SANHA GmbH & Co. KG: Subscription to new bond 2024/2029 still possible until 6 December
- More than 60% of the new bond already placed through exchange alone
- Subscription period via Deutsche Börse's subscription functionality runs until 6 December 2024
- Confirmation of the forecast for the financial year 2024
Essen, 3 December 2024 – Until Friday, 6 December (12 pm), investors have the opportunity to subscribe to the 2024/2029 bond (ISIN: DE000A383VY6, WKN: A383VY) of SANHA GmbH & Co. KG, one of the leading manufacturers of piping systems, via the subscription functionality of Deutsche Börse (DirectPlace). The new bond has a term of five years. The annual fixed interest rate is 8.75% and will be paid semi-annually in arrears. Listing on the Frankfurt Stock Exchange is scheduled for 10 December 2024.
The exchange offer to holders of the existing 2013/2026 bond was successfully completed at the beginning of the week. More than 60% of the new bond has already been placed through the exchange alone.
Bernd Kaimer, Managing Partner of SANHA GmbH & Co. KG: “The above-average conversion rate reflects the great confidence our long-standing investors have in SANHA as a family-run company, with which we have been active on the capital market for many years now. Through targeted investments and our broad international presence in 50 markets, we have been able to strengthen the resilience of the SANHA Group in recent years and significantly expand our profitability with double-digit EBIT margins. This means that we are well equipped for the future, even in challenging market situations.”
Forecast for 2024 confirmed
In this context, the management confirms the forecast issued for the 2024 financial year. Accordingly, business is expected to be robust against the backdrop of broad country and industry diversification. Overall, the management expects slight growth in revenues (2023: EUR 121.8 million) in the low single-digit range as well as a stable EBITDA (2023: 16.0%) and EBIT margin (2023: 11.8%).