Im Geschäftsbericht werden bereits Optionen zur Liquiditätssicherung beschrieben. Zur Not hilft Mutares durch einen Kauf von Vermögensgegenständen aus, der STS-Vorstand zeigt sich aber optimitisch, dass die "Notlösung" nicht gebraucht wird. Oberstes Ziel bei den Kursen: Liquidität sicherstellen, Coronakrise überstehen und mit den geplanten neuen Aufträgen gestärkt zurückkommen. Meine Prognose: Turnaround in 2021, die Börse könnte das natürlich schon vorher antizipieren.
Hier der Auszug:
Due to the latest developments, particularly in Europe, in relation to the COVID-19 pandemic, the associated plant closings and a lack of revenue, the group will not be able to fully cover the liquid-ity needs of the coming months from existing liquid funds and fixed loan commitments. The Execu-tive Board has therefore initiated additional financing measures to secure the Group’s liquidity needs in the long term.Measures include the adjustment of capacities, which essentially include short-time work, and measures to reduce costs. In order to ensure liquidity, the following action plans have been drawn up in particular:
- The completion of additional local funding, which is supported by extensive government mea-sures to support the economy in France, Germany and Italy (in particular guarantee programs). Financing of the French subsidiaries of approx. 15,7 mEUR is particularly important here. These have been applied for and the Executive Board is very likely to be able to conclude this financing.
- Liquidity support from customers and legally permissible deferrals of payments, e.g. of social security contributions, lease payments and various taxes.
- In addition, the majority shareholder, Mutares SE & Co. KGaA made STS Group a temporary offer, to acquire a segment at a price in the low double-digit million EUR range (put option). If neces-sary, this put option can be exercised to secure additional liquidity for the STS Group. In view of the financing options presented above, the Executive Board assumes, that exercising this put option will probably not be necessary to ensure liquidity in the relevant 12-month period.
The continued existence of the Group is dependent on the successful implementation of the afore-mentioned measures, as the Group may otherwise not be able to realize its assets and pay its debts in the ordinary course of business, which indicates the existence of a material uncertainty, possi-bly causing significant doubts in the ability of the company to continue operating and which poses a risk to the company’s existence. The Executive Board is confident and assumes that the above-mentioned measures can be implemented with a high degree of probability and that the continuation of the company’s activities can thus be ensured.
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