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

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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]

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Financials (€)
Sales 2017 19 757 M
EBIT 2017 1 765 M
Net income 2017 1 482 M
Debt 2017 5 294 M
Yield 2017 3,42%
P/E ratio 2017 9,63
P/E ratio 2018 8,55
EV / Sales 2017 1,10x
EV / Sales 2018 1,01x
Capitalization 16 463 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
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 5,25 €
Spread / Average Target 37%
EPS Revisions
Managers
NameTitle
Markus Johannes Jooste Group Chief Executive Officer
Christoffel F. Hendrik Wiese Chairman-Supervisory Board
Daniël Maree van der Merwe Group Chief Operating Officer
Andries Benjamin la Grange Group Chief Financial Officer
Fredrik Johannes Nel Financial Director
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