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Aumann AG
Earnings Release • Dec 15, 2020
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Ad-hoc | 15 December 2020 11:35
Aumann AG: Aumann decides to adjust capacity due to weak demand in the automotive industry
Aumann AG / Key word(s): Miscellaneous
Aumann AG: Aumann decides to adjust capacity due to weak demand in the automotive industry
15-Dec-2020 / 11:35 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Beelen, 15 December 2020
With the agreement of the Supervisory Board, the Executive Board of Aumann AG (“Aumann”, ISIN: DE000A2DAM03) today has decided on further measures to optimize the company’s cost structure and production depth as well as to adjust capacities to the significantly weaker demand in the automotive industry. For Aumann’s German production sites in Beelen, Espelkamp and Limbach-Oberfrohna the decision was made to reduce the overall headcount by around 200. All three sites are affected to a similar extent. For Beelen and Espelkamp, negotiations with the workers’ council will be started in due course. In addition to the personnel measures already undertaken in the current financial year, including the closure of the Hennigsdorf site, this results in a reduction to around 750 employees during the course of the 2021 financial year. Through these extended measures, Aumann sees itself flexibly positioned for the current market environment as well as for a recovery in demand.
Provisions of presumably €8.5 million will have to be formed in connection with the reduction in headcount, which will burden the 2020 financial year results. Adjusted for this year’s one-of charges, which are especially related to the closure of the Hennigsdorf site and the further steps that were decided today, management continues to expect a slightly positive EBITDA margin for the current financial year.
Aumann AG
Dieselstrasse 6
48361 Beelen
Germany
www.aumann.com
The Executive Board
Rolf Beckhoff (CEO)
Sebastian Roll (CFO)
The Supervisory Board
Gert-Maria Freimuth (Chairman)
Christoph Weigler
Dr. Christof Nesemeier
Court of registration
Münster Local Court, register number: HRB 16399
For further information, please contact
Investor Relations
André Schütz
+49 2586 888 7807
15-Dec-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | Aumann AG |
| Dieselstraße 6 | |
| 48361 Beelen | |
| Germany | |
| Phone: | +49 (0) 2586 888-7800 |
| Fax: | +49 (0) 2586 888-7805 |
| E-mail: | [email protected] |
| Internet: | www.aumann.com |
| ISIN: | DE000A2DAM03 |
| WKN: | A2DAM0 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1155250 |
| End of Announcement | DGAP News Service |