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MarketScreener Homepage  >  Equities  >  Wiener Boerse  >  Frauenthal Holding AG    FKA   AT0000762406

FRAUENTHAL HOLDING AG

(FKA)
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End-of-day quote. End-of-day quote Wiener Boerse - 08/11
17.6 EUR   0.00%
2015FRAUENTHAL : 19. 05. 2015 – First quarter of 2015
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2014FRAUENTHAL : Second quarter of 2014
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Frauenthal Holding AG : Expectations financial year 2013

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03/10/2014 | 11:26am EDT

A number of anticipated negative developments will result in impairment losses in the Automotive Division's steel springs business, which in turn will be reported in the consolidated financial statements for the year 31 December 2013, prepared in accordance with International Financial Reporting Standards (IFRS).

Vienna, 28 February 2014. Vienna-listed Frauenthal Holding expects to report a loss for the 2013 financial year of between EUR 28 m and EUR 31 m. This is due to extraordinary impairment losses in the Automotive Division's steel springs operation which are recognised in the 2013 IFRS consolidated financial statements. However, this is not a reflection of Frauenthal's operating earnings, which developed in line with the expectations outlined in the 2013 quarterly and half-yearly reports in each of the Group's divisions.

The writedowns were recognised following a strategic evaluation of the steel springs business carried out by Frauenthal Holding. These impairments were necessary in view of the difficult market conditions facing the steel springs operation, and Frauenthal Holding's resulting expectations for the business. The strategic evaluation suggests that significant impairments will now be required owing to the change in the Group's assessment of the market.

The impairment in fair values in the steel springs business will be carried on Frauenthal Holding's consolidated financial statements for the year ended 31 December 2013, meaning that the Group expects to report an IFRS loss for the year in the amount mentioned above. As the preparation of the consolidated financial statements for the 2013 financial year is still ongoing, the precise figure is not yet available.

Contact:

Frauenthal Holding AG
Martin Sailer
m.sailer@frauenthal.at

Erika Hochrieser
e.hochrieser@frauenthal.at

Rooseveltplatz 10
1090 Vienna
Tel: +43 (0)1 5054206

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Financials
Sales 2019 951 M 1 126 M 1 126 M
Net income 2019 24,3 M 28,8 M 28,8 M
Net Debt 2019 76,8 M 90,9 M 90,9 M
P/E ratio 2019 6,69x
Yield 2019 -
Capitalization 152 M 179 M 180 M
EV / Sales 2018 0,29x
EV / Sales 2019 0,25x
Nbr of Employees 3 517
Free-Float 28,8%
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Managers
NameTitle
Hannes Winkler Chairman-Executive Board
Johann Schallert Chairman-Supervisory Board
Erika Hochrieser Chief Financial Officer
Dietmar Kubis Deputy Chairman-Supervisory Board
Johannes Strohmayer Independent Member-Supervisory Board
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