edel music AG expects substantial increase for half-yearly result and issues corporate bond
Hamburg - For the half-yearly result of its current financial year, edel music AG again expects an improvement. According to preliminary figures, the half-yearly EBIT (as of March 31, 2005) for the edel group will increase by more than 50% compared to the previous year, to over 6 million Euros (March 31, 2004: 4,0 million Euros).
At the end of April, edel music AG plans to issue a corporate bond of up to 30 million Euros (Teilschuldverschreibungen). These funds shall mainly be used for investments and the repayment of long-term liabilities in the group’s distribution and replication area. The bond with a fixed rate interest of 7% p.a. shall have a duration of five years and will be divided into shares of 1,000 Euros. It will be issued on April 28th, the day after the Annual General Meeting. The admission to Frankfurt stock market (Freiverkehr) is planned for the upcoming summer.
edel music AG
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