and other commercial vehicles.

      Further information about Exide, including its financial results, are available at www.exide.com.
      Avatar
      schrieb am 08.06.05 15:33:47
      Beitrag Nr. 28 ()
      Die Kredite wurden verlängert.

      Siehe http://yahoo.brand.edgar-online.com/doctrans/finSys_main.asp…

      Interessanterweise steigt es noch nicht...$ 4.90...
      Avatar
      schrieb am 08.06.05 15:37:03
      Beitrag Nr. 29 ()
      okay...formal ist es noch nicht durch, ist nur der Vorschlag von Exide, aber man darf wohl damit rechnen dass es so kommt. Habe mir nicht jede Änderung im Detail angesehen, aber es läuft wohl darauf hinaus, dass die Bedingungen kurzfristig entsprechend gelockert werden.
      Avatar
      schrieb am 13.06.05 21:18:30
      Beitrag Nr. 30 ()
      und bingo

      Exide Technologies Obtains Covenant Amendments to Senior Credit Facility
      Monday June 13, 3:14 pm ET


      ALPHARETTA, Ga.--(BUSINESS WIRE)--June 13, 2005--Exide Technologies (NASDAQ: XIDE - News; www.exide.com), a global leader in stored electrical-energy solutions, announced today that it has obtained amendments to its senior credit facility. The final terms of the amendments will be included in a Form 8-K to be filed with the U.S. Securities and Exchange Commission shortly.
      "We appreciate the continued support of our lenders. Our new leadership team is committed to taking the appropriate actions to ensure that Exide continues to be a competitive organization," said Gordon A. Ulsh, President and Chief Executive Officer.
      Avatar
      schrieb am 13.06.05 22:08:21
      Beitrag Nr. 31 ()
      Die Pensionsverbindlichkeiten können auch abgestottert werden, zweiter Waiver heute, war wohl an die Verhandlungen mit den Banken gebunden:

      Exide Technologies Completes Pension Waiver Process
      Monday June 13, 3:53 pm ET


      ALPHARETTA, Ga.--(BUSINESS WIRE)--June 13, 2005--Exide Technologies (NASDAQ: XIDE - News; www.exide.com), a global leader in stored electrical-energy solutions, announced today that it has completed the process of obtaining its pension waivers for Plan Years 2003 and 2004.
      On November 17, 2004, the Internal Revenue Service granted Exide a temporary waiver of unfunded liabilities of approximately $50 million for Plan Years 2003 and 2004, subject to satisfying certain conditions, including securing the waived amounts in a manner acceptable to the Pension Benefit Guaranty Corporation. As of today, Exide has reached agreement with the PBGC regarding acceptable security for the waived pension liabilities which will be paid over a five-year period through 2010.
      Avatar
      schrieb am 16.06.05 18:52:08
      Beitrag Nr. 32 ()
      Bis jetzt ist eigentlich alles gelaufen wie geplant. Bis auf den Kurs, der nicht und nicht steigen will. :rolleyes:

      Avatar
      schrieb am 28.06.05 14:51:18
      Beitrag Nr. 33 ()
      Leider ist es noch nicht ausgestanden, wie der Kurs ja auch zeigt. Exide wird nur ein eingeschränktes Testat bekommen. Das stellt wiederum eine Verletzung der Kreditbedingungen dar. Obwohl kaum daran zu zweifeln ist, dass auch hier wieder ein Waiver gegeben werden wird, zeigt das, wie sehr das Unternehmen von den Gläubigern abhängt.

      Vorbörslich geht es erst mal runter.

      ALPHARETTA, Ga.--(BUSINESS WIRE)--June 27, 2005--Exide Technologies (NASDAQ: XIDE - News; www.exide.com) announced that it was advised today by its independent auditor, PricewaterhouseCoopers LLC, that its report on Exide`s consolidated financial statements as of and for the fiscal year ended March 31, 2005 will contain a going-concern qualification. The Company understands that this qualification will be expressed due to concern about its ability to meet the financial covenants for the 2006 fiscal year in its Credit Agreement, as amended.
      ADVERTISEMENT



      Exide also stated that its Form 10-K Annual Report, which will be filed shortly with the U.S. Securities and Exchange Commission, will report that the Company has concluded that as a result of its review of internal controls under Section 404 of the Sarbanes-Oxley Act as of fiscal year-end that there were two material weaknesses in the controls relating to the period-end financial reporting processes and the period-end accounting for income taxes.

      The going-concern qualification in the Company`s audit report will result in a default under the Company`s Credit Agreement. The Company is working with the agent for its bank group to obtain a waiver of this default, but there can be no assurance that it will be able to obtain such a waiver. The Company will not be able to make further borrowings under its Credit Agreement until such a waiver is obtained.

      About Exide Technologies
      Avatar
      schrieb am 30.06.05 14:40:52
      Beitrag Nr. 34 ()
      Diesmal ging es flott mit dem Waiver. Kurs geht wieder rauf.

      ALPHARETTA, Ga.--(BUSINESS WIRE)--June 29, 2005--Exide Technologies (NASDAQ: XIDE - News; www.exide.com) announced today that the Company has secured from its bank group a Credit Agreement amendment and waiver related to a qualified going-concern opinion that was included in its 10-K Annual Report for the fiscal year ended March 31, 2005, which was filed today with the U.S. Securities and Exchange Commission.
      ADVERTISEMENT



      The going-concern opinion resulted in a default under the Company`s Credit Agreement and prevented Exide from borrowing under its Credit Agreement. With the amendment and waiver, the Company now has access to borrowings under its Credit Agreement.

      "We appreciate the rapid action by our bank group in addressing this issue so the Company can once again focus on running the business and meeting the expectations of our shareholders and customers," said Gordon A. Ulsh, President and Chief Executive Officer.
      Avatar
      schrieb am 01.07.05 18:52:05
      Beitrag Nr. 35 ()
      10-K filing ist endlich da, hier die Kurzmeldung:

      ALPHARETTA, Ga.--(BUSINESS WIRE)--June 30, 2005--Exide Technologies (NASDAQ: XIDE - News; www.exide.com) a global leader in stored electrical-energy solutions, announced today that it had filed its Annual Report on Form 10-K for the fiscal year ended March 31, 2005 on June 29, 2005.
      On a combined basis, as noted in the Form 10-K, the Company reported net sales of $2.69 billion in fiscal 2005 compared with $2.5 billion in fiscal 2004. This increase was principally attributable to currency benefits and lead-related pricing actions.

      Net income as reported (including the effect of Fresh Start accounting) was $1,281.6 million in fiscal 2005 compared with a net loss of $114.1 million in fiscal 2004.

      The Company, as it has said in the past, uses adjusted EBITDA here as a key measure of its operational financial performance, and it is also a key element of the covenants in its bank agreements. This measure underlies the Company`s operational performance and excludes the nonrecurring impact of the Company`s current restructuring actions. Adjusted EBITDA is defined as earnings before interest, taxes, depreciation, amortization and restructuring charges. The Company`s adjusted EBITDA definition also adjusts reported earnings for losses from discounts on sales of accounts receivable, the effect of noncash currency remeasurement gains or losses, the noncash gain or loss from revaluation of the Company`s warrants liability and noncash gains or losses on asset sales.

      The Company`s final results were at the higher end of preliminary expectations announced to the investment community on May 16, 2005. At that time, the Company provided an expectation that it would report adjusted EBITDA in the range of $100-107 million. The Company`s actual results reported for the fiscal year ended March 31, 2005 reflect adjusted EBITDA of $105.7 million.

      The Company also indicated that as a result of securing the amendment of its Credit Agreement, announced yesterday, certain debt obligations amounting to approximately $600 million, which had been classified as current in the consolidated balance sheet as of March 31, 2005, would be reclassified as non-current in future filings.

      The Company plans to conduct a conference call in July to provide the investment community with a business update. The date and time of the call will be provided in advance of the call.

      Exide Technologies
      Adjusted EBITDA Reconciliation by Segment
      Fiscal Year Ended March 31, 2005
      (in millions)

      Fiscal Year Ended March 31, 2005

      Transportation Industrial Energy
      ------------------ --------------------
      Europe Europe
      North and North and
      America ROW America ROW Other Total
      --------- -------- --------- ------- --------- ---------
      Net income
      (loss) $(104.8) $(105.5) $(19.5) $(95.8) $1,607.2 $1,281.6

      Interest
      expense, net - - - - 51.5 51.5
      Income tax
      provision
      (benefit) - - - - 11.7 11.7
      Fresh Start
      accounting
      adjustments,
      net - - - - (228.4) (228.4)
      Gain on
      discharge of
      liabilities
      subject to
      compromise - - - - (1,558.8) (1,558.8)
      --------- -------- --------- ------- --------- ---------
      EBIT (excluding
      Fresh Start
      adjustments and
      gain on
      discharge of
      liabilities
      subject to
      compromise) (104.8) (105.5) (19.5) (95.8) (116.8) (442.4)

      Depreciation
      and
      amortization 26.5 32.3 10.6 33.6 13.6 116.6
      Goodwill
      impairment 122.0 112.2 37.4 116.9 - 388.5
      Reorganization
      items, net - - - - 30.0 30.0
      Restructuring
      and impairment 3.6 26.7 - 8.1 4.7 43.1
      Other
      restructuring
      costs included
      in general and
      administrative
      expenses 0.7 - 0.1 1.2 3.0 5.0
      Currency
      remeasurement
      loss (gain) - - - - 3.7 3.7
      Loss on
      revaluation of
      foreign
      currency
      forward
      contract - - - - 13.2 13.2
      Unrealized gain
      on revaluation
      of warrants - - - - (63.1) (63.1)
      Loss (gain) on
      sale of
      capital assets 0.1 (0.1) 0.1 5.4 2.1 7.6
      Non-cash
      increase in
      cost of sales
      from Fresh
      Start
      inventory
      step-up 0.9 1.0 0.2 1.4 - 3.5
      Other non-cash
      losses (gains) 1.5 2.4 0.6 (1.8) (2.7) -

      --------- -------- --------- ------- --------- ---------
      Adjusted
      EBITDA $50.5 $69.0 $29.5 $69.0 $(112.3) $105.7
      ========= ======== ========= ======= ========= =========

      Successor Predecessor
      Company Company Total
      --------- ----------- ----------

      Net income (loss) $(467.0) $1,748.6 $1,281.6

      Interest expense, net 42.7 8.8 51.5
      Income tax provision (benefit) 14.2 (2.5) 11.7
      Fresh Start accounting
      adjustments, net - (228.4) (228.4)
      Gain on discharge of liabilities
      subject to compromise - (1,558.8) (1,558.8)
      --------- ----------- ----------
      EBIT (excluding Fresh Start
      adjustments and gain on
      discharge of liabilities
      subject to compromise) (410.1) (32.3) (442.4)

      Depreciation and amortization 108.7 7.9 116.6
      Goodwill impairment 388.5 - 388.5
      Reorganization items, net 11.6 18.4 30.0
      Restructuring and impairment 42.5 0.6 43.1
      Other restructuring costs
      included in general and
      administrative expenses 5.0 - 5.0
      Currency remeasurement loss
      (gain) (2.6) 6.3 3.7
      Loss on revaluation of foreign
      currency forward contract 13.2 - 13.2
      Unrealized gain on revaluation
      of warrants (63.1) - (63.1)
      Loss (gain) on sale of capital
      assets 7.6 - 7.6
      Non-cash increase in cost of
      sales from Fresh Start
      inventory step-up 3.5 - 3.5
      Other non-cash losses (gains) - - -
      --------- ----------- ----------
      Adjusted EBITDA $104.8 $0.9 $105.7
      ========= =========== ==========



      Exide Technologies
      Adjusted EBITDA Reconciliation by Segment
      Fiscal Year Ended March 31, 2004
      (in millions)

      Fiscal Year Ended March 31, 2004

      Transportation Industrial Energy
      ------------------ --------------------
      Europe Europe
      North and North and
      America ROW America ROW Other Total
      --------- -------- --------- ------- --------- ---------
      Net income
      (loss) $63.0 $75.7 $14.4 $4.4 $(271.6) $(114.1)

      Interest
      expense, net - - - - 99.0 99.0
      Income tax
      provision
      (benefit) - - - - 3.3 3.3
      --------- -------- --------- ------- --------- ---------
      EBIT 63.0 75.7 14.4 4.4 (169.3) (11.8)

      Depreciation
      and
      amortization 23.8 24.4 12.6 26.8 10.2 97.8
      Reorganization
      items, net - - - - 67.0 67.0
      Restructuring
      and impairment 2.0 8.5 - 38.4 3.8 52.7
      Other
      restructuring
      costs included
      in general and
      administrative
      expenses - - - - 0.8 0.8
      Currency
      remeasurement
      loss (gain) - - - - (43.8) (43.8)
      Loss (gain) on
      sale of
      capital assets (1.9) 0.1 (1.5) (1.9) (4.5) (9.7)
      Minority
      interest - - - - 0.5 0.5
      Cumulative
      effect of
      change in
      accounting
      principle - - - - 15.6 15.6
      Losses on sales
      of accounts
      receivable - - - - 11.3 11.3
      Other non-cash
      losses (gains) - - - - - -

      --------- -------- --------- ------- --------- ---------
      Adjusted
      EBITDA $86.9 $108.7 $25.5 $67.7 $(108.4) $180.4
      ========= ======== ========= ======= ========= =========


      Exide Technologies
      Adjusted EBITDA Reconciliation by Segment
      Fiscal Year Ended March 31, 2003
      (in millions)

      Fiscal Year Ended March 31, 2003

      Transportation Industrial Energy
      ------------------ --------------------
      Europe Europe
      North and North and
      America ROW America ROW Other Total
      --------- -------- --------- ------- --------- ---------
      Net income
      (loss) $63.7 $82.6 $4.6 $(5.4) $(286.4) $(140.9)

      Interest
      expense, net - - - 105.8 105.8
      Income tax
      provision
      (benefit) - - - - 27.0 27.0

      --------- -------- --------- ------- --------- ---------
      EBIT 63.7 82.6 4.6 (5.4) (153.6) (8.1)

      Depreciation
      and
      amortization 25.9 20.4 12.0 22.6 10.9 91.8
      Goodwill
      impairment - - - 37.0 37.0
      Reorganization
      items, net - - - - 36.4 36.4
      Restructuring
      and impairment 5.1 5.6 4.8 9.6 0.6 25.7
      Other
      restructuring
      costs included
      in general and
      administrative
      expenses - 0.2 - 2.1 2.3
      Currency
      remeasurement
      loss (gain) - - - - (22.8) (22.8)
      Loss (gain) on
      sale of
      capital assets - - - (0.2) (0.8) (1.0)
      Minority
      interest - - - - 0.2 0.2
      Losses on sales
      of accounts
      receivable - - - - 12.0 12.0
      Other non-cash
      losses
      (gains) (2.2) 0.6 (1.2) 3.0 3.9 4.1

      --------- -------- --------- ------- --------- ---------
      Adjusted
      EBITDA $92.5 $109.4 $20.2 $68.7 $(113.2) $177.6
      ========= ======== ========= ======= ========= =========

      About Exide Technologies

      Exide Technologies, with operations in 89 countries, is one of the world`s largest producers and recyclers of lead-acid batteries. The Company`s four global business groups - Transportation Americas, Transportation Europe and Rest of World, Industrial Energy Americas and Industrial Energy Europe and Rest of World - provide a comprehensive range of stored electrical energy products and services for industrial and transportation applications.

      Transportation markets include original-equipment and aftermarket automotive, heavy-duty truck, agricultural and marine applications, and new technologies for hybrid vehicles and 42-volt automotive applications. Industrial markets include network power applications such as telecommunications systems, electric utilities, railroads, photovoltaic (solar-power related) and uninterruptible power supply (UPS), and motive-power applications including lift trucks, mining and other commercial vehicles.

      Further information about Exide, including its financial results, is available at www.exide.com.
      Avatar
      schrieb am 08.07.05 15:03:02
      Beitrag Nr. 36 ()
      SEC ermittelt wegen der bisherigen Filings. Genaueres weiß man nicht, aber ich könnte mir vorstellen, dass ihnen die voreilige Bekanntgabe des Kredit-Waivers (siehe früher in diesem Thread, hatte mich auch verwirrt) nicht gefällt.

      NEW YORK, July 8 (Reuters) - Exide Technologies (XIDE.O: Quote, Profile, Research) , one of the world`s largest makers of lead-acid batteries, on Friday said U.S. regulators have started a preliminary inquiry into the company.
      Alpharetta, Georgia-based Exide said the U.S. Securities and Exchange Commission is looking into statements the company has made about its ability to comply with fiscal 2005 loan covenants, as well as a "going concern" qualification in an audit report filed as part of a 10-K last month.

      The SEC has noted the inquiry should not be seen as an indication that any laws have been violated, according to the company.
      Avatar
      schrieb am 12.07.05 15:17:20
      Beitrag Nr. 37 ()
      Die Verzögerungen beim 10-k erfordern die Verlegung der Hauptversammlung.

      ALPHARETTA, Ga.--(BUSINESS WIRE)--July 12, 2005--Exide Technologies (NASDAQ: XIDE - News; www.exide.com), a global leader in stored electrical-energy solutions, announced today that the Board of Directors has rescheduled its annual meeting of stockholders for August 30, 2005. The meeting date had previously been announced as August 4, 2005.
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      The Board of Directors also reset the record date to July 22, 2005 for stockholders entitled to notice of or to vote at the August annual meeting of stockholders. The previous record date was June 17, 2005. Exide will advise stockholders of record regarding the time and location of the annual meeting in its forthcoming notice of meeting proxy statement.
      Avatar
      schrieb am 13.07.05 18:24:19
      Beitrag Nr. 38 ()
      Umbesetzungen im Vorstand & die üblichen Lobeshymnen -- der Vollständigkeit halber:

      ALPHARETTA, Ga.--(BUSINESS WIRE)--July 12, 2005--Exide Technologies (NASDAQ: XIDE - News; www.exide.com), a global leader in stored electrical-energy solutions, today announced the appointment of George S. Jones Jr. as Executive Vice President - Human Resources, effective immediately.
      ADVERTISEMENT


      He succeeds Janice M. Jones, who has elected not to relocate from New Jersey to Exide`s new corporate offices in Georgia. She will remain with the Company up to the end of the calendar year to work on special projects.

      "Having previously worked with George, I know he will bring a unique blend of operational experience and human resource expertise to his new role," said Exide President and Chief Executive Officer Gordon A. Ulsh. "His background will enable him to lead the human resources organization and provide the strategic and tactical support needed to drive profitability, passion for our customers, uncompromising quality and a company-wide culture of pride and commitment."

      Mr. Jones joins Exide after a highly successful career of nearly 30 years with Cooper Industries Inc. Most recently, he served as Vice President - Operations for Cooper Lighting, a $1.3 billion division headquartered in Peachtree City, Georgia. Mr. Jones also served as Vice President - Human Resources for Cooper Lighting; Director - Human Resources for Wagner Lighting in Cooper`s Automotive Group; and Director - Human Resources in Cooper`s Petroleum Equipment Group.

      Mr. Jones holds a bachelor`s degree in industrial relations from Temple University.

      ALPHARETTA, Ga.--(BUSINESS WIRE)--July 13, 2005--Exide Technologies (NASDAQ: XIDE - News; www.exide.com), a global leader in stored electrical-energy solutions, announced today that Mark W. Cummings will join the Company as Vice President - Global Environmental, Health & Safety, effective July 25.
      ADVERTISEMENT


      "I have known Mark for many years, and he shares my belief that a company`s performance in the areas of safety, environmental protection and compliance, and occupational health is indicative of its overall business performance," said Exide President and Chief Executive Officer Gordon A. Ulsh. "I am pleased that Mark has agreed to lead Exide`s effort on environmental, health and safety practices."

      Mr. Cummings has 20 years of engineering, legal and environmental and safety management experience. Most recently, he was an independent environmental and safety consultant to the automotive industry. Prior to starting his own firm, he held a number of environmental and safety leadership positions with Wagner Lighting, Cooper Automotive and Federal-Mogul Corporation. Earlier in his career, he was a consultant with Parsons Corporation, an international engineering and infrastructure planning company, and an engineer for Texaco`s Exploration & Production Division.

      Mr. Cummings holds bachelor`s degree in geological engineering from the University of Missouri-Rolla and a JD degree from the University of Tulsa College of Law. He is a member of the Missouri Bar.
      Avatar
      schrieb am 26.07.05 15:11:46
      Beitrag Nr. 39 ()
      Morgen um 11 Uhr Eastern Time gibt es einen Conference Call. Kurs wieder über 5 Dollar.

      ALPHARETTA, Ga.--(BUSINESS WIRE)--July 25, 2005--Exide Technologies (NASDAQ: XIDE - News; www.exide.com), a global leader in stored electrical-energy solutions, announced today it will continue to be the exclusive provider of lead-acid batteries to Tractor Supply Company, the largest retail farm and ranch store chain in the United States with more than 500 locations.
      ADVERTISEMENT


      Exide has served as the exclusive provider of lead-acid batteries to Tractor Supply since the 1980s.

      Under the new agreement, which goes into effect later this year, Exide will provide Tractor Supply with a full line of batteries for automotive and heavy-duty/tractor applications, trucks and SUVs, marine applications, garden tractors and power-sport applications.

      "Exide is proud to extend its long partnership with Tractor Supply," said Nelson Rombeiro, Vice President - Sales for Exide`s Transportation Americas division. "Tractor Supply`s decision to extend our agreement is an indication that they recognize the high quality of the products and services we provide. As TSC continues to grow, they can continue to count on Exide to provide them with the products, services and solutions that will help them succeed."

      About Exide Technologies

      Exide Technologies, with operations in 89 countries, is one of the world`s largest producers and recyclers of lead-acid batteries. The Company`s four global business groups - Transportation Americas, Transportation Europe and Rest of World, Industrial Energy Americas and Industrial Energy Europe and Rest of World - provide a comprehensive range of stored electrical energy products and services for industrial and transportation applications.

      Transportation markets include original-equipment and aftermarket automotive, heavy-duty truck, agricultural and marine applications, and new technologies for hybrid vehicles and 42-volt automotive applications. Industrial markets include network power applications such as telecommunications systems, electric utilities, railroads, photovoltaic (solar-power related) and uninterruptible power supply (UPS), and motive-power applications including lift trucks, mining and other commercial vehicles.

      Further information about Exide, including its financial results, are available at www.exide.com.
      Avatar
      schrieb am 26.07.05 15:29:17
      Beitrag Nr. 40 ()
      Und gleich noch ein Auftrag, von grad eben.

      ALPHARETTA, Ga.--(BUSINESS WIRE)--July 26, 2005--Exide Technologies (NASDAQ: XIDE - News; www.exide.com), a global leader in stored electrical-energy solutions, announced today that it has been selected by BP Solar Arabia to provide replacement batteries for its client Saudi Telecom. The batteries will be used as a source of back-up power for the long-distance transmission network in the Kingdom of Saudi Arabia.


      Under the contract, Exide will supply Absolyte® IIP batteries for 175 digital microwave transmission and fiber optic transmission telecommunications sites in Saudi Arabia. The batteries, which will be manufactured at Exide`s plant in Fort Smith, Arkansas, are expected to be delivered in October and December 2005.

      "This is an important order for us in the growing renewable energy sector," said Neil Bright, President Industrial Energy - Europe. "This business win also demonstrates the global nature of our organization, from the sales and technical support by our team in Dubai to the actual manufacturing in the United States."
      Avatar
      schrieb am 27.07.05 16:46:28
      Beitrag Nr. 41 ()
      Die Begeisterung über die heutigen Zahlen hält sich in engen Grenzen und die Aktie wird abgestraft. Adjusted EBITDA liegt nur bei 19 Millionen $, man hätte auf etwas in der Gegend von 25 gehofft. Übersehen wir jedoch nicht auf welchem niedrigen Niveau das Papier sich befindet.

      ALPHARETTA, Ga.--(BUSINESS WIRE)--July 27, 2005--Exide Technologies (NASDAQ: XIDE - News), a global leader in stored electrical energy solutions, today announced financial results for the first quarter of fiscal 2006 ended June 30, 2005.
      Consolidated net sales for the first quarter of fiscal 2006 rose 9.2 percent to $669.3 million from $612.5 million in the first quarter of fiscal 2005. Quarterly net sales results benefited from higher average selling prices as a result of lead-related pricing actions across the business, as well as continued strong Motive Power demand worldwide. Favorable currency exchange rates also benefited net sales Company-wide.

      "While all of our divisions contributed to the increase in sales, three out of the four divisions delivered better operating performance. During the first quarter and in the month of July, we began taking a number of steps to make Exide a stronger and more competitive organization," said Gordon Ulsh, President and Chief Executive Officer. "Although progress is being made, there clearly remains much more to do. Looking forward to the full year, we remain focused on delivering profitable revenue growth and continued expense rationalization to enhance shareholder value."

      Consolidated income for the first quarter of fiscal 2006 was a net loss of $35.7 million, or $1.43 per share. Results include restructuring costs and reorganization items of approximately $4.3 million, a $10.6 million currency remeasurement losses and a loss on sale of capital assets of $1.5 million. The results were offset by an unrealized gain on the re-evaluation of warrants of $8.1 million. The results compare to reported first quarter fiscal 2005 net income of $1,782.2 million, which includes the impact of Fresh Start accounting and a gain on the discharge of indebtedness totaling $1,787.2 million.

      The Company uses adjusted EBITDA as a key measure of the Company`s operational and financial performance because the Company believes it provides useful information for investors. Adjusted EBITDA is defined as earnings before interest, taxes, depreciation, amortization and restructuring charges. The Company`s adjusted EBITDA definition also adjusts reported earnings for the effect of non-cash currency re-measurement gains or losses, the non-cash gain or loss from revaluation of the Company`s warrants liability, impairment charges and non-cash gains or losses on asset sales. A reconciliation of adjusted EBITDA to income reported under Generally Accepted Accounting Principals ("GAAP") is attached hereto.

      Adjusted EBITDA for the first quarter of fiscal 2006 declined $6.7 million to $19 million principally driven by higher commodity prices. Average lead prices increased 16.5 percent over the prior-year period to EUR 784 ($987) per metric tonne. The strength of the Euro against the U.S. dollar offset lower results by $0.5 million.
      Avatar
      schrieb am 31.08.05 17:05:11
      Beitrag Nr. 42 ()
      Sehr ruhig geworden, und der Kurs bröckelt so vor sich hin. Es gibt keine Neuigkeiten, ausser dass die Hauptversammlung scheinbar planmäßig abgelaufen ist:

      ALPHARETTA, Ga.--(BUSINESS WIRE)--Aug. 30, 2005--Exide Technologies (NASDAQ: XIDE - News, www.exide.com - News), a global leader in stored electrical-energy solutions, today announced that shareholders elected two new members to the Company`s Board of Directors and re-elected the other seven current directors during Exide`s annual meeting in Alpharetta.
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      The new members of Exide`s Board are David S. Ferguson and Carroll R. Wetzel.

      Mr. Ferguson is the principal of his own retail consulting firm, DS Ferguson Enterprises, LLC. Mr. Ferguson is the retired President and Chief Executive Officer of Wal-Mart Europe, and prior to that he was President and CEO of Wal-Mart Canada. Earlier, he was President and Chief Operating Officer of Stuarts Department Stores. Mr. Ferguson currently is Vice Chairman of the Board of Advisors of Miller Zell.

      Mr. Wetzel most recently served as Chairman of the Board of Safety Components, Inc., a supplier of automotive airbag fabric and cushions and technical fabrics. Earlier, Mr. Wetzel was the head of the Mergers and Acquisitions Group of Chemical Bank, and later was Co-Head of the Group following the merger with Chase Manhattan Bank. Mr. Wetzel currently serves as a member of the Board of Directors of Laidlaw International, Inc.

      The new members join re-elected Directors John P. Reilly (Chairman of the Board), Gordon A. Ulsh (Exide President and CEO), Michael R. D`Appolonia, Mark C. Demetree, Phillip M. Martineau, Michael P. Ressner and Jerome B. York.

      "I am pleased that Exide shareholders have voted to approve the proposed slate of Directors, and I am confident that the addition of David Ferguson and Carroll Wetzel will strengthen the Board`s ability to help guide the Company in its continuing effort to add value for and be more responsive to shareholders and customers," said Mr. Reilly.

      Shareholders also voted to:

      amend the Company`s Certificate of Incorporation to eliminate the classified Board. Board members will now serve one-year terms.
      remove the limitation on the maximum number of Directors who can serve on the Company`s Board.
      permit holders of outstanding shares representing at least 15 percent of the voting power of the Company`s capital stock to call special meetings of shareholders.
      approve the 2004 stock incentive plan for executive- and management-level employees and Directors.
      ratify the appointment of PricewaterhouseCoopers LLP as the Company`s independent auditor for fiscal year 2006.
      Avatar
      schrieb am 26.11.05 19:24:42
      Beitrag Nr. 43 ()
      Tja, das war wieder mal ein Schuß in den Ofen...

      6 Monate investiert und nix passiert...

      6 verlorene Monate...

      Absoluter Schrott.
      Avatar
      schrieb am 01.12.05 14:22:38
      Beitrag Nr. 44 ()
      Ja es ist sehr enttäuschend. Der Kursverfall nach den letzten Zahlen wurde ja bald wieder gestoppt, aber seit ein paar Tagen haben wir wieder starke Verkäufe, wobei es aber keine News gibt.

      Es gilt natürlich nach wie vor, dass das Unternehmen am Rand der Pleite laviert. Ob sie 3,4 oder 5 stehen, sie sind eigentlich immer bewertet als ob sie binnen Jahresfrist hopps gehen würden.
      Avatar
      schrieb am 22.12.05 14:16:18
      Beitrag Nr. 45 ()
      Und auch das laufende Quartal wird nicht vom Hocker reißen, wie gerade gemeldet wurde:

      ALPHARETTA, Ga.--(BUSINESS WIRE)--Dec. 21, 2005--Exide Technologies (NASDAQ: XIDE - News; www.exide.com), a global leader in stored electrical-energy solutions, today announced its expectations for the third quarter of fiscal year 2006 ending December 31, 2005.
      ADVERTISEMENT


      Current indications are that the Company will fall short of meeting the results from the same quarter a year ago primarily due to lower Transportation sales in Europe and the most recent spike in lead prices. The quarter-over-quarter comparison is also negatively impacted by insurance proceeds in the prior-year quarter related to property damage in one of the Company`s German facilities as well as the unfavorable impact of foreign exchange in the current quarter of approximately $2 million.

      The Company still expects to comply with its bank covenants as calculated through the third quarter of fiscal 2006.

      Take Charge! Update

      The Company also announced that it provided a progress report on its Take Charge! initiative during a meeting with employees on Monday.

      The Company has been working with Proudfoot Consulting since September to implement the Take Charge! initiative, which is designed to empower teams of employees to identify opportunities to eliminate wasteful practices, reduce variability and cut costs in all aspects of the business. This initiative - which to date is being implemented in three North American smelters, four manufacturing plants in North America and Europe, and one corporate administrative function - "is intended to accelerate and build on the momentum of our successful EXCELL lean program," said Exide President and CEO Gordon A. Ulsh.

      The Take Charge! initiative was launched following an assessment of the business, which identified a number of quick payback projects that would require minimal capital investment.

      "I have told our employees that I can think of no other initiative that has as great an opportunity to deliver rapid improvements to our business and have the potential for a significant impact on our bottom line," Mr. Ulsh said. "As liquidity allows, we will continue to invest in this initiative, which we believe after reviewing a Proudfoot Consulting analysis could ultimately result in a cost savings of as much as $100 million on an annual basis if fully and successfully implemented. While we cannot guarantee such cost savings, we are excited about the potential of Take Charge! and the early progress that we have seen."

      During the first few months of the initiative, Exide`s manufacturing plants in Bristol, Tennessee, and Salina, Kansas, have experienced improved battery production and reduced scrap and downtime. Similarly, the Company`s smelters in Vernon, California, and Frisco, Texas, have increased their weekly lead production and reduced the percentage of impurities that must be removed from lead during the recycling process.

      About Exide Technologies

      Exide Technologies, with operations in 89 countries, is one of the world`s largest producers and recyclers of lead-acid batteries. The Company`s four global business groups - Transportation Americas, Transportation Europe and Rest of World, Industrial Energy Americas and Industrial Energy Europe and Rest of World - provide a comprehensive range of stored electrical energy products and services for industrial and transportation applications.

      Transportation markets include original-equipment and aftermarket automotive, heavy-duty truck, agricultural and marine applications, and new technologies for hybrid vehicles and 42-volt automotive applications. Industrial markets include network power applications such as telecommunications systems, electric utilities, railroads, photovoltaic (solar-power related) and uninterruptible power supply (UPS), and motive-power applications including lift trucks, mining and other commercial vehicles.

      Further information about Exide, including its financial results, are available at www.exide.com.
      Avatar
      schrieb am 10.01.06 23:14:34
      Beitrag Nr. 46 ()
      Angeblich soll nun bald ein neuer CFO, der den zum Jahresende ausgeschiedenen Gargaro ersetzt, gefunden sein.

      Schaun wir mal wen sie da aus dem Hut zaubern. Dankbarer Job ist es sicher keiner.
      Avatar
      schrieb am 11.02.06 15:02:29
      Beitrag Nr. 47 ()
      Die Quartalszahlen zum 31.12., nachgereicht.

      Mir scheint, dass es sich in den nächsten 2 Quartalen entscheiden sollte, ob Exide überleben kann oder nicht. Der Verlust ist im letzten Quartal minimal geschrumpft. Der enorme Druck von Seiten der Bleipreise darf aber nicht allzulang mehr anhalten. Es ist offenbar sehr schwierig, Preiserhöhungen durchzusetzen.

      --------

      ALPHARETTA, Ga.--(BUSINESS WIRE)--Feb. 9, 2006--Exide Technologies (NASDAQ: XIDE - News; www.exide.com) today announced financial results for the third quarter of fiscal 2006 ended December 31, 2005.


      Consolidated net sales for the third quarter of fiscal 2006 increased slightly to $733.4 million from $727.9 million during the same period a year ago. Higher sales volumes in the Company`s Industrial Energy business and the favorable impact of lead surcharges and other pricing actions were largely offset by changes in currency rates, which negatively impacted the Company`s net sales for the quarter by approximately $35.9 million.

      Consolidated net loss for the third quarter of fiscal 2006 was $27.7 million, including $6.5 million in restructuring costs and $1.3 million in bankruptcy-related costs. During the same period in fiscal 2005, the Company recorded a net loss of $439 million, including a $399 million non-cash goodwill impairment charge and a tax valuation charge of $35.4 million.

      "Although we are far from satisfied with our performance during the third quarter, there were clearly some bright spots for Exide," said Gordon A. Ulsh, President and Chief Executive Officer. "First, the motive and network power segments in both Industrial Energy divisions continue to provide profitable growth. Second, the reorganization that we launched last spring and the Take Charge! program initiated in late summer are providing tangible benefits in terms of reduced costs and improved efficiency. Third, we continued on a disciplined review of our customer contracts to determine which business meets our profitability requirements and which business we should discontinue if it no longer contributes to our profitable growth. Fourth, the payback from price increases and lead escalators that we began implementing months ago in response to rising commodity costs are now showing up on our bottom line."

      The price of lead on the London Metal Exchange averaged $976 per metric tonne during the third quarter of fiscal 2006 compared with $893 during the previous quarter and an average of $901 during the third quarter of fiscal 2005. In the fourth quarter, the Company is dealing with lead prices that have risen as high as $1,414 per metric tonne on the LME.

      Adjusted EBITDA

      Exide uses Adjusted EBITDA as a key measure of the Company`s operational and financial performance because the Company believes that Adjusted EBITDA is a useful adjunct to net income (loss) and other measurements under Generally Accepted Accounting Principles ("GAAP") because it is a meaningful measure of the Company`s performance, as interest, taxes, depreciation and amortization can vary significantly between companies due in part to differences in accounting policies, tax strategies, levels of indebtedness, capital purchasing practices and interest rates. Adjusted EBITDA also assists management in evaluating operating performance, is used to evaluate performance under the Company`s senior secured bank facility, and is sometimes used to evaluate performance for executive compensation. Adjusted EBITDA is defined as earnings before interest, taxes, depreciation, amortization and restructuring charges.

      The Company`s Adjusted EBITDA decreased to $41.1 million during the third quarter of fiscal 2006 from $52 million during the same period a year ago. The results were driven principally by lower sales in the European Transportation business, as well as the absence of some one-time items that benefited the Company during the prior-year period. The results also include negative currency impacts of $2.6 million.

      On a comparative basis, the results reported during the third quarter of fiscal 2005 included a $7.5 million benefit associated with an insurance payment following a fire at the Company`s Bad Lauterberg manufacturing plant in Germany, a portion of which was related to property damage. In addition, the prior-year third quarter benefited from the recognition of $3.0 million of previously deferred income on a customer contract that ended and the Company had fulfilled its obligations in the period.

      A reconciliation of Adjusted EBITDA to net income reported under GAAP has been included in the financial supplements of this earnings release.

      Industrial Energy Business

      The Company`s Industrial Energy business reported consolidated global net sales of $276.1 million during the third quarter of fiscal 2006, an increase of 2.6 percent over the same period the previous year. The increase was driven largely by strong performance in North America, where sales rose 21 percent due to a 28.6 percent increase in product demand in network power and a 13.7 percent increase in motive power. Quarterly sales in the Company`s Europe and the Rest of Word ("Europe-ROW") division declined 2.2 percent year-over-year; excluding the impact of foreign exchange, Industrial Energy sales in Europe-ROW increased by approximately 5.9 percent.

      Net income for the period increased to $10.1 million from a net loss of $137.0 million, which included a goodwill impairment charge of $159.8 million. Current-year results were adversely affected by a restructuring and asset impairment charge in the aggregate amount of $10.1 million relating to the closure of the Kankakee, Illinois, plant.

      Adjusted EBITDA for Industrial Energy decreased $4.6 million quarter-over-quarter to $32.9 million. The fiscal 2005 result, however, included a portion of the Bad Lauterberg insurance payment related to property damage and the $3.0 million in deferred income. Excluding the benefit from insurance and recognition of deferred income during the prior-year quarter, Adjusted EBITDA improved during the third quarter of fiscal 2006.

      Transportation Business

      Consolidated global net sales in Transportation decreased slightly during the period to $457.4 million from $458.8 million reported in the prior-year period. These results were primarily due to foreign exchange as the U.S. Dollar strengthened primarily against the Euro, and because of lower unit volume in Europe-ROW, which was offset by higher volumes in North America. Warmer-than-expected weather and higher commodity prices adversely impacted volumes in each region`s aftermarket business. Finally, pricing actions to recover higher commodity costs in each region resulted in erosion of market share as some customers moved their business to lower-priced competitors; reduced market share also resulted from Exide`s decision not to renew some business that no longer met the Company`s profitability requirements.

      Net income for the period increased to $16.1 million from a net loss of $212.2 million, including a goodwill impairment charge of $239.6 million.

      Adjusted EBITDA for the period was $35.9 million, down from $44.8 million in the same period a year ago, the result of not fully recovering rising manufacturing and distribution costs through pricing actions.

      Conference Call Details

      Members of Exide`s senior management team will host a conference call on Thursday, February 9, 2006 for members of the investment community to discuss the Company`s financial results and general business operations at 10:00 a.m. Eastern Standard Time.

      Domestic Dial-In Number: (877) 563-6439

      International Dial-In Number: (706) 758-9457

      Conference Identification Number: 3786649

      For individuals unable to participate in the conference call, a telephone replay will be available from 2 p.m. on February 9, 2006 until midnight on March 9, 2006 at:

      Domestic Replay Number: (800) 642-1687

      International Replay Number: (706) 645-9291

      Conference Identification Number: 3786649

      Non-financial participants can listen to the earnings call by accessing the Investor Relations page of the Exide website, www.exide.com.

      About Exide Technologies

      Exide Technologies, with operations in 89 countries, is one of the world`s largest producers and recyclers of lead-acid batteries. The Company`s four global business groups - Transportation Americas, Transportation Europe and Rest of World, Industrial Energy Americas and Industrial Energy Europe and Rest of World - provide a comprehensive range of stored electrical energy products and services for industrial and transportation applications.

      Transportation markets include original-equipment and aftermarket automotive, heavy-duty truck, agricultural and marine applications, and new technologies for hybrid vehicles and 42-volt automotive applications. Industrial markets include network power applications such as telecommunications systems, electric utilities, railroads, photovoltaic (solar-power related) and uninterruptible power supply (UPS), and motive-power applications including lift trucks, mining and other commercial vehicles.

      Further information about Exide, including its financial results, is available at www.exide.com.

      Forward-Looking Statements

      Except for historical information, this press release may be deemed to contain "forward-looking" statements. The Company desires to avail itself of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 (the "Act") and is including this cautionary statement for the express purpose of availing itself of the protection afforded by the Act.

      Examples of forward-looking statements include, but are not limited to (a) projections of revenues, cost of raw materials, income or loss, earnings or loss per share, capital expenditures, growth prospects, dividends, the effect of currency translations, capital structure and other financial items, (b) statements of plans of and objectives of the Company or its management or Board of Directors, including the introduction of new products, or estimates or predictions of actions by customers, suppliers, competitors or regulating authorities, (c) statements of future economic performance, (d) statements of assumptions, such as the prevailing weather conditions in the Company`s market areas, underlying other statements and statements about the Company or its business and (e) statements regarding the ability to comply with or alternatively obtain amendments under the Company`s debt agreements.

      Factors that could cause actual results to differ materially from these forward looking statements include, but are not limited to, the following general factors such as: (i) adverse reactions by creditors, vendors, customers, and others to, among other things, the Company`s results, financial conditions or compliance with financial covenants, (ii) the Company`s ability to implement and fund based on current liquidity business strategies and restructuring plans, (iii) unseasonable weather (warm winters and cool summers) which adversely affects demand for automotive and some industrial batteries, (iv) the Company`s substantial debt and debt service requirements which may restrict the Company`s operational and financial flexibility, as well as imposing significant interest and financing costs (v) the Company`s ability to comply with the covenants in its debt agreements or obtain waivers of noncompliance, (vi) the litigation proceedings to which the Company is subject, the results of which could have a material adverse effect on the Company and its business, (vii) the realization of the tax benefits of the Company`s net operating loss carry forwards, of which is dependent upon future taxable income, (viii) the fact that lead, a major constituent in most of the Company`s products, experiences significant fluctuations in market price and is a hazardous material that may give rise to costly environmental and safety claims, (ix) competitiveness of the battery markets in North America and Europe, (x) the substantial management time and financial and other resources needed for the Company`s consolidation and rationalization of acquired entities, (xi) risks involved in foreign operations such as disruption of markets, changes in import and export laws, currency restrictions, currency exchange rate fluctuations and possible terrorist attacks against U.S. interests, (xii) the Company`s exposure to fluctuations in interest rates on its variable debt, (xiii) the Company`s ability to maintain and generate liquidity to meet its operating needs, (xiv) general economic conditions, (xv) the ability to acquire goods and services and/or fulfill labor needs at budgeted costs, (xvi) the Company`s reliance on a single supplier for its polyethylene battery separators, (xvii) the Company`s ability to comply with the provisions of Section 404 of the Sarbanes-Oxley Act of 2002, (xviii) the ability to successfully pass along increased costs to its customers, and (xix) the Company`s ability to successfully resolve the $27.5 million fine with the U.S. Attorney`s Office for the Southern District of Illinois.

      Therefore, the Company cautions each reader of this press release carefully to consider those factors set forth above and those factors described in Amendment No. 1 to the Company`s Registration Statement on Form S-3 filed with the SEC on September 14, 2005 and in the Company`s most recent Form 10-Q filed on February 9, 2006 because such factors have, in some instances, affected and in the future could affect, the ability of the Company to achieve its projected results and may cause actual results to differ materially from those expressed herein.

      EXIDE TECHNOLOGIES AND SUBSIDIARIES
      CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
      (Unaudited, in thousands, except per-share data)


      Successor Company Successor Company
      for the for the
      Three Months Ended Three Months Ended
      December 31, 2005 December 31, 2004

      --------------------------------------------
      NET SALES $ 733,442 $ 727,902
      COST OF SALES 614,609 602,151
      ------------------ ---------------------

      Gross profit 118,833 125,751
      ------------------ ---------------------

      EXPENSES:
      Selling, marketing and
      advertising 66,261 69,003
      General and
      administrative 42,471 47,365
      Restructuring and
      impairment 6,511 5,713
      Goodwill Impairment -- 399,388
      Other expense (income)
      net 7,973 (5,005)
      Interest expense net 18,404 11,728
      ------------------ ---------------------

      141,620 528,192
      ------------------ ---------------------

      Loss before
      reorganization items,
      income taxes and
      minority interest (22,787) (402,441)
      REORGANIZATION ITEMS, NET 1,311 2,236
      INCOME TAX PROVISION 3,528 34,484
      MINORITY INTEREST 32 (121)
      ------------------ ---------------------

      Net loss $ (27,658) $ (439,040)
      ================== =====================

      NET LOSS PER SHARE
      Basic and Diluted $ (1.11) $ (17.56)
      ================== =====================

      WEIGHTED AVERAGE SHARES
      Basic and Diluted 25,000 25,000
      ================== =====================



      EXIDE TECHNOLOGIES AND SUBSIDIARIES
      CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
      (Unaudited, in thousands, except per-share data)


      Successor Successor Predecessor
      Company Company Company
      for the for the for the
      Nine Months Period Period
      May 6, 2004 April 1, 2004
      Ended to to
      December 31, December 31, May 5,
      2005 2004 2004
      ------------ ------------ -------------
      NET SALES $2,089,259 $1,763,429 $ 214,607
      COST OF SALES 1,764,317 1,477,867 179,137
      ------------ ------------ -------------

      Gross profit 324,942 285,562 35,470
      ------------ ------------ -------------
      EXPENSES:
      Selling, marketing and
      advertising 204,948 178,617 24,504
      General and administrative 129,347 108,601 17,940
      Restructuring and impairment 16,051 12,986 602
      Goodwill Impairment -- 399,388 --
      Other expense (income) net 12,781 (57,042) 6,222
      Interest expense net 51,163 29,165 8,870
      ---------- ---------- -----------

      414,290 671,715 58,138
      ---------- ---------- -----------

      Loss before reorganization
      items, income taxes and
      minority interest (89,348) (386,153) (22,668)
      REORGANIZATION ITEMS, NET 4,398 5,654 18,434
      FRESH START ACCOUNTING
      ADJUSTMENTS, NET -- -- (228,371)
      GAIN ON DISCHARGE OF
      LIABILITIES SUBJECT TO
      COMPROMISE -- -- (1,558,839)
      INCOME TAX PROVISION (BENEFIT) 2,572 30,782 (2,482)
      MINORITY INTEREST 72 (75) 26
      ---------- ---------- -----------

      Net income (loss) $ (96,390) $ (422,514) $ 1,748,564
      ========== ========== ===========

      NET INCOME (LOSS) PER SHARE
      Basic and Diluted $ (3.86) $ (16.90) $ 63.86
      ========== ========== ===========

      WEIGHTED AVERAGE SHARES
      Basic and Diluted 25,000 25,000 27,383
      ========== ========== ===========



      EXIDE TECHNOLOGIES AND SUBSIDIARIES
      CONDENSED CONSOLIDATED BALANCE SHEETS
      (Unaudited, in thousands, except per-share data)


      Successor Company
      -------------------------
      December 31, March 31,
      ASSETS 2005 2005
      ------------ ------------
      CURRENT ASSETS:
      Cash and cash equivalents $ 36,872 $ 76,696
      Restricted cash 548 1,323
      Receivables, net of allowance for doubtful
      accounts of $20,236 and $22,471 635,221 687,715
      Inventories 429,451 397,689
      Prepaid expenses and other 34,182 21,275
      Deferred financing costs, net 1,770 1,725
      Deferred income taxes 5,419 4,305
      ---------- ----------
      Total current assets 1,143,463 1,190,728
      ---------- ----------

      PROPERTY, PLANT AND EQUIPMENT, NET 691,384 799,763

      OTHER ASSETS:
      Intangible assets, net 188,229 192,854
      Investments in affiliates 7,147 9,010
      Deferred financing costs, net 11,215 12,784
      Deferred income taxes 55,711 55,896
      Other 26,030 29,745
      ---------- ----------
      288,332 300,289
      ---------- ----------

      Total assets $2,123,179 $2,290,780
      ========== ==========

      LIABILITIES AND STOCKHOLDERS` EQUITY

      CURRENT LIABILITIES:
      Short-term borrowings $ 14,700 $ 1,595
      Current maturities of long-term debt 24,380 632,116
      Accounts payable 341,411 340,480
      Accrued expenses 347,465 385,521
      Warrants liability 1,688 11,188
      ---------- ----------
      Total current liabilities 729,644 1,370,900
      LONG-TERM DEBT 639,213 20,047
      NONCURRENT RETIREMENT OBLIGATIONS 313,294 329,628
      NONCURRENT DEFERRED TAX LIABILITY 29,511 24,178
      OTHER NONCURRENT LIABILITIES 97,532 106,004
      ---------- ----------
      Total liabilities 1,809,194 1,850,757
      ---------- ----------

      COMMITMENTS AND CONTINGENCIES -- --
      MINORITY INTEREST 11,993 12,764
      ---------- ----------

      STOCKHOLDERS` EQUITY
      Preferred stock, $0.01 par value, 1,000
      shares authorized, 0 shares issued and
      outstanding -- --
      Common stock, $0.01 par value, 61,500 shares
      authorized, 24,542 and 24,407 shares issued
      and outstanding 245 234
      Additional paid-in capital 888,479 888,157
      Accumulated deficit (563,313) (466,923)
      Accumulated other comprehensive (loss)
      income (23,419) 5,791
      ---------- ----------

      Total stockholders` equity 301,992 427,259
      ---------- ----------

      Total liabilities and stockholders`
      equity $2,123,179 $2,290,780
      ========== ==========



      EXIDE TECHNOLOGIES AND SUBSIDIARIES
      CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
      (Unaudited, in thousands)


      Successor Predecessor
      Successor Company Company
      Company for the for the
      for the Period Period
      Nine Months May 6, 2004 April 1, 2004
      Ended to to
      December 31, December 31, May 5, 2004
      2005 2004 2004
      ----------- ------------ -------------
      CASH FLOWS FROM OPERATING
      ACTIVITIES:
      Net income (loss) $(96,390) $(422,514) $ 1,748,564
      Adjustments to reconcile net
      income (loss) to net cash used
      in operating activities:
      Depreciation and amortization 90,519 84,194 7,848
      Impairment of Goodwill -- 399,388 --
      Gain on discharge of liabilities
      subject to compromise -- -- (1,558,839)
      Fresh Start accounting
      adjustments, net -- -- (228,371)
      Unrealized gain on Warrants (9,500) (61,488) --
      Net loss on asset sales 12,270 1,227 --
      Provision for doubtful accounts 2,401 2,167 473
      Deferred income taxes -- 680 --
      Non-cash provision for
      restructuring 1,002 108 18
      Reorganization items, net 4,398 5,654 18,434
      Insurance proceeds -- 2,143 --
      Minority interest 72 (75) 26
      Amortization of deferred
      financing costs 1,347 -- 1,251
      Changes in assets and
      liabilities, excluding effects
      of Fresh Start accounting,
      acquisitions and divestitures:
      Receivables 10,342 (41,745) 45,924
      Inventories (51,451) (12,408) (10,873)
      Prepaid expenses and other (13,199) (2,378) 286
      Payables 19,007 32,464 (20,967)
      Accrued expenses (17,208) (28,982) (20,564)
      Noncurrent liabilities (7,210) (3,443) (294)
      Other, net 9,199 31,360 9,898
      -------- --------- -----------

      Net cash used in operating
      activities (44,401) (13,648) (7,186)
      -------- --------- -----------

      CASH FLOWS FROM INVESTING
      ACTIVITIES:
      Capital expenditures (37,861) (44,577) (7,152)
      Proceeds from sales of assets 19,657 20,962 2,800
      -------- --------- -----------

      Net cash used in investing
      activities (18,204) (23,615) (4,352)
      -------- --------- -----------

      CASH FLOWS FROM FINANCING
      ACTIVITIES:
      Increase in short-term borrowings 13,963 4,174 2,425
      Repayments under Senior Notes -- -- (110,082)
      Borrowings under Credit Facility -- 168,593 621,258
      Repayments under Credit Facility (12,804) (169,332) (452,875)
      Currency Swap (12,084) -- --
      Increase (decrease) in other debt 36,081 (2,036) (2,412)
      Financing costs and other -- (682) (23,146)
      -------- --------- -----------

      Net cash provided by financing
      activities 25,156 717 35,168
      -------- --------- -----------

      EFFECT OF EXCHANGE RATE CHANGES
      ON CASH AND CASH EQUIVALENTS (2,375) 3,031 (1,447)
      NET (DECREASE) INCREASE IN CASH
      AND CASH EQUIVALENTS (39,824) (33,515) 22,183
      CASH AND CASH EQUIVALENTS,
      BEGINNING OF PERIOD 76,696 59,596 37,413
      -------- --------- -----------
      CASH AND CASH EQUIVALENTS, END OF
      PERIOD $ 36,872 $ 26,081 $ 59,596
      ======== ========= ===========


      EXIDE TECHNOLOGIES AND SUBSIDIARIES
      ADJUSTED EBITDA RECONCILIATION BY SEGMENT
      SUCCESSOR COMPANY FOR THE THREE MONTHS ENDED DECEMBER 31, 2005

      Industrial
      Transportation Energy
      ---------------- ----------------
      North Europe North Europe
      America and ROW America and ROW Other TOTAL
      ------- -------- ------- -------- ------- --------

      Net income (loss) $3.7 $12.4 ($4.3) $14.4 ($53.9) ($27.7)

      Interest expense,
      net 18.4 18.4

      Income tax
      provision
      (benefit) 3.5 3.5
      --------------------------------------------------

      EBIT $3.7 $12.4 ($4.3) $14.4 ($31.9) ($5.7)

      Depreciation and
      amortization 7.3 8.4 2.8 8.1 3.6 30.2

      Reorganization
      items, net 0.0 0.0 0.0 0.0 1.3 1.3

      Restructuring and
      impairment, net (0.0) 2.6 1.8 1.7 0.4 6.5

      Other restructuring
      costs included in
      cost of sales and
      general and
      administrative
      expenses 0.1 (0.0) (0.1) 0.2 (0.1) 0.1

      Currency
      remeasurement
      loss (gain) 1.7 0.0 0.3 0.0 (1.3) 0.7

      Gain on
      revaluation of
      foreign currency
      forward contract 0.0 0.0 0.0 0.0 0.0 0.0

      Minority interest 0.0 0.0 0.0 0.0 0.1 0.1

      Unrealized gain
      on revaluation
      of warrants 0.0 0.0 0.0 0.0 (1.8) (1.8)

      Loss (gain) on
      sale of capital
      assets 1.5 0.3 8.5 0.2 (0.9) 9.6

      Other non-cash
      losses (gains) (2.0) (0.0) (0.7) (0.2) 3.0 0.1

      Adjusted EBITDA $12.3 $23.6 $8.4 $24.5 ($27.7) $41.1
      ==================================================
      Avatar
      schrieb am 15.02.06 21:23:32
      Beitrag Nr. 48 ()
      exide hat erstens am 9.2.2006 gute zahlen mit großer verlustreduktion bekanntgegeben und zweitens eine "vereinbarung" mit lithium getroffen, gemeinsam deren batterien (die offenbar ein speichervermögen haben, das alles übertrifft, was auf dem markt ist) zu vermarkten. der kurs von lithium bleibt mir ein rätsel, da er überhaupt nicht reagiert, aber exide dürfte zu einem sprung ansetzen...
      Avatar
      schrieb am 15.02.06 21:45:23
      Beitrag Nr. 49 ()
      Avatar
      schrieb am 17.02.06 22:41:11
      Beitrag Nr. 50 ()
      Pfandbrief, ich bin immer wieder fasziniert, auf welch dünnen Rasierklingen du tanzt. Erst die gute alte WCM (erinnerst du dich an unsere "Diskussionen"?), jetzt Exide. Bei WCM war ich mir tausendprozentig sicher, dass dies in die Hose gehen muss, bei Exide gestehe ich dir zumindest eine "fighting chance" zu. Nicht dass ich dir das nicht gönnen würde, ganz und gar nicht.

      Der CEO hat sich zumindest entschieden, kaempfend unterzugehen. Ich mag das sehr und habe grossen Respekt vor solch einer Einstellung. Ich wünschte unsere Vorstaende haetten solch einen Charakter. Da ist der CEO von Exide doch von ganz anderem Kaliber als Roland Flach von WCM, oder?

      Ich werde am Wochenende mal die Bilanz und die Unternehmensgergebnisse von Exide analysieren. Wer weiss, vielleicht springen die ja wirklich dem Tod noch von der Schippe.

      Was mich primaer von einem Investment abhaelt ist dier Fakt, dass man hier nicht mit Stopp-Loss (knapp unter Jahrestief) arbeiten kann. Denn kommt der Aufruf zur Beerdigung, rasselt die Aktie 80% auf einmal herunter.
      Avatar
      schrieb am 17.02.06 23:21:09
      Beitrag Nr. 51 ()
      Nun, so ist es ja nicht. Ich kaufe diese Sachen ja nicht mit dem ganzen Vermögen. Ich glaube, wenn man nicht (mit maßvollen Einsätzen) diese riskanten Dinge spielt, verliert man das Interesse an der Börse. Und das wäre auch fürs Gesamtdepot schlecht.

      Insgesamt ist mein Depot -- zumindest für die Verhältnisse hier auf w:o -- sehr konservativ ausgerichtet. Aber über Pfandbriefe mag hier keiner diskutieren, und mir ist auch nicht danach. ;)

      Also...ich habe es in diesem Thread schon mehrfach getan, aber nochmal: Bei XIDE besteht Totalverlustrisiko. Ich glaube aber, dass im Gegensatz zu vielen anderen hier vorgestellten Sachen, die ähnlich riskant sind, auch eine langfristige CHANCE zur Vervielfachung besteht. Diese Chance ist sicher deutlich kleiner als 50 %.
      Avatar
      schrieb am 24.02.06 18:01:15
      Beitrag Nr. 52 ()
      Schöner langfristiger Auftrag, zeigt Vertrauen des prominenten Kunden! Grad rein, es steigt schon...

      Exide Awarded U.S. Battery Contracts From BMW
      Friday February 24, 11:49 am ET


      ALPHARETTA, Ga.--(BUSINESS WIRE)--Feb. 24, 2006--Exide Technologies (NASDAQ: XIDE - News; www.exide.com), a global leader in stored electrical-energy solutions, announced today that BMW has awarded the Company its flooded-battery business for vehicles manufactured at the German automaker`s facility in Spartanburg, S.C.

      In addition to winning BMW`s OEM (original equipment manufacturing) business at the Spartanburg plant, Exide was awarded the contract for replacement batteries to be installed at BMW service centers throughout the United States.

      The Company expects to begin supplying batteries to BMW`s Spartanburg plant and its dealer-owned service centers on or about April 1, 2006. The total value of this new business is expected to exceed $10 million annually.

      Exide has supplied OEM and replacement batteries to BMW in Europe since 1979.

      "BMW is one of the world`s elite automakers, and we are thrilled and honored to expand our relationship to the United States," said Gordon A. Ulsh, President and Chief Executive Officer. "I want to congratulate everyone in our organization who helped win this prestigious contract by demonstrating Exide`s ability to meet the rigorous quality and delivery standards demanded by BMW."

      About Exide Technologies

      Exide Technologies, with operations in 89 countries, is one of the world`s largest producers and recyclers of lead-acid batteries. The Company`s four global business groups - Transportation Americas, Transportation Europe and Rest of World, Industrial Energy Americas and Industrial Energy Europe and Rest of World - provide a comprehensive range of stored electrical energy products and services for industrial and transportation applications.

      Transportation markets include original-equipment and aftermarket automotive, heavy-duty truck, agricultural and marine applications, and new technologies for hybrid vehicles and 42-volt automotive applications. Industrial markets include network power applications such as telecommunications systems, electric utilities, railroads, photovoltaic (solar-power related) and uninterruptible power supply (UPS), and motive-power applications including lift trucks, mining and other commercial vehicles.

      Further information about Exide, including its financial results, are available at www.exide.com.
      Avatar
      schrieb am 06.03.06 15:13:27
      Beitrag Nr. 53 ()
      Ein Kreuz mit dem Papier...diesmal war`s der warme Januar, sodass das EBITDA Ziel, an dem auch die Kredite hängen, mal wieder verfehlt werden. Das Spielchen mit den Kreditgebern kann also wieder mal losgehen. Es fällt vorbörslich.

      Form 8-K for EXIDE TECHNOLOGIES


      --------------------------------------------------------------------------------

      6-Mar-2006

      Other Events



      Item 8.01 Other Events.
      Based upon the Company`s current forecasts, the Company believes as of the date hereof that its Consolidated EBITDA, as such term is defined in its senior credit facility for the fiscal quarter ending March 31, 2006, will be between $105 million and $110 million, rather than at least $123 million as previously contemplated. The decrease in anticipated Consolidated EBITDA relates primarily to a decline in sales in North America of transportation batteries following an unusually warm January and a reduction in sales in the Industrial Energy Europe divsion following recently implemented price increases. Because the Company would be in default of its senior credit facility if the Consilidated EBITDA as of the fiscal quarter ending March 31, 2006 were less than $123 million, the Company has commenced discussions with the administrative agent and certain of its lenders to amend or waive the Consolidated EBITDA covenant. If an amendment or waiver to the senior credit facility cannot be obtained or cannot be obtained on a timely basis, the Company`s business would be signficantly and adversely impacted.

      The above remarks about future expectations, plans and prospects for the Company are forward-looking statements for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those suggested by such statements. For further information regarding cautionary statements and factors affecting future operating results, please refer to the Company’s quarterly report on Form 10-Q for the quarter ended December 31, 2005 and other documents previously filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statement whether as a result of new information, future developments or otherwise.
      Avatar
      schrieb am 10.03.06 16:05:51
      Beitrag Nr. 54 ()
      Other Events, Financial Statements and Exhibits



      Item 8.01 Other Events.
      On March 9, 2006, the Company reached an agreement in principle with the requisite percentage of the lenders under its senior credit agreement on a form of seventh amendment thereto. The proposed form of such amendment being distributed to the lenders for their review and approval is attached to this Report as Exhibit 99.1.

      Effectiveness of such amendment is conditioned upon, among other things, execution of the definitive agreement for such amendment by the requisite percentage of the lenders.



      ----
      Man wird sich wahrscheinlich wieder einigen...es steigt.
      Avatar
      schrieb am 15.03.06 19:00:15
      Beitrag Nr. 55 ()
      Und wieder sind sie nochmal von der Klinge gesprungen...aber es kostet Geld (höhere Zinsen, etc.).

      Nunja, man muß wohl froh sein. Es steigt mal wieder...

      -------------

      15-Mar-2006

      Entry into Material Agreement, Financial Statements and Exhibits



      Item 1.01 Entry into a Material Definitive Agreement.
      On March 15, 2006, the Company obtained an amendment to its senior credit facility, a copy of which is attached hereto as Exhibit 10.1. The amendment provides, among other things, modified covenants relating to trailing twelve month Consolidated EBITDA, as such term is defined in its senior credit facility, as of the fiscal quarters ending March 31, 2006, June 30, 2006 and September 30, 2006, elimination of the "going concern" covenant for fiscal year 2006, increased call protection in the event the Company refinances the senior credit facility, a 100 basis point increase in the applicable margin for the outstanding loans, an agreement to pay fees for a financial advisor for the lenders capped at $75,000 per month and an amendment fee of 0.50% of the aggregate amount of outstanding loans and commitments of lenders consenting to the amendment.

      The Company is completing certain post-effective items required under the amendment, including modifications to existing mortgage documents and certain of the foreign security documents.





      Item 9.01 Financial Statements and Exhibits.
      Exhibit 10.1 Seventh Amendment to Senior Credit Facility
      Avatar
      schrieb am 22.04.06 13:59:09
      Beitrag Nr. 56 ()
      20-Apr-2006

      Other Events



      Item 8.01 Other Events.
      As previously disclosed, the Company continues to explore certain strategic and financial alternatives, which now includes the potential sale of its Industrial Europe and Rest of World division ("Industrial Europe"). The Company has not received any specific proposals with respect to the potential sale and does not currently intend to make any further statements on its pursuit of these alternatives until such time as a definitive agreement is reached.

      ----
      Offenbar ist man nun bereit sich vom Tafelsilber zu trennen. Wobei das Silber sicher geputzt werden müsste...
      Avatar
      schrieb am 04.05.06 19:02:15
      Beitrag Nr. 57 ()
      Sie ist seit Tagen sehr stark, aber es gibt keine News...heute endlich mal wieder über 4 Dollar.
      Avatar
      schrieb am 03.06.06 00:03:29
      Beitrag Nr. 58 ()
      hier ist ja offenbar niemand investiert...bin bei 3$ eingestiegen und da kann man ja ganz zufrieden sein. vermute, dass die nächsten zahlen den trend bestätigen und dass eine batterie-generation von xide kommt, die verbesserte leistungsfähigkeit und stark verkleinerte ausmaße in sich vereinigt...
      Avatar
      schrieb am 08.06.06 00:35:42
      Beitrag Nr. 59 ()
      Hallo,

      mit dem Einstiegskurs kann man sicher zufrieden sein, meiner ist leider etwas über 4 Dollar.

      Es hat sich ja kräftig erholt in letzter Zeit, und das gegen den Markttrend. Man darf natürlich nicht übersehen, dass es nach wie vor ein Kampf auf Leben und Tod für das Unternehmen ist. Eine operative Besserung, sei es mit neuen Batterien oder sonstwie, sollte besser rasch kommen, sonst ersticken wir in der Zinslast.
      Avatar
      schrieb am 14.06.06 15:37:26
      Beitrag Nr. 60 ()
      Die geplanten Zahlen kommen heute nicht...sie stellen es dar, als ginge es nur um die latenten Steuern. Wäre das so, wäre der Abschlag heute übertrieben. Aber es glaubt ihnen halt keiner mehr was, und vielleicht zu Recht.

      ALPHARETTA, Ga.--(BUSINESS WIRE)--June 14, 2006--Exide Technologies (NASDAQ: XIDE - News; www.exide.com), a global leader in stored electrical-energy solutions, announced today that the Company will not file its Annual Report on Form 10-K by the SEC prescribed deadline of June 14, 2006. The delay in filing is due, in part, to the late identification of out of period deferred tax benefits. As these are tax-related items, they will have no impact on the Company's adjusted EBITDA calculations under its senior credit facility. Among other items, the identification of out of period tax benefits has also impacted the timing of the completion of the Company's final assessment of its internal control environment as required by the Sarbanes-Oxley Act and will result in a restatement of the Company's prior years' results to reflect the allocation of deferred tax benefits to the appropriate periods. The Company's previously issued financial statements for these periods should no longer be relied upon.
      ADVERTISEMENT


      Consequently, the Company will postpone its conference call to discuss the 2006 results, previously scheduled for June 15, 2006, until it has filed its Form 10-K. The Company will file with the SEC a Form 12b-25 notice of late filing with details regarding the delay and related matters. It is expected that the Company's 10-K will again in 2006 contain a going concern qualification in the audit opinion and will again likely disclose one or more material weaknesses in internal controls, including one related to taxes.

      About Exide Technologies:

      Exide Technologies, with operations in 89 countries, is one of the world's largest producers and recyclers of lead-acid batteries. The Company's four global business groups - Transportation Americas, Transportation Europe and Rest of World, Industrial Energy Americas and Industrial Energy Europe and Rest of World - provide a comprehensive range of stored electrical energy products and services for industrial and transportation applications.

      Transportation markets include original-equipment and aftermarket automotive, heavy-duty truck, agricultural and marine applications, and new technologies for hybrid vehicles and 42-volt automotive applications. Industrial markets include network power applications such as telecommunications systems, electric utilities, railroads, photovoltaic (solar-power related) and uninterruptible power supply (UPS), and motive-power applications including lift trucks, mining and other commercial vehicles.

      Further information about Exide, including its financial results, are available at www.exide.com.
      Avatar
      schrieb am 24.08.06 16:03:39
      Beitrag Nr. 61 ()
      Heute kam es zum Bezugsrechtsabschlag. Alle, die gestern zu Börsenschluß Aktien hatten, können ausüben. Das sollte man vermutlich auch machen, da nicht anzunehmen ist dass der Kurs signifikant unter 3,50 fällt, bis das durch ist.

      ALPHARETTA, Ga.--(BUSINESS WIRE)--Aug. 23, 2006--Exide Technologies (NASDAQ: XIDE - News; www.exide.com), today announced that it has set the record date for its previously announced rights offering. The Company will be distributing non-transferable rights to subscribe for and purchase up to 21,428,571 shares of its common stock to common stockholders of record as of 5:00 p.m. Eastern Daylight Time, August 23, 2006. In the offering, each common stockholder will have the right to subscribe for 0.85753 shares of common stock, at a subscription price of $3.50 per share, for each share owned on August 23, 2006.
      ADVERTISEMENT



      Stockholders will be able to exercise their rights to purchase shares in the offering until 5:00 p.m. Eastern Daylight Time on September 14, 2006.

      A copy of the prospectus relating to the rights offering meeting the requirements of Section 10 of the Securities Act of 1933 and additional materials relating to the rights offering are expected to be mailed on or about August 28, 2006 to common stockholders of the Company as of the record date. Common stockholders may also obtain a copy of the prospectus from the information agent for the offering, Georgeson Shareholders Communications Inc., 17 State Street, 10th Floor, New York, New York 10004, telephone (888) 206-5896.
      Avatar
      schrieb am 01.02.07 00:31:36
      Beitrag Nr. 62 ()
      habe keine weiteren infos eingeholt... meine aktien lagen auf halde... jetzt kommt ziemliche bewegung, die ich auch nicht richtig einschätzen kann... 80% in institutioneller hand... vielleicht hat sich pfandbrief schlau gemacht..?? Einstieg bei 3 $ - macht jedenfalls Freude...
      Avatar
      schrieb am 03.02.07 18:53:09
      Beitrag Nr. 63 ()
      Ich weiß nicht, was den Kursanstieg verursacht hat. Wir haben ja jetzt auch um einiges mehr Aktien draußen, sodass der jetzige Kurs ja einen Turnaround schon fast einpreist...hoffen wirs mal.
      Avatar
      schrieb am 05.02.07 10:17:22
      Beitrag Nr. 64 ()
      Antwort auf Beitrag Nr.: 27.401.009 von Pfandbrief am 03.02.07 18:53:09möglicherweise ein paar empfehlungen!? u.a. hat der antizyklische Aktienbrief von A.Hose den Wert vergangene Woche empfohlen. (schreibe u.a., weil ich nicht weiß aus welchen quellen Herr Hose seine INfos bezieht.)
      Avatar
      schrieb am 05.02.07 10:18:15
      Beitrag Nr. 65 ()
      und exide soll von bmw den auftrag erhalten haben, in weiteren Werken als bisher die Fahrzeuge auszurüsten...
      Avatar
      schrieb am 08.02.07 15:52:04
      Beitrag Nr. 66 ()
      ist ja enorm, was hier abgeht... nach 20 min von 7,30 auf 8,70 und ich hab immer noch keine ahnung, warum.. in den usa haben alle boards geschrieben, sie würde jetzt fallen wie ein stein; das war ein grund sie zu halten...
      Avatar
      schrieb am 09.02.07 02:44:37
      Beitrag Nr. 67 ()
      Antwort auf Beitrag Nr.: 27.513.792 von hkweiberg am 08.02.07 15:52:04Na diesmal ist es aber klar, die Zahlen sind heraussen, wie angekündigt.

      Ich find sie eigentlich nicht sooooo toll, und hab folgerichtig einen Teil versilbert.

      ----
      ALPHARETTA, Ga., Feb. 7, 2007 (PRIME NEWSWIRE) -- Exide Technologies (NasdaqGM:XIDE - News) (http://www.exide.com), a global leader in stored electrical-energy solutions, today reported its financial results for its fiscal 2007 third quarter and year-to-date, which ended December 31, 2006. Manufacturing cost reductions and lower SG&A expenses, which totaled approximately $34 million over the first nine months coupled with selected price increases, offset somewhat lower volume and drove quarter and nine-month Adjusted EBITDA improvement.
      ADVERTISEMENT





      Quarter

      Consolidated net sales for the fiscal 2007 third quarter were $769.7 million versus $733.4 million for the fiscal 2006 third quarter. Excluding the favorable impact of currency, sales were essentially flat year-over-year. All of our Divisions continue to benefit from higher pricing, which has offset the impact of lower unit volumes in our transportation businesses and weak network power demand in our Industrial Energy North America business. ``The somewhat lower unit volumes in both our Transportation North America and Transportation Europe and Rest of World businesses continue to be the result of our intended program to increase profitability,'' said Gordon Ulsh, President and CEO. ``An unseasonably warm December on both continents put further downward pressure on volume.''

      The Company had a net loss of $11.2 million or ($0.18) per share for the third quarter of fiscal 2007, inclusive of an approximate $9.2 million after-tax impairment charge relating to a former manufacturing facility held for sale. This compared with a net loss of $27.7 million or ($1.08) per share for the fiscal 2006 third quarter. The decreased net loss is partially the result of improved gross margins driven by higher pricing and continued productivity gains, which more than offset the impact of lower volumes. Our results for the current quarter included a tax benefit of $2.9 million versus a tax provision in the prior year period of $3.5 million. Interest expense, net was $4.4 million higher in the current quarter due to higher average debt levels and higher interest rates. Net loss per share was also impacted by an increase in weighted average shares outstanding as a result of the September 2006 rights offering and private sale of common stock.

      The Company also reported positive earnings before interest and taxes (``EBIT'') in the quarter of $8.6 million which was net of the above mentioned $9.2 million impairment charge. In the third quarter of 2006 the company reported negative EBIT of $5.7 million, which also included an after-tax asset impairment charge of $8.5 million relating to the closure of our Kankakee, IL facility in November, 2005.

      Adjusted EBITDA in the third quarter of fiscal 2007 was $54.1 million, a 32% increase over third quarter fiscal 2006 Adjusted EBITDA of $41.1 million. The increase in Adjusted EBITDA is attributable to improved margins as a result of pricing actions and productivity improvements, partially offset by higher lead costs.

      The Company uses Adjusted EBITDA as a key measure of its operational financial performance, as it is an important element of its bank agreement covenants. This measure underlies the Company's operational performance and excludes the nonrecurring impact of the Company's current restructuring actions. Adjusted EBITDA is defined as earnings before interest, taxes, depreciation, amortization and restructuring charges. Our Adjusted EBITDA definition also adjusts reported earnings for the effect of non-cash currency remeasurement gains or losses, the non-cash gain or loss from revaluation of the Company's warrants liability, impairment charges and non-cash gains or losses on asset sales. See the reconciliations of net losses to EBIT and Adjusted EBITDA in the attachments to this release.

      Fiscal Year-To-Date

      Consolidated net sales for the first nine months of fiscal 2007 were $2.13 billion versus $2.09 billion for the first nine months of fiscal 2006. Excluding the favorable impact of exchange rates, sales were flat. Mr. Ulsh stated, ``Sales for the comparable year-to-date period mirrored those of the third quarter with pricing essentially offsetting the impact of lower volumes.''

      The Company had a net loss of $84.2 million or ($2.16) per share for the first nine months of fiscal 2007, compared with a net loss of $96.4 million or ($3.77) per share for the first nine months of fiscal 2006. The decrease in net loss is primarily attributable to improved gross margins and decreases in selling, marketing, and advertising expense and general and administrative expense of $3.2 million and $4.7 million, respectively These results were partially offset however, by an increase in restructuring charges of approximately $6.2 million driven principally by the April 2006 closing of the Company's automotive battery plant in Shreveport, Louisiana, and to a $16.6 million increase in interest expense due to higher debt and higher rates resulting from the fourth quarter fiscal 2006 amendments to our credit agreement. Net loss per share was also impacted by an increase in weighted average shares outstanding as a result of the September 2006 rights offering and private sale of common stock.

      For the first nine months of 2007, the Company reported a $14.6 million EBIT loss compared to a $42.7 million EBIT loss in the year ago period.

      Adjusted EBITDA for the first nine months of fiscal 2007 was $114.7 million, an increase of 35% over fiscal 2006 Adjusted EBITDA of $85.1 million. The increase in Adjusted EBITDA is attributable to improved margins as a result of pricing actions, reductions in selling, marketing, and advertising costs, and savings of approximately $4.7 million in general and administrative expenses as a result of ongoing initiatives to streamline the organization. These savings were partially offset, however, by higher lead and fuel costs.

      Conference Call

      The Company previously announced that it will hold a conference call to discuss its results on Thursday, February 8, 2007 at 10:00 a.m. (EDT).

      Dial-in number for US/Canada: (877) 563-6439

      Dial-in number for international callers: (706) 758-9457

      Conference ID: 6641259

      About Exide Technologies:

      Exide Technologies, with operations in 89 countries, is one of the world's largest producers and recyclers of lead-acid batteries. The Company's four global business groups -- Transportation North America, Transportation Europe and Rest of World, Industrial Energy North America and Industrial Energy Europe and Rest of World -- provide a comprehensive range of stored electrical energy products and services for industrial and transportation applications.

      Transportation markets include original-equipment and aftermarket automotive, heavy-duty truck, agricultural and marine applications, and new technologies for hybrid vehicles and 42-volt automotive applications. Industrial markets include network power applications such as telecommunications systems, electric utilities, railroads, photovoltaic (solar-power related) and uninterruptible power supply (UPS), and motive-power applications including lift trucks, mining and other commercial vehicles.

      Further information about Exide, including its financial results, are available at http://www.exide.com.

      The Exide Technologies logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=3300

      Forward-Looking Statements

      Except for historical information, this press release may be deemed to contain ``forward-looking'' statements. The Company desires to avail itself of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 (the ``Act'') and is including this cautionary statement for the express purpose of availing itself of the protection afforded by the Act. The Company undertakes no obligation to publicly update or revise any forward-looking statement in this or any prior forward-looking statements whether as a result of new information, future developments or otherwise.

      Examples of forward-looking statements include, but are not limited to, (a) projections of revenues, cost of raw materials, income or loss, earnings or loss per share, capital expenditures, growth prospects, dividends, the effect of currency translations, capital structure and other financial items, (b) statements of plans and objectives of the Company or its management or Board of Directors, including the introduction of new products, or estimates or predictions of actions by customers, suppliers, competitors or regulating authorities, (c) statements of future economic performance, (d) statements of assumptions, such as the prevailing weather conditions in the Company's market areas, underlying other statements and statements about the Company or its business and (e) statements regarding the ability to comply with or alternatively obtain amendments under the Company's debt agreements.

      Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, the following general factors such as: (i) the Company's ability to implement and fund based on current liquidity business strategies and restructuring plans, (ii) unseasonable weather (warm winters and cool summers) which adversely affects demand for automotive and some industrial batteries, (iii) the Company's substantial debt and debt service requirements which may restrict the Company's operational and financial flexibility, as well as imposing significant interest and financing costs, (iv) the Company's ability to comply with the covenants in its debt agreements or obtain waivers of noncompliance, (v) the litigation proceedings to which the Company is subject, the results of which could have a material adverse effect on the Company and its business, (vi) the realization of the tax benefits of the Company's net operating loss carry forwards, which is dependent upon future taxable income, (vii) the fact that lead, a major constituent in most of the Company's products, experiences significant fluctuations in market price and is a hazardous material that may give rise to costly environmental and safety claims, (viii) competitiveness of the battery markets in North America and Europe, (ix) the substantial management time and financial and other resources needed for the Company's consolidation and rationalization of acquired entities, (x) risks involved in foreign operations such as disruption of markets, changes in import and export laws, currency restrictions, currency exchange rate fluctuations and possible terrorist attacks against U.S. interests, (xi) the Company's exposure to fluctuations in interest rates on its variable debt, (xii) the Company's ability to maintain and generate liquidity to meet its operating needs, (xiii) general economic conditions, (xiv) the ability to acquire goods and services and/or fulfill labor needs at budgeted costs, (xv) the Company's reliance on a single supplier for its polyethylene battery separators, (xvi) the Company's ability to successfully pass along increased material costs to its customers, (xvii) the Company's ability to comply with the provisions of Section 404 of the Sarbanes-Oxley Act of 2002, and (xviii) the Company's significant pension obligations over the next several years.

      Therefore, the Company cautions each reader of this press release carefully to consider those factors set forth above and those factors described in the Company's Form 10-Q filed on February 7, 2007 because such factors have, in some instances, affected and in the future could affect, the ability of the Company to achieve its projected results and may cause actual results to differ materially from those expressed herein.

      Financial tables follow



      EXIDE TECHNOLOGIES
      CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
      FOR THE THREE MONTHS AND NINE MONTHS ENDED
      (In thousands, except per-share data)

      For the For the
      Three Months Ended Nine Months Ended
      ----------------------- -----------------------
      December 31, December 31,
      2006 2005 2006 2005
      ---------- ---------- ---------- ----------
      NET SALES $ 769,743 $ 733,442 $2,133,232 $2,089,259
      COST OF SALES 640,038 614,609 1,788,447 1,764,317
      ---------- ---------- ---------- ----------
      Gross profit 129,705 118,833 344,785 324,942
      ---------- ---------- ---------- ----------
      EXPENSES:
      Selling, marketing
      and advertising 67,336 66,261 201,786 204,948
      General and
      administrative 42,263 42,471 124,650 129,347
      Restructuring 6,299 6,511 22,222 16,051
      Other (income)
      expense, net 3,737 7,973 6,448 12,781
      Interest expense, net 22,814 18,404 67,742 51,163
      ---------- ---------- ---------- ----------
      142,449 141,620 422,848 414,290
      ---------- ---------- ---------- ----------
      Loss before
      reorganization items,
      income taxes, and
      minority interest (12,744) (22,787) (78,063) (89,348)
      REORGANIZATION ITEMS,
      NET 1,213 1,311 3,784 4,398
      INCOME TAX PROVISION
      (BENEFIT) (2,947) 3,528 1,924 2,572
      MINORITY INTEREST 234 32 478 72
      ---------- ---------- ---------- ----------
      Net loss $ (11,244) $ (27,658) $ (84,249) $ (96,390)
      ========== ========== ========== ==========
      NET LOSS PER SHARE
      ---------- ---------- ---------- ----------
      Basic and Diluted $ (0.18) $ (1.08) $ (2.16) $ (3.77)
      ========== ========== ========== ==========
      WEIGHTED AVERAGE
      SHARES ---------- ---------- ---------- ----------
      Basic and Diluted 60,829 25,576 38,940 25,576
      ========== ========== ========== ==========

      EXIDE TECHNOLOGIES
      CONDENSED CONSOLIDATED BALANCE SHEETS
      AS OF DECEMBER 31, 2006 AND MARCH 31, 2006
      (In thousands, except per share data)
      December 31, March 31,
      2006 2006
      ---------- ----------
      ASSETS
      Current assets:
      Cash and cash equivalents $ 64,610 $ 32,161
      Restricted cash 610 561
      Receivables, net of allowance for doubtful
      accounts of $28,909 and $21,637 621,810 617,677
      Inventories 451,788 414,943
      Prepaid expenses and other 42,540 30,243
      Deferred financing costs, net 3,326 3,169
      Deferred income taxes 15,225 11,066
      ---------- ----------
      Total current assets 1,199,909 1,109,820
      ---------- ----------
      Property, plant and equipment, net 651,320 685,842
      ---------- ----------
      Other assets:
      Other intangibles, net 192,114 186,820
      Investments in affiliates 5,057 4,783
      Deferred financing costs, net 13,441 15,196
      Deferred income taxes 59,447 56,358
      Other 19,944 24,090
      ---------- ----------
      Total other assets 290,003 287,247
      ---------- ----------
      Total assets $2,141,232 $2,082,909
      ========== ==========
      LIABILITIES AND
      STOCKHOLDERS' EQUITY

      Current liabilities:
      Short-term borrowings $ 15,892 $ 11,375
      Current maturities of long-term debt 3,579 5,643
      Accounts payable 358,999 360,538
      Accrued expenses 313,094 298,631
      Warrants liability 2,648 2,063
      ---------- ----------
      Total current liabilities 694,212 678,250
      Long-term debt 665,909 683,986
      Noncurrent retirement obligations 320,119 333,248
      Deferred income tax liability 36,501 33,590
      Other noncurrent liabilities 110,977 116,430
      ---------- ----------
      Total liabilities 1,827,718 1,845,504
      ---------- ----------
      Commitments and contingencies (Note 13) -- --
      Minority interest 14,019 12,666
      ---------- ----------
      STOCKHOLDERS' EQUITY
      Preferred stock, $0.01 par value,
      1,000 shares authorized, 0 shares
      issued and outstanding -- --
      Common stock, $0.01 par value,
      100,000 and 61,500 shares authorized,
      60,706 and 24,546 shares issued
      and outstanding 607 245
      Additional paid-in capital 1,007,970 888,647
      Accumulated deficit (723,904) (639,655)
      Accumulated other comprehensive
      income (loss) 14,822 (24,498)
      ---------- ----------
      Total stockholders' equity 299,495 224,739
      ---------- ----------
      Total liabilities and
      stockholders' equity $2,141,232 $2,082,909
      ========== ==========

      EXIDE TECHNOLOGIES
      CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
      FOR THE NINE MONTHS ENDED DECEMBER 31, 2006 AND 2005

      (In thousands) For the
      Nine Months Ended
      ----------------------
      December 31,
      2006 2005
      -------- --------
      Cash Flows From Operating Activities:
      Net loss $(84,249) $(96,390)
      Adjustments to reconcile net loss to net cash
      used in operating activities--
      Depreciation and amortization 90,152 90,519
      Unrealized loss (gain) on warrants 585 (9,500)
      Net loss on asset sales / disposals 16,699 12,270
      Provision for doubtful accounts 6,749 2,401
      Non-cash stock compensation 1,814 333
      Reorganization items, net 3,784 4,398
      Minority interest 478 72
      Amortization of deferred financing costs 2,535 1,347
      Changes in assets and liabilities --
      Receivables 28,573 10,342
      Inventories (12,670) (51,451)
      Prepaid expenses and other (8,898) (13,199)
      Payables (23,863) 19,007
      Accrued expenses 3,143 (16,206)
      Noncurrent liabilities (47,679) (7,210)
      Other, net (12,205) 8,866
      -------- --------
      Net cash used in operating activities (35,052) (44,401)
      -------- --------
      Cash Flows From Investing Activities:
      Capital expenditures (28,978) (37,861)
      Proceeds from sales of assets, net 3,385 19,657
      -------- --------
      Net cash used in investing activities (25,593) (18,204)
      -------- --------
      Cash Flows From Financing Activities:
      Increase in short-term borrowings 3,106 13,963
      Repayments under Senior Secured
      Credit Facility (27,654) (12,804)
      Settlement of foreign currency swap -- (12,084)
      Increase (decrease) in other debt (2,441) 36,081
      Net Proceeds from rights offering
      and private equity sale 117,871 --
      -------- --------
      Net cash provided by financing activities 90,882 25,156
      -------- --------
      Effect of Exchange Rate Changes on Cash
      and Cash Equivalents 2,212 (2,375)
      -------- --------
      Net Increase (Decrease) In Cash and
      Cash Equivalents 32,449 (39,824)
      Cash and Cash Equivalents,
      Beginning of Period 32,161 76,696
      -------- --------
      Cash and Cash Equivalents,
      End of Period $ 64,610 $ 36,872
      ======== ========

      EXIDE TECHNOLOGIES AND SUBSIDIARIES
      ADJUSTED EBITDA RECONCILIATION BY SEGMENT
      FOR THE THREE MONTHS ENDED DECEMBER 31, 2006
      (in millions)

      Industrial
      Transportation Energy
      --------------- ---------------
      Europe Europe
      North and North and
      America ROW America ROW Other TOTAL
      ------- ------ ------- ------ ----- -----

      Net income (loss) $17.1 ($8.2) $ 5.8 $ 3.7 ($29.6) ($11.2)
      Interest expense,
      net - - - - 22.8 22.8
      Income tax provision
      (benefit) - - - - (3.0) (3.0)
      ------------------------------------------------

      EBIT $17.1 ($8.2) $ 5.8 $ 3.7 ($9.8) $ 8.6
      Depreciation and
      amortization 7.2 8.1 2.3 8.9 3.2 29.7
      Take Charge 0.0 0.0 0.0 2.6 0.0 2.6
      Reorganization items,
      net - - - - 1.2 1.2
      Restructuring and
      impairment, net 1.3 1.8 0.1 3.2 (0.1) 6.3
      Other restructuring
      costs included in
      cost of sales and
      general and
      administrative
      expenses 0.1 0.0 0.0 0.0 - 0.1
      Currency remeasure-
      ment loss (gain) 0.4 - (0.3) (0.1) (6.4) (6.4)
      Gain on revaluation
      of foreign currency
      forward contract - - - - - 0.0
      Minority interest - - - - 0.3 0.3
      Unrealized gain on
      revaluation of
      warrants - - - - 1.3 1.3
      Loss (gain) on sale
      of capital assets 0.2 9.2 0.1 0.2 0.1 9.8
      Other, principally
      non cash stock
      compensation
      expense (0.2) (0.1) (0.1) 0.2 0.8 0.6

      Adjusted EBITDA $26.1 $10.8 $ 7.9 $18.7 ($9.4) $ 54.1
      ================================================


      EXIDE TECHNOLOGIES AND SUBSIDIARIES
      ADJUSTED EBITDA RECONCILIATION BY SEGMENT
      FOR THE NINE MONTHS ENDED DECEMBER 31, 2006
      (in millions)

      Industrial
      Transportation Energy
      --------------- ---------------
      Europe Europe
      North and North and
      America ROW America ROW Other TOTAL
      ------- ------ ------- ------ ------ -----
      Net income (loss) $ 18.1 ($21.5) $18.6 $ 6.2 ($105.6) ($84.2)
      Interest expense,
      net - - - - 67.7 67.7
      Income tax provision
      (benefit) - - - - 1.9 1.9
      -------------------------------------------------
      EBIT $ 18.1 ($21.5) $18.6 $ 6.2 ($36.0) ($14.6)
      Depreciation and
      amortization 21.4 24.6 7.0 27.0 10.2 90.2
      Take Charge 1.0 0.3 0.0 2.6 0.1 4.0
      Reorganization
      items, net - - - - 3.8 3.8
      Restructuring and
      impairment, net 8.0 7.9 0.5 5.5 0.3 22.2
      Other restructuring
      costs included in
      cost of sales and
      general and
      administrative
      expenses 0.4 - - - (0.3) 0.1
      Currency remeasur-
      ement loss (gain) 0.5 - 0.1 (0.1) (11.1) (10.6)
      Gain on revaluation
      of foreign currency
      forward contract - - - - - 0.0
      Minority interest - - - - 0.5 0.5
      Unrealized gain on
      revaluation of
      warrants - - - - 0.6 0.6
      Loss (gain) on sale
      of capital assets 7.1 9.5 - - 0.1 16.7

      Other, principally
      non cash stock
      compensation
      expense (0.1) (0.1) - 0.2 1.8 1.8

      Adjusted EBITDA $ 56.4 $ 20.7 $26.2 $41.4 ($30.0) $114.7
      =================================================


      EXIDE TECHNOLOGIES AND SUBSIDIARIES
      COMPARATIVE FY07 Q3 NET SALES AND ADJUSTED EBITDA BY SEGMENT
      (in millions)

      --------------- ---------------
      Industrial
      Transportation Energy
      --------------- ---------------
      Europe Europe
      North and North and Unallocated
      America ROW America ROW Corporate Consolidated
      ------- ------ ------- ------ ----------- ------------
      Q3 FY07
      -------
      Net sales $234.3 $236.6 $61.7 $237.1 - $769.7
      Adjusted
      EBITDA $26.1 $10.9 $7.9 $18.7 ($9.5) $54.1

      Q3 FY06
      -------
      Net sales $237.6 $219.7 $67.3 $208.8 - $733.4
      Adjusted
      EBITDA (1) $8.2 $16.9 $7.1 $18.1 ($9.2) $41.1

      (1) Includes pro forma effect of the allocation of certain
      Corporate costs.


      EXIDE TECHNOLOGIES AND SUBSIDIARIES
      COMPARATIVE FY07 Q3 YTD NET SALES AND ADJUSTED EBITDA BY SEGMENT
      (in millions)
      --------------- ---------------
      Industrial
      Transportation Energy
      --------------- ---------------
      Europe Europe
      North and North and Unallocated
      America ROW America ROW Corporate Consolidated
      ------- ------ ------- ------ ----------- ------------
      Q3 YTD FY07
      -----------
      Net sales $676.5 $606.3 $199.7 $650.7 - $2,133.2
      Adjusted
      EBITDA $56.4 $20.7 $26.2 $41.4 ($30.0) $114.7

      Q3 YTD FY06
      -----------
      Net sales $681.8 $587.1 $207.8 $612.6 - $2,089.3
      Adjusted
      EBITDA (1) $24.7 $25.6 $20.1 $44.2 ($29.5) $85.1

      (1) Includes pro forma effect of the allocation of certain
      Corporate costs.

      The EXIDE Technologies Adjusted EBITDA Variances graphs are available at http://media.primezone.com/cache/8076/file/3706.html



      Contact:
      J.Addams & Partners, Inc.
      Media:
      Jeannine Addams
      jfaddams@jaddams.com
      Kristin Wohlleben
      kwohlleben@jaddams.com
      404/231-1132

      Exide Technologies
      Investors:
      Todd Atenhan
      770/425-7877
      investorrelations@exide.com


      --------------------------------------------------------------------------------
      Source: Exide Technologies
      Avatar
      schrieb am 20.03.07 14:23:47
      Beitrag Nr. 68 ()
      Vorbörslich stärker wegen:

      ALPHARETTA, Ga.--(BUSINESS WIRE)--Exide Technologies (NASDAQ: XIDE - News; www.exide.com), a global leader in stored electrical-energy solutions, announces a new supply agreement with Toyota Motor Engineering & Manufacturing North America. Exide has begun shipping lead-acid starting batteries for the next generation of Toyota Tundra trucks assembled at Toyota Motor Manufacturing, Texas, Inc. (TMMTX) in San Antonio, the automotive manufacturer's $1.28 billion assembly facility which began operations in November 2006.
      ADVERTISEMENT


      According to the terms of the supply contract, Exide will provide TMMTX group 24 and 27 starting batteries -- with an annual capacity of 200,000 units -- for the Texas-produced Tundra truck. The batteries are manufactured at Exide's Bristol, Tennessee facility and shipped from Exide's San Antonio branch location.

      "To be selected by Toyota as the exclusive battery supplier to TMMTX to help power the next generation of one of the world's best-selling vehicles is testament to the marketplace's confidence in our product quality, customer service and unsurpassed commitment to helping our business partners succeed, " said E.J. O'Leary, President of the Transportation-Americas business division for Exide Technologies. "Equally important, the expansion of our supply agreement with Toyota demonstrates that this very important customer recognizes and highly values the strength of Exide's branch network."

      Exide currently supplies Toyota with batteries for its North American-produced Camry and Avalon cars, Tundra trucks and Sequoia sport-utility vehicles. The new supply agreement continues a long-standing, successful relationship between Exide Technologies and Toyota Motor Engineering & Manufacturing North America that began in 1988.


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