PTA-Adhoc: Koenig & Bauer AG: Performance 2024 efficiency programme is flanked by applying for a KfW loan

Monday, 13. July 2020 19:33

Public disclosure of inside information according to article 17 MAR

Würzburg (pta036/13.07.2020/19:33) - In parallel to the corona crisis management, the management board of Koenig & Bauer AG is working intensively on the Performance 2024 efficiency programme, evaluating various scenarios. In addition, improvements in working capital and cash flow are at the top of the agenda alongside the strategic focus on packaging printing and digital services. To strengthen the stability and strategic flexibility of the group, the management board and the supervisory board decided to apply for a flexibly repayable KfW loan with a volume of up to EUR120m to supplement the existing syndicated credit lines (Direct Participation in Syndicated Loans). Among others, no dividend distributions are permitted during the term of the KfW loan. After the plans for increasing the operating profitability and performance of the group have been adopted, the management board will report promptly on the targets and costs of the Performance 2024 efficiency programme.

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emitter: Koenig & Bauer AG
address: Friedrich-Koenig-Straße 4, 97080 Würzburg
country: Germany
contact person: Dr. Bernd Heusinger
phone: +49 931 909-4835
e-mail: bernd.heusinger@koenig-bauer.com
website: www.koenig-bauer.com

ISIN(s): DE0007193500 (share)
stock exchanges: regulated market in Frankfurt, Munich; free market in Stuttgart, free market in Hamburg, free market in Dusseldorf, free market in Hannover; open market in Berlin, Tradegate

[ source: http://www.pressetext.com/news/20200713036 ]

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