Inactive Instrument

Ultrasonic AG

Ultrasonic Mulls Acquisitions

August 08, 2014 at 12:00 am EDT

Ultrasonic AG (XTRA:US5) is looking for acquisitions. Ultrasonic AG obtained a $60 million credit facility which increases scope for future organic and inorganic growth. The Management Board of Ultrasonic AG is currently exploring various options for acquisitions as there are limits to the speed of organic growth.

Latest news about Ultrasonic AG

Ultrasonic AG's Equity Buyback announced on September 10, 2013 has expired with 101,950 shares, representing 0.8% for €0.94 million.	16-08-24	CI
Ultrasonic AG Delays Announcement of Earnings Results Release Date for the Nine Months of 2014	14-11-27	CI
Ultrasonic AG Announces Management Changes, Effective from October 27, 2014	14-10-21	CI
Ultrasonic AG Announces Credit Facility Accelerated, Insolvency Procedures Are Imminent; Announces Executive Changes	14-09-18	CI
Ultrasonic AG Announces Executive Changes	14-09-12	CI
Ultrasonic Obtains $60 Million Credit Facility to Speed Up Growth	14-08-08	CI
Ultrasonic Mulls Acquisitions	14-08-08	CI
Ultrasonic AG Announces Group Earnings Results for the First Quarter 2014; Provides Earnings Guidance for the Year 2014; Plans to Invest to Expand Production in 2014	14-05-28	CI
Ultrasonic AG Announces Audited Consolidated Earnings Results for the Fiscal Year 2013; Provides Earnings Guidance for the Fiscal Year 2014	14-04-29	CI
Ultrasonic AG Reports Earnings Results for the Full Year of 2013; Provides Earnings Guidance for the Fiscal 2014	14-02-18	CI
Ultrasonic AG Reports Group Earnings Results for the Nine Months Ended September 30, 2013; Provides Earnings Guidance for the Year 2013	13-11-08	CI
Tranche Update on Ultrasonic AG (DB:US5)'s Equity Buyback Plan announced on September 10, 2013.	13-09-27	CI
Ultrasonic AG authorizes a Buyback Plan.	13-09-09	CI
Ultrasonic AG (DB:US5) announces an Equity Buyback for 125,000 shares, representing 0.98% for €1.15 million.	13-09-09	CI
Ultrasonic AG Intends an Equity Buyback	13-08-27	CI
Ultrasonic AG Reports Earnings Results for the Half Year Ended June 30, 2013; Provides Earnings Guidance for the Year 2013	13-08-26	CI
8,200,000 Shares of Ultrasonic AG are subject to a Lock-Up Agreement Ending on 9-JUN-2013.	13-06-08	CI
Ultrasonic AG Reports Earnings Results for the First Quarter Ended March 31, 2013 ; Provides Earnings Guidance for the Year 2013	13-05-27	CI
Ultrasonic AG Reports Preliminary Earnings Results for the Year 2012; Announces Capacity Expansions in 2013	13-02-20	CI
Ultrasonic AG Signs Cooperation Agreement with Walmart Group	13-01-22	CI
Ultrasonic AG to Raise Production Capacity Considerably from Start of 2013 Following Acquisition of New Factory Complex and Expansion Work at its Present Site	12-12-07	CI
Ultrasonic AG Reports Unaudited Consolidated Cash Flow Results for the Nine Months Ended September 30, 2012	12-11-27	CI
Ultrasonic AG Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2012; Provides earnings Guidance for the Year 2012	12-11-06	CI
Ultrasonic AG Plans to Acquire a New Factory Complex to Increase Production Capacity	12-09-21	CI
Ultrasonic AG's Equity Buyback in the amount of €1.6 mm has expired	12-09-17	CI

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Company Profile

Ultrasonic AG is a Germany-based holding company of the Chinese Ultrasonic-Group and is principally engaged in the design, production and sale of shoe soles, sandals, slippers, urban footwear and accessories for the upper price segment. The Company's operational facilities are located in the Shanqian Industrial Area, Yonghe Town, Jinjiang City and Xiamen, Fujian Province, People's Republic of China (PRC). It operates four business segments: Shoe Soles; Slippers; Urban Footwear, and Accessories. The Shoe Soles business segment produces all kind of shoe sole products. The Slippers business segment produces all kinds of slippers and sandals. The Urban Footwear business segment produces urban footwear and markets its products to People's Republic of China (PRC). The Accessories business segment provides accessories under Ultrasonic brand to the PRC Distributors.

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Footwear

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