Public disclosure of inside information according to article 17 MAR
SW Umwelttechnik: SW Umwelttechnik: mid-term financing secured
Klagenfurt
(pta006/01.08.2011/09:10 UTC+2)
The majority of the SW Group's financing consists of bank loans. Investments - in total Eur 60 m - were made mainly to modernise and expand the company between 2005 and 2008. Due to these highly modernised plants SW Umwelttechnik has maintained and increased their market leadership in the numerous precast segments they operate in.
A general agreement with the financing banks has been reached and includes delaying the repayments until mid 2012 while retaining the current bank lines. Based on the mid-term planning that has been agreed with the financing banks, the long-term repayment conditions will be adapted to the economical climate within the next year.
The company's strategy of taking advantages of the sustainable growth opportunities in CEE markets has proven itself even in these economically challenging times. In addition, SW Umwelttechnik will benefit from the market upswing due to the modernisation investments.
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Emitter: |
SW Umwelttechnik Bahnstraße 87-93 9021 Klagenfurt Austria |
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Contact Person: | MMag. Michaela Werbitsch | |
Phone: | +43 664 811 7662 | |
E-Mail: | michaela.werbitsch@sw-umwelttechnik.com | |
Website: | www.sw-umwelttechnik.com | |
ISIN(s): | AT0000808209 (Share) | |
Stock Exchange(s): | Vienna Stock Exchange (Official Trade) |