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| Datum : | 12.05.2014 |
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DGAP-News: JJ Auto AG prepares IPO at the Frankfurt and Warsaw Stock Exchange in June 2014 |
| Meldung : | DGAP-News: JJ Auto AG / Key word(s): IPO JJ Auto AG prepares IPO at the Frankfurt and Warsaw Stock Exchange in June 2014 12.05.2014 / 12:53 --------------------------------------------------------------------- IPO JJ Auto AG prepares IPO at the Frankfurt and Warsaw Stock Exchange in June 2014 * JJ Auto AG is a leading manufacturer and supplier of high-quality steel automotive parts, tools and heavy-duty machine parts * In 2013 revenue increased by 17.3 per cent to 108.5 million Euros compared to 2012 * Stable net profit margin of 15.7 per cent reflects high profitability Berlin, May 12, 2014 - JJ Auto AG, (together with its subsidiaries hereinafter "JJ Auto"), a dynamically growing manufacturer and supplier of automotive parts for commercial and heavy-duty vehicles in the Chinese market, is preparing for an IPO in the Regulated Market on the Frankfurt Stock Exchange and in parallel in the Regulated Market on the Warsaw Stock Exchange. The IPO is expected to take place in June 2014. Long-term industry experience JJ Auto is specialised in manufacturing high quality commercial vehicle fasteners, automotive tools as well as heavy-duty machine parts, such as nuts, bolts, wrenches, sleeves, track pins and bushings and track parts. As a supplementary business the company is also involved in the trading of automotive tools and parts. Founded in 1998, JJ Auto possesses extensive industry experience and technology know-how. Currently, JJ Auto exclusively sells its products in the Chinese market directly to distributors and direct sales customers, such as axle factories. The company's customer base consists of around 89 automotive parts distributors, which further sell JJ Auto's products to end users such as axle factories, repair shops and OEMs. The production facilities of JJ Auto, occupying a site area of 26,089 square metres, are located in Quanzhou City in the south-eastern Chinese province Fujian. In 2013 the production volume amounted to 82.25 thousand tons. At the end of 2013 JJ Auto employed more than 600 employees. Strong financial track record Within the last years JJ Auto showed a very positive development. In 2013 the company realized revenues of 108.5 million Euros, an increase of 17.3 per cent compared to 2012. Gross profit amounted to 24.6 million Euros and grew by 14.1 per cent year-on-year. EBIT reached 23.0 million Euros, corresponding to an improved EBIT margin of 21.2 per cent. Net profit amounted to 17.1 million Euros representing a net profit margin of 15.7 per cent. Positive development of the Chinese market for automotive spare parts China is the world's largest producer and consumer of automobiles. Due to a rise in vehicle ownership and the growing vehicle maturity, industry analysts expect the Chinese after sales spare parts market to grow significantly from UDS 32.2 billion in 2011 to USD 61.0 billion in 2021. Hence, China is expected to surpass the US to become the world's largest after sales spare parts market by 2015. At the end of 2013 the automobile spare parts market held a share of approximately 14.0 to 16.0 per cent of the total automobile parts market. Furthermore, industry experts and analysts see an increased demand for mining and heavy-duty machine parts due to a rising demand for infrastructure and in the mining industry. Therefore, the Chinese market for mining and heavy-duty machine parts is expected to grow at a CAGR of 22.0 per cent during 2013 to 2017 and to reach a value of USD 154.1 billion in 2017. ACON Actienbank AG will act as Global Coordinator and Global Bookrunner. The offer of shares of JJ Auto will be made on the basis of a prospectus, which will be published after its approval by the German Financial Supervisory Authority (BaFin). All further details regarding the IPO of JJ Auto AG will be distributed with a separate press release on May 15, 2014. For further information, please contact: Kirchhoff Consult AG Dr. Kay Baden Tel: +49(0) 40 609 186 39 Mail: baden@kirchhoff.de Or visit http://www.jj-auto.de/en Disclaimer This publication constitutes neither an offer to sell nor a solicitation to buy securities. The offer will be made solely by means of and on the basis of a securities prospectus, which will be published after approval by the German Financial Supervisory Authority (BaFin). An investment decision regarding the publicly offered securities of the issuer should only be made on basis of the published prospectus. This document is not an offer of securities for sale in the United States of America. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. The shares in JJ Auto AG have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and are not being and will not be offered or sold in the United States of America. This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "qualified persons"). All securities referred to herein are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, qualified persons. Any person who is not a qualified person should not act or rely on this document or any of its contents. The public offer in Poland and Germany will solely be made by means of and on the basis of a securities prospectus. The securities prospectus will be available at the Company's website under http://www.jj-auto.de/en and at the premises of ACON Actienbank in Munich. End of Corporate News --------------------------------------------------------------------- 12.05.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------- Language: English Company: JJ Auto AG Unter den Linden 14 10117 Berlin Germany Phone: +49 (0)30 72616 8000 Fax: +49 (0)30 72616 8001 E-mail: jj-auto@kirchhoff.de Internet: www.jj-auto.de ISIN: DE000A1TNS70 WKN: A1TNS7 Listed: Regulierter Markt in Frankfurt (General Standard) Notierung vorgesehen. / Intended to be listed. End of News DGAP News-Service --------------------------------------------------------------------- 267760 12.05.2014 |
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