Heyde AG
*vwd Ad-hoc-Service: Heyde AG english
Ad hoc announcement transmitted by DGAP.
The issuer has the sole responsibility of this announcement.
——————————————————————————–
Banks Extend Their Support for the Restructuring of Heyde AG
Valuation Adjustments affect FY2000 Bottom Line / Final Results to be Released
in April
(Bad Nauheim, 23 March 2001) Heyde AG’s initiation of restructuring measures has
received the support of its house banks. At the same time, an external team of
consultants from Droege & Comp. has been commissioned to accompany and support
the restructuring process.
The management board, appointed in late February, is using the 2000 annual
statement as the basis for a balance sheet adjustment which will benefit the
Heyde Group’s new alignment. A revaluation of the Heyde Group’s industrial
holdings portfolio will cause a correction in its recently publicized
preliminary results. Adjustments to the valuations of subsidiaries and
amortization of goodwill ensuing from the change-over from pooling to purchase
consolidation will cause a further deterioration of DM 32 million in the
consolidated net income according to US GAAP. Other measures which could
potentially affect the balance-sheet are being considered, so another correction
of the results cannot be ruled out. The above-mentioned measures will have no
effect whatsoever on the company’s liquidity.
The complexity of the verification and valuation processes will delay the
compilation and auditing of the group’s fiscal 2000 results. For this reason,
the press conference originally planned for 27 March has been postponed. The
present schedule now foresees announcement of the final figures on 10 April
2001.
For further information on Heyde AG, please contact
Dr. Joachim Fleing
Investor Relations
Tel: (0 60 32) 308-0
Fax: (0 60 32) 308-2013
E-Mail: boerse@heyde.de
end of ad hoc announcement, (c) DGAP 23.03.2001
——————————————————————————–
WKN: 602670; Index: NEMAX 50
Listed: Neuer Markt Frankfurt; Freiverkehr in Berlin, Bremen Düsseldorf,
Hamburg, München, Stuttgart, Hannover
230800 Mär 01
Aktuelle News
Aktuelle Berichte
Keine Berichte gefunden
Anstehende Events
Keine Events gefunden
Webcasts
Keine Webcasts gefunden