Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Euronext Amsterdam  >  Kendrion NV    KENDR   NL0000852531

Delayed Quote. Delayed  - 07/27 05:35:19 pm
24.31 EUR   +1.86%
05/03 KENDRION NV : Q1 2016 financial results and strategic update
04/28KENDRION NV : quaterly earnings release
04/13 KENDRION NV : ex-dividend day
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

KENDRION : Expansion credit facility

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/18/2012 | 09:01am CEST
P R E S S R E L E A S E K E N D R I O N N . V . 1 8 J A N U A R Y 2 0 1 2 Kendrion expands credit facility for acquisitions

Kendrion has reached agreement with its bank consortium, comprising Rabobank, ING Bank and Deutsche Bank, on a supplementary credit facility of EUR 60 million to be used for acquisitions.
On 28 December 2011, Kendrion announced the acquisition of the US company FAS Controls, Inc., established in Shelby, North Carolina. The acquisition was paid for in cash. To continue to be able to carry out acquisitions in the future to execute its strategy, Kendrion has expanded the existing credit facility with its banks.
The supplementary credit facility is subject to virtually the same terms as the credit agreement entered into in January 2011 that will expire at the start of 2016. The margin on the expansion is higher by 40 basis points. As from 31 December 2012, the total credit facility for acquisitions will be reduced by EUR 8 million per half-year. The covenant of a maximum of 2.50 for interest- bearing debts (excluding bank guarantee for the EU fine) over 12-month EBITDA and a minimum of 4.00 for 12-month EBITDA over finance charges (including the EU bank guarantee fee) continues to apply unchanged.
The total credit facility now amounts to EUR 183.5 million, of which EUR 35 million for working capital and general use and EUR 100 million for acquisitions, from which the acquisition of FAS Controls has already been financed. EUR 48.5 million is a bank guarantee for the European Commission in respect of the ongoing proceedings on the fine relating to Fardem Packaging B.V.
Eiko Ris, CFO: "We are very pleased with the agreement we have reached with the banks. This facility gives us extra scope to acquire and extend leading positions in electromagnetic niche markets in line with our strategy, both in and outside Europe. This expansion means that Kendrion currently has ample financial resources to be able to achieve its growth target of EUR 350 million published previously by the end of 2012."

Page 1 of 2

Profile of Kendrion N.V.

Kendrion N.V., a solution provider, develops, manufactures and markets innovative high-quality electromagnetic systems and components for customers all over the world. Kendrion's operations are carried out by four business units focused on specific market segments, namely Industrial Magnetic Systems, Industrial Drive Systems, Passenger Car Systems and Commercial Vehicle Systems.
Kendrion has leading positions in a number of business-to-business niche markets. Germany is
Kendrion's main market, although other countries are becoming increasingly important.

Kendrion's activities

Kendrion develops advanced electromagnetic solutions for industrial applications. These are used by customers all over the world in systems such as lifts, door-locking systems, industrial
robots, medical equipment, electrical switchbox systems, diesel engines, air-conditioning
installations, motor cooling systems and beverage dispensers. Kendrion's key customers include a.o. Bosch, Siemens, Daimler, Continental, Delphi, Evobus, Hyundai and Yutong.
Kendrion's shares are listed on NYSE Euronext's Amsterdam market. Zeist, 18 January 2012
The Board
Piet Veenema - Chief Executive Officer
Eiko Ris - Chief Financial Officer

For more information:

Kendrion N.V. Mr E. Ris Utrechtseweg 33
3704 HA ZEIST
THE NETHERLANDS
Tel: +31 - 30 - 699.72.69
Fax: +31 - 30 - 695.11.65
Website: www.kendrion.com

Page 2 of 2

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on KENDRION NV
05/03 KENDRION NV : Q1 2016 financial results and strategic update
04/28KENDRION NV : quaterly earnings release
04/13 KENDRION NV : ex-dividend day
2015 KENDRION NV : Q3 results 2015
2015 KENDRION NV : Joep van Beurden proposed new CEO of Kendrion N.V.
2015 KENDRION NV : Q1 results 2015
2015 KENDRION NV : ex-dividend day
2015 KENDRION NV : Annual Results 2014
2014 KENDRION : Acquisition Steinbeis Mechatronik GmbH
2014 KENDRION : Q3 results 2014
More news
Sector news : Electrical Components & Equipment - NEC
07/26DJSCHNEIDER ELECTRIC : 1st Half 2016 -- Forecast
07/25DJOil Down on Bearish Outlook
07/22DJEMERSON ELECTRIC : Bids for Pentair Valves-and-Controls Unit -Reuters
07/22 S&P 500 companies start facing up to the potential Brexit costs
07/20DJTE CONNECTIVITY : Profit Beats as Expenses Fall
More sector news : Electrical Components & Equipment - NEC
Advertisement
Financials (€)
Sales 2016 456 M
EBIT 2016 25,7 M
Net income 2016 -1,65 M
Debt 2016 65,5 M
Yield 2016 3,25%
P/E ratio 2016 19,14
P/E ratio 2017 13,04
EV / Sales 2016 0,83x
EV / Sales 2017 0,77x
Capitalization 315 M
More Financials
Chart KENDRION NV
Duration : Period :
Kendrion NV Technical Analysis Chart | KENDR | NL0000852531 | 4-Traders
Full-screen chart
Technical analysis trends KENDRION NV
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 3
Average target price 28,8 €
Spread / Average Target 20%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Joep A. J. van Beurden Chief Executive Officer
Henk ten Hove Chairman-Supervisory Board
Frank J. Sonnemans Chief Financial Officer
Robert Leendert de Bakker Vice Chairman-Supervisory Board
Maria Elisabeth P. Sanders Member-Supervisory Board
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
KENDRION NV0.14%346
KEYENCE CORPORATION11.89%41 944
SCHNEIDER ELECTRIC8.12%36 975
EMERSON ELECTRIC CO.17.17%36 143
EATON CORPORATION PLC23.77%29 573
NIDEC CORPORATION5.41%25 497
More Results