Trading Update on the first Quarter of 2014
April 23, 2014
Fleischhauer
The Company’s subsidiary Fleischhauer performed in line with budget during the first quarter of this year. The Fleischhauer Group realized a Net Turnover of € 11.4 million, with EBITDA of € 0.9 million and a net profit of € 0.6 million. As already announced the Company has started an auction process for the disposal of all of its shares in The Fleischhauer Group. Last week, April 17, we have announced that an exclusivity agreement has been signed with a party interested in the acquisition of all shares of the Fleischhauer Group with a confirmed indicative price expecting to lead to a final price exceeding € 20 million, depending on the due diligence still to be carried out and further negotiations.
Your Drinks AG
After many years without revenue Your Drinks has made a real start. For China Mainland, we have to produce locally. Your Drinks is negotiating with various parties in China Mainland for the first commercial accounts and expects that the first production runs will be ready at the end of May. The corporate office for China was opened in Shanghai; a suitable producer and a product license for China are available; a processing contract has been signed with a producer; name protection has been ensured and we have received the CIQ certificates for the products regular, cola and green apple.
In the Netherlands and Austria the number of outlets is growing rapidly. In the context of legal regulations in Germany for the deposit on cans, we can only offer milk products cacao and coffee first. Your Drinks is currently working on the organizational requirements to fulfill the regulations for the deposit on cans, so that all the other seven products can be offered in Germany in due course.
Your Drinks AG is convinced that the sales figures for the current year will increase significantly.
For additional information, please contact:
OIM plc
Marius Ritskes, CEO
+31 (0)40 214 65 65
info@oimplc.com