Swiss Steel Group evaluates equity measures to strengthen its long-term financing concept Montag, 09. November 2020 - 07:00

Ad hoc media release

Lucerne, November 9, 2020 – In connection with various media reports, Swiss Steel Group, a world leader in special long steel, states that the company, as already communicated when announcing its half-year results for 2020, is holding regular discussions with banks, anchor shareholders and potential investors about its financing concept.

The aim of the investor discussions is to further strengthen the equity base in order to give the Company greater entrepreneurial freedom and increase its reserves.

The Company has sufficient liquidity through shareholder and state guaranteed loans. The transformation program continues to run according to plan.

As planned and already announced, the Company will provide more detailed information, including the long-term financing concept, as part of its regular reporting on the Q3 figures on November 11, 2020.

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For further information:

For media queries:

Dr. Andrea Geile, a.geile@swisssteelgroup.com, tel +41 (0)41 581 4121

For analyst/investor inquiries:

Daniel Geiger, d.geiger@swisssteelgroup.com, tel +41 (0)41 581 4160

About Swiss Steel Group

The Swiss Steel Group is currently one of the world’s leading providers of customized solutions in the field of special long steel products. The Group is also one of the leading manufacturers in the global market for both tool steel and stainless long steel and is one of the two largest companies in Europe for alloyed and high-alloy quality & engineering steel. With more than 10,000 employees at its own production and distribution companies in over 30 countries across five continents, the Company supports and supplies its customers around the globe and offers them a full product portfolio from Production and Sales & Services. They benefit from the Company’s technological expertise, consistently high product excellence across the globe, and in-depth knowledge of local markets.