Press Releases of ALNO AG

Press Release of ALNO AG dated July 11, 2017

ALNO AG applies for reorganisation proceedings with self-administration – initiated turnaround to be secured

Pfullendorf, 11 July 2017 – Applying to Hechingen Local Court to open insolvency proceedings with self-administration, ALNO AG's Board of Directors wants to continue the reorganisation measures initiated at the beginning of the year and secure the turnaround.

Press Release of ALNO AG dated June 30, 2017

ALNO AG: In the first five months, restructuring sees a reduction in the operating deficit with turnover remaining almost unchanged – publication of the annual and consolidated financial statement postponed to 14 August and the general meeting of shareholders to 28 September.

Pfullendorf, 30 June 2017 – After the first five months, the restructuring measures introduced at the beginning of the year within the ALNO Group show the following results: according to provisional figures, the operating deficit (EBITDA before restructuring) in Germany fell to minus € 1.3 million by the end of May 2017 (Jan-May 2016: minus € 10.0 million). Year on year, a reduction of € 14.5 million to minus € 7.3 million was achieved across the Group by the end of May 2017.

Press Release of ALNO AG dated May 29, 2017

ALNO AG: Christian Brenner follows Max Müller as Board Chairman – Supervisory Board acknowledges business personality 

Pfullendorf, 29 May 2017 – After six years as Board Chairman at ALNO AG, Max Müller hands his office over at the end of May to the present Chief Financial Officer (CFO), Christian Brenner. The Supervisory Board accepted the resignation at its meeting today and reached the decision to conclude a severance agreement. Andreas Sandmann remains on the Board as Chief Sales Officer (CSO).

Press Release of ALNO AG dated March 10, 2017

ALNO AG: Board and IG Metall informed staff about result of negotiations over job cuts at works meeting

Pfullendorf, 10 March 2017 – At midday today, ALNO AG's Board of Directors and Works Council as well as the IG Metall metalworkers' union informed staff about the result of job-cut negotiations in a special works meeting at Pfullendorf headquarters. The package of measures agreed between ALNO AG, the Works Council and IG Metall will make a key contribution to securing ALNO AG's long-term future – both financially as well as on the market.

Press Release of ALNO AG dated January 27, 2017

ALNO AG: Frank Wiedenmaier leaves ALNO AG – Reallocation of Board responsibilities, reducing members from four to three

Pfullendorf, 27 January 2017 – Frank Wiedenmaier resigns from ALNO AG's Board of Directors at his own request and by mutual agreement. Board and Supervisory Council also say thank you on behalf of ALNO AG's staff for the success he has had and for the key contribution he made in particular to boosting performance and efficiency in ALNO AG's production network. Covering all factories, purchasing, logistics as well as quality, Frank Wiedenmaier has been responsible at ALNO AG as COO for "Operations" since January 2016 (from May 2016 as Board member).

Press Release of ALNO AG dated January 20, 2017

ALNO AG: Board informs staff about cornerstones of announced restructuring programme

Pfullendorf, 20 January 2017 – ALNO AG's Board of Directors today informed employees in staff meetings at headquarters in Pfullendorf as well as at the factories in Enger and Coswig about the cornerstones of the restructuring programme already announced. 

Press Release of ALNO AG dated January 10, 2017

Result after the end of the additional acceptance period: Tahoe Investors GmbH holds 43.13 per cent of voting rights – "Successful entry of new major shareholder"

Pfullendorf, 10 January 2017 – ALNO AG welcomes the fact that 9.88 per cent of the independent shareholders  have accepted the takeover offer published on 16 November 2016 and that Tahoe Investors GmbH has reached a total share in voting rights of 43.13 per cent, including the shares already held. The period for accepting the offer ended on Wednesday, 4 January 2017.

Press Release of ALNO AG dated January 3, 2017

Double award for ALNO AG: listing in World Market Leader Index and Interior Innovation ICONIC Award for ALNOATTRACT

Pfullendorf, 3 January 2017 – Listing the company in the World Market Leader Index, the University of St. Gallen and the Academy of German World Market Leaders confirm that ALNO AG ranks among the best in its business sector worldwide. The accolade as World Market Leader Champion 2017 was awarded in the "Kitchen Systems" segment of the "Construction Industry" business sector.