Pressemitteilung BoxID: 156462 (ALNO Aktiengesellschaft)
  • ALNO Aktiengesellschaft
  • Heiligenberger Str. 47
  • 88630 Pfullendorf
  • Ansprechpartner
  • Andrea Wolf
  • +49 (7552) 21-3316

Alno AG's Managing Board resolves capital increase

(lifePR) (Pfullendorf/Düsseldorf, ) The Managing Board of Alno AG today resolved a capital increase with the approval of the Supervisory Board. In this regard, the company will use its existing authorization for a cash capital increase excluding shareholders' subscription rights and will issue a total of 789,890 new shares. This corresponds to a 5 per cent increase of the subscribed capital. The shares will be taken over by the existing investor IRE Beteiligungs GmbH (subsidiary of the US white goods manufacturer Whirlpool Corp.) at a placement price of EUR 6.33 per share.

Additional funds of EUR 5 million are expected to accrue to Alno as a result of the capital increase. These funds will underpin the Group's equity base and reinforce implementation of the "ALNO 2013" project.

Issuer: ALNO AG
Heiligenbergerstrasse 47
88629 Pfullendorf, Germany
ISIN: DE0007788408
Security Identification No: 778840
Stock exchanges: Regulated market in Frankfurt (General Standard), Stuttgart, open market in Berlin, Munich, Düsseldorf

ALNO Aktiengesellschaft

Alno AG is one of the leading German manufacturers of kitchens. Four production sites in Germany and one in Dubai serve both the domestic and international markets with a full range of kitchen styles. In addition to the core Alno brand, Wellmann (classic-modern style), Impuls (minimalistic style) and Pino (entry range) all belong to the Alno Group. With approximately 7000 distribution partners in more than 64 countries, Alno AG is active across the world. In the financial year 2008 around 1900 employees achieved a turnover of around 511 Million Euros and an operational result of 19.266 Million Euros (EBITDA). The share of turnover generated from exports amounted to 33.7%.