HOMAIR Vacances has issued yesterday a ¤2.4m bond as part of the GIAC bond programme. This features a particularly long maturity (9.5 years) at a nominal rate of EURIBOR +3.05%.
This is a positive addition to the active financing diversification policy led by the Group's management over the past 12 months, which demonstrates the attractiveness of its underlying business model:
- Micado bond issued in September 2012 (HOMAIR first issuer)
- Sale and lease transaction on part of the land portfolio
- Oseo credit line
For the record, HOMAIR Vacances has built a sound financial structure with shareholders' equity growing alongside the Group's net income (+¤4.0m) in 2012, while the Net Financial Debt has been reduced from ¤56.5m in 2011 to ¤53.1m in 2012 and cash position amounts to c.¤15m on its September 30th 2012 consolidated balance sheet. This provides the Group with an interesting strategic flexibility in a highly fragmented sector.
Next press release:
End-of-March bookings: April 1st, 2013 (after market closes)
ISIN code: FR0010307322
Corporate website: www.homair-finance.com
E-commerce website: www.homair.com
Homair Vacances: a leading specialist in mobile-home holidays
The Group is the French leader of the mobile home holiday market in which it operates exclusively. In 2012, the Group reported revenue of ¤66.5 million, and operates c.8,500 mobile-homes spread across c.150 selected or company-operated campsites.
The Company has leveraged its French and British customer base to expand its holiday parks offer in major Southern European countries (Spain, Italy, Portugal and Croatia). It sells holidays in France and Great Britain, but also in Belgium, the Netherlands, Germany, Denmark Italy and Spain.
Note: fiscal year-end is September 30th ("year n" refers to fiscal year ended September 30th, n).
Philippe de Trémiolles
T : +33 (0) 4 42 59 14 32
F : +33 (0) 4 42 95 03 63
Analysts, Investors and Press relations
T : +33 (0) 6 85 76 05 60
Communiqués au titre de l'obligation d'information permanente :
- Autres communiqués Communiqué intégral et original au format PDF :
http://www.actusnews.com/documents_communiques/ACTUS-0-30861-communique-01feb13-uk-1.pdf © Copyright Actusnews Wire
Recevez gratuitement par email les prochains communiqués de la société en vous inscrivant sur www.actusnews.com
Receive by email the next press releases of the company by registering on www.actusnews.com, it's free
|HOMAIR VACANCES||Euronext Paris||ND||0.00%||0|