Brief: Stern Groep Net Turnover Up At EUR 200.5 Mln

PB Holding NV

10/11/2021 17:27

Nov 10 (Reuters) - STERN GROEP NV  ARTN.AS :
    * STERN TRADING UPDATE Q3-2021
    * NET TURNOVER SEC Q3-2021 IS € 200.5 MILLION, THIS IS 1.4%
HIGHER
COMPARED TO Q3-2020
    * SOLVENCY IS AS OF SEPTEMBER 30, 2021: 33.5% (YEAR-END
2020:
28.9%)
    * NET ASSET VALUE PER SHARE AS AT 30 SEPTEMBER 2021 IS
€23.53
(YEAR-END 2020: €22.09)
    * AGREEMENT HAS RECENTLY BEEN REACHED WITH THE BANKS ON
EXTENDING
THE EXISTING FACILITIES UNTIL THE END OF MAY 2023
    * RESULT FROM CONTINUING OPERATIONS AFTER TAX IN THE Q3-2021
SEC
IS € 2.9 MILLION (Q3-2020 SEC: € 3.2 MILLION NEGATIVE)
    * AGREEMENT HAS BEEN REACHED WITH VAN DER LINDEN VAN
SPRANKHUIZEN
ABOUT THE ACQUISITION OF 2 OPEL BRANCHES IN NORTH HOLLAND
    * ACQUISITION WILL BE COMPLETED AT THE BEGINNING OF 2022
    * FCA (NOW STELLANTIS) ACTIVITIES IN AMERSFOORT WILL BE
TRANSFERRED TO HENRI & HERMAN AT THE BEGINNING OF 2022
    * IT IS ESTIMATED THAT A LARGE PART OF THE GROWING ORDER
BOOK CAN
ONLY BE DELIVERED IN THE COURSE OF 2022
    * NEGATIVE IMPACT ON SALES AND OPERATING RESULTS FROM THE
RECENT
UPTICK IN COVID-19 INFECTIONS WILL CONTINUE FOR SOME TIME TO
COME
    * IN ADDITION, IT IS LIKELY THAT THE STILL GROWING ORDER
BOOK IN
Q4-2021 WILL NOT YET LEAD TO A CLEAR INCREASE IN SALES OF NEW
VEHICLES
    * WE EXPECT RESULTS TO IMPROVE FURTHER IN Q4-2021

Further company coverage:  ARTN.AS 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 587 696 600;))