WILD Flavors GmbH, Zug - WILD Flavors GmbH has proven capital market readiness (15.06.2011)

By combining the global flavor activities under WILD Flavors GmbH as of July 31, 2010, a new group has been created that has set standards in the financial area within a very short time frame.

Harmonization of global accounting and implementation of the first consolidation of all legal entities worldwide have been achieved as per the end of Q3 2010. First consolidated annual financial statements for the new group have been prepared as of December 31, 2010, showing an equity ratio of over 60% (64.6% to be exact). Group Leverage defined by the ratio of Net Debt to EBITDA stands at around factor 1. With these ratios WILD Flavors commands a prime position in the industry.

A further milestone has been the signing of a €250 million syndicated loan facility on April 20, 2011 proving WILD Flavors’ capital market readiness. The new group’s bank ratings positioned it as an “investment grade” opportunity. With 500 million Euros the finance transaction has been significantly on versubscribed which also resulted in lower interest cost. With the new facility financing cost has been reduced by more than 40%.

In addition the operational business is performing very well. The group will close the first half of 2011 with record sales. For FY 2011 WILD expects a turnover of its global ingredients business of more than 1 billion U.S. dollars. This puts the company in 5th place just behind Givaudan, Firmenich, IFF and Symrise with WILD having a clear focus on natural flavors and ingredients thereby delivering an unique USP.

With its solid balance sheet, its strong operational business and the new financing WILD Flavors has created a solid base for further profitable growth.

Contact:
Publik. Agentur für Kommunikation GmbH
Dr. Antje Louis, Carola Kappe
Rheinuferstr. 9
D-67061 Ludwigshafen
Tel.: +49 621 9636 0032
Fax: +49 621 9636 0050
E-mail: c.kappe@agentur-publik.de