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Arbonia AG / Key word(s): Real Estate
Arbonia sells the "Zelgstrasse" site in Arbon to the HRS Group for around CHF 34 million
20-Jun-2024 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.
Arbon, Switzerland, 20 June 2024 - Arbonia AG has sold the approx. 35,000 m2 site in Zelgstrasse in Arbon to a company
of the HRS Group via its subsidiary AFG Immobilien AG. The completely leased site, which is classified as non-operating
real-estate, has thus been sold in line with the strategy.
The site in Zelgstrasse in Arbon, in close vicinity to Lake Constance, is almost completely built up and once housed
the refrigerator production of the former Arbonia subsidiary Forster Kühltechnik AG. Today, the site is fully leased to
a third party. The purchase price is more than CHF 34 million, and the notarisation took place on 19 June 2024. The
sale leads to a positive EBITDA contribution of approx. CHF 28 million and after deduction of taxes, to a positive
effect on the net result, which will be recognised in the consolidated net income in the first half of 2024.
After focusing on the doors business and acquiring Dimoldura and Lignis, Arbonia has achieved a further step in their
announced reduction of non-operating property.
Contact
Fabienne Zürcher
Head Corporate Communications & Investor Relations
T +41 71 447 45 54

fabienne.zuercher@arbonia.com  
End of Inside Information  
Language:     English 
Company:      Arbonia AG 

Amriswilerstrasse 50
9320 Arbon
Switzerland

Phone:        +41 71 447 41 41 
E-mail:       holding@arbonia.com 
Internet:     www.arbonia.com 
ISIN:         CH0110240600 
Listed:       SIX Swiss Exchange 
EQS News ID:  1929287 

End of Announcement EQS News Service
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1929287 20-Jun-2024 CET/CEST

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1929287&application_name=news

END) Dow Jones Newswires

June 20, 2024 01:00 ET (05:00 GMT)