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Airopack Technology Group receives extension from SIX Swiss Exchange for publishing its 2015 Annual Report Freitag, 29. April 2016 - 08:20
Airopack Technology Group AG / Key word(s): Final Results
Airopack Technology Group receives extension from SIX Swiss Exchange for
publishing its 2015 Annual Report
29.04.2016 / 07:20
Release of an ad hoc announcement pursuant to Art. 53 KR.
The issuer is solely responsible for the content of this announcement.
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Airopack Technology Group receives extension from SIX Swiss Exchange for
publishing its 2015 Annual Report
- SIX Swiss Exchange has granted extension until 31st May 2016 with
reservations and conditions
- ATG releases statement on key financials for the year 2015
Baar, 29th April 2016 - Airopack Technology Group AG ("ATG") today
announced that SIX Swiss Exchange has granted ATG an extension until 31st
May 2016 for publishing and submitting its annual report for the year 2015.
ATG's annual report 2015 was previously scheduled to be published by 29th
April 2016.
As previously disclosed, ATG's financial results are largely determined by
the Airolux joint venture. Given the deadlock situation that existed for
the joint venture, the annual accounts of the joint venture companies could
not be approved by the two partners and the respective consolidation was
not possible. Based on the settlement agreement that was reached between
ATG and Resilux on 26th April 2016, ATG will take over ownership of the
joint venture companies and will finalise the annual accounts and the
consolidation. ATG continues to devote significant resources to complete
and file its annual report 2015 as soon as possible.
SIX Swiss Exchange has requested that ATG publish the following
information:
I. The application of Airopack Technology Group AG of 26 April 2016 for
granting an extension of the deadline to publish its 2015 annual report
and to file such report with SIX Exchange Regulation until 31 May 2016
is granted with the following reservation (lit. a) and under the
following conditions (lit. b):
a. SIX Exchange Regulation reserves the right to suspend trading in the
shares in Airopack Technology Group AG In case the 2015 annual report
is not published until Tuesday, 31 May 2016, 11:59 pm CET, at the
latest, in accordance with the provisions regarding ad hoc publicity
(art. 53 of the Listing Rules [LR] in connection with the Directive on
Ad hoc Publicity [DAH]).
b. Airopack Technology Group AG is required to publish a notice in
accordance with the provisions regarding ad hoc publicity (art. 53 LR
in connection with the DAH) until Friday, 29 April 2016, 07:30 am CET,
at the latest. The ad hoc notice must contain:
- an unaltered reproduction of the wording of section I. of this
decision, placed in a prominent position in the ad hoc notice; and
- a statement, as precisely as possible, regarding profit/loss, revenues
and EBITDA for the business year 2015 of Airopack Technology Group AG;
and
- the reasons for the application of Airopack Technology Group AG for
granting an extension of the deadline to publish its 2015 annual report
and to file such report with SIX Exchange Regulation.
Statement on key financials for the year 2015
SIX Swiss Exchange has requested that ATG publish a statement, a precisely
as possible, regarding profit/loss, revenues and EBITDA for its business
year 2015. ATG underlines that given the aforementioned deadlock situation
for the Airolux joint venture it is difficult to make correct management
estimates and other judgements on various profit and loss and balance sheet
items. The following unaudited consolidated key figures are based on the
current best estimates made by ATG's group management on the annual
accounts of the joint venture companies. ATG has applied Swiss GAAP FER 31
(share based payments) for the first time in 2015. The 2014 figures have
been restated for comparative purposes.
<pre>
in TEUR in TEUR
2015 2014
unaudited restated
Consolidated income statement
Net sales 7'996 7'210
EBITDA -11'083 -3'953
EBIT -12'595 -5'932
Net result -16'256 -6'529
Net result per share in EUR -1.17 -0.61
Consolidated cash flow 2'349 508
Consolidated balance sheet
Cash and cash equivalents 2'918 956
Shareholders' equity 156 4'767
Balance sheet total 32'634 24'722
</pre>
For more information:
Investors: Media:
Airopack Technology Group AG Hill + Knowlton Strategies
Quint Kelders, CEO / Frans van der Vorst, CFO Frans van der Grint
Zugerstrasse 76b T: +31 (0) 20 404 4707 / M: + 31 (0) 6 29044053
CH-6340 Baar E-Mail: frans.vandergrint@hkstrategies.com
TF: +31 416 300 800
E-Mail: quint.kelders@airopackgroup.com
frans.vandervorst@airopackgroup.com
www.airopackgroup.com
Airopack Technology Group AG is a leading provider of innovative mechanical
and pressure-controlled dispensing packaging technologies and systems. Its
customers include worldwide manufacturers and suppliers of cosmetics, body
care, pharmaceutical and food products.
The revolutionary and worldwide patented Airopack(R) technology offers a
safe, all-plastic pressurized dispenser that is environmentally and planet
friendly. With deliveries to the world's leading consumer brands, Airopack
Technology Group reached a key milestone in 2015 with respect to commercial
market entry when its technology was embraced by one of the world's leading
consumer brands.
Airopack Technology Group, listed at the SIX Swiss exchange, is based in
Waalwijk, The Netherlands, home to its Global Management, Research &
Development and Customer Service functions. In addition, it runs a Full
Service Filling operation in Heist-op-den-Berg, Belgium, and a Ready to
Fill manufacturing facility in Glarus Nord, Switzerland. Airopack
Technology Group plans to start and operate two new Airopack Ready to Fill
Manufacturing sites; one in North America and another one in the
Netherlands, in the course of 2016.
The shares of the company are listed on the Swiss Reporting Standard of the
SIX Swiss Exchange since 2010. (Ticker: AIRN / ISIN: CH0242606942).
www.airopackgroup.com
