Capital/Financing Update • Jun 10, 2011
Capital/Financing Update
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publication: 10.06.2011 13:45 source: http://adhoc.pressetext.com/news/1307706300281 keywords: Mid-term_financing / delay_repayments / adaption_credit_line
Adhoc announcement according to article 48d section 1 BörseG
Klagenfurt (pta/10.06.2011/13:45) - The SW Group is mainly financed through bank loans. These were taken out mainly for modernisation and expansion investments between 2005 and 2008. SW Umwelttechnik's transparent and proactive information policy meets the expectations of the leading banks. Due to this good relationship the company can count on their support even during economically challenging times in CEE.
As stated in our annual report 2010, the company asked for an adaption of repayments for the investment loans. At the end of 2010 the banks had already assured their support. Based mid-term planning, developed in corporation with the financing banks, negotiations on a delay of repayments until mid of 2012 have started. So far these look like yielding the expected results, ie a general agreement to our propostion. The long-term repayment conditions will be adapted to the economical climate within the next year.
The company's strategy of taking advantage of the sustainable growth opportunities in CEE markets has proven itself even in these economically challenging times. In addition, SW Umwelttechnik will benefit from the market upswing due to the investments made into modern plants.
SW Umwelttechnik, a family firm founded in 1910 and listed on the Viennese stock exchange since 1997, stands for sustainable management and consistent growth in Eastern and South-eastern Europe. With our innovative technology to protect the environment we provide an important contribution for the development of necessary infrastructure in Central and South-eastern Europe.
| emitter: | SW Umwelttechnik Stoiser & Wolschner AG Bahnstraße 87-93 9021 Klagenfurt Austria |
|---|---|
| contact person: | MMag. Michaela Werbitsch |
| phone: | +43 664 811 76 62 |
| e-mail: | [email protected] |
| website: | www.sw-umwelttechnik.com |
| ISIN(s): | AT0000808209 (share) |
| stock exchanges: | official trade in Vienna |
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