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4-Traders Homepage  >  Equities  >  Xetra  >  Steinhoff International Holdings    SNH   NL0011375019

STEINHOFF INTERNATIONAL HOLDINGS (SNH)
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Steinhoff Shares Slump After Report Furniture Maker Probed For Alleged Accounting Fraud

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08/24/2017 | 01:20pm CEST
 By Ulrike Dauer, Stefanie Haxel and Michael Denzin 
 

Shares of Steinhoff International Holdings N.V. slumped 8.7% to EUR3.87 on the German MDAX midcap index following a media report that German prosecutors are investigating the company's chief executive and other managers for alleged accounting fraud. Steinhoff is Europe's second-largest furniture manufacturer after Ikea. Its shares are listed in Frankfurt and Johannesburg. German prosecutors in Oldenburg said they couldn't immediately comment on the report. Steinhoff spokespeople at the company's South African headquarters weren't immediately available to comment. According to the media report, which cites German prosecutors, the investigation, which started in 2015, alleges that transactions within the group inflated revenue numbers in group subsidiaries, amounting to a three-digit-million euro sum for each transaction in question.

Write to Ulrike Dauer at [email protected], Stefanie Haxel at [email protected] and Michael Denzin at [email protected]

Stocks mentioned in the article
ChangeLast1st jan.
MDAX -0.14% 25983.35 Delayed Quote.-0.83%
STEINHOFF INTERNATIONAL HOLDINGS NV 1.95% 2.61 End-of-day quote.-45.05%
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Financials (€)
Sales 2017 20 243 M
EBIT 2017 1 867 M
Net income 2017 1 509 M
Debt 2017 4 359 M
Yield 2017 73,7%
P/E ratio 2017 0,56
P/E ratio 2018 0,45
EV / Sales 2017 0,25x
EV / Sales 2018 0,21x
Capitalization 762 M
Chart STEINHOFF INTERNATIONAL HO
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Steinhoff International Ho Technical Analysis Chart | SNH | NL0011375019 | 4-Traders
Technical analysis trends STEINHOFF INTERNATIONAL HO
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Mean consensus
Number of Analysts 0
Average target price 5,52 €
Spread / Average Target 3 043%
EPS Revisions
Managers
NameTitle
Daniël Maree van der Merwe Chief Executive & Operating Officer
Heather Joan Sonn Chairman-Supervisory Board
Philip Dieperink Chief Financial Officer
Steve F. Booysen Independent Member-Supervisory Board
Angela Krüger-Steinhoff Member-Supervisory Board
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