Wittur  8.5% 15 Feb 2023

Business Description

The Wittur Group, is a worldwide leading producer and supplier of elevator components. Founded 1968 in Germany, the group operates in Europe, Asia and Latin America and is headquartered in Wiedenzhausen, Germany.

Wittur started its business with the production of elevator doors only and has developed itself over time to an enterprise offering complete elevators and producing a wide range of elevator components such as:

  • Elevator doors (car doors and landing doors)
  • Lift machines
  • Safety devices (especially over-speed governors and safety gears)
  • Cars/Car slings
  • Shaft accessories
  • Complete elevator systems

Bond Information

Coupon

8.5%

Maturity Date

15 Feb 2023

Repaid On

10 Oct 2019

Interest Period

6 months

ISIN

XS1188024548

Asset Security

Senior Unsecured

Amount

€225,000,000

Ratings

S&P:  CCC, Moody's:  Caa2

Call Schedule

15 Feb 2018 at 104.25
15 Feb 2019 at 102.125
15 Feb 2020 at 100

Status

Repaid

* Current Yield and Yield to Maturity are on estimated return calculations and not guaranteed. All yields shown are gross of Taxation and our Service Fee.

Company Information

Industry

Technology

Country of Origin

Germany

Year of Incorporation

1968

Ownership Status

Private

Capital Structure

Senior Debt 40%

Junior Debt 21%

Equity 39%

Cash

-1.2%

Senior Notes (combined)

6.2%

Content Liabilities

12.0%

Net Debt

17.0%

Equity

83.0%

Enterprise Value

100.0%

EDITDA

£883,000,000

Cash interest

£226,400,000

Source: Public Company Information

* An asterisk next to an item indicates there is additional information available if you hover over it. You can also find a definition of the terms used on this page in our Glossary.

Based on a 10x purchase multiple paid by Public Sector Pension Investment (“PSP”) in a purchase agreement to acquire a 32% stake in the Company, dated 28th December 2018.

Key Financials

Revenues

11,607

Growth %

38.1%

EDITDA

1,681

Margin %

14.5%

Cash balance

3,067

Source: Public Company Information

Reports & Information

Throughout our site you will find links to external websites. Although we make every effort to ensure these links are accurate, up to date and relevant, we cannot take responsibility for pages maintained by external providers.

Throughout our site you will find links to external websites. Although we make every effort to ensure these links are accurate, up to date and relevant, we cannot take responsibility for pages maintained by external providers.

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