Dec. 13, 2016: CFO Frank Schulkes to leave Wittur Group
Wiedenzhausen, December 13th, 2016 – The Wittur Group (ISIN: XS1188024548, XS1188025438) announced today that, in agreement with the Supervisory Board, CFO Frank Schulkes has decided to leave the company for personal reasons. The Group’s Supervisory Board has initiated the search for a new CFO. With immediate effect, Wittur Group CEO Patrik Wohlhauser, will also take on the responsibility for the finance function. He will be supported by an interim CFO Office until a successor is found.
Michael Siefke, Chairman of the Wittur Group’s Supervisory Board, commented: “We would like to thank Frank for his commitment and the work he has performed over the past months. He joined Wittur in a decisive moment and has supported the successful integration of Sematic into the Group while continuing to keep up a strong business performance. We wish him all the best for his future.”
The integration of Sematic and the achievement of synergies continue to make very good progress and are fully on track. Wittur Group reiterates its financial outlook released with the publication of the earnings for the first nine months 2016 in mid-November. The Management continues to expect the revenue and EBITDA Adjusted development of the combined pro forma Wittur Group to be more or less stable for the full year 2016. For 2017, the consolidated Wittur Group revenue and EBITDA Adjusted are expected to exceed 2016 combined pro forma Wittur Group levels.
Investor Relations Contact
Yara Kes
Wittur Holding GmbH
Rohrbachstraße 26-30
85259 Wiedenzhausen | Germany
Phone: +49(81 34) 18 - 173
Mail: yara.kes@wittur.com
Michael Siefke, Chairman of the Wittur Group’s Supervisory Board, commented: “We would like to thank Frank for his commitment and the work he has performed over the past months. He joined Wittur in a decisive moment and has supported the successful integration of Sematic into the Group while continuing to keep up a strong business performance. We wish him all the best for his future.”
The integration of Sematic and the achievement of synergies continue to make very good progress and are fully on track. Wittur Group reiterates its financial outlook released with the publication of the earnings for the first nine months 2016 in mid-November. The Management continues to expect the revenue and EBITDA Adjusted development of the combined pro forma Wittur Group to be more or less stable for the full year 2016. For 2017, the consolidated Wittur Group revenue and EBITDA Adjusted are expected to exceed 2016 combined pro forma Wittur Group levels.
Investor Relations Contact
Yara Kes
Wittur Holding GmbH
Rohrbachstraße 26-30
85259 Wiedenzhausen | Germany
Phone: +49(81 34) 18 - 173
Mail: yara.kes@wittur.com
Since 1977 Wittur supplies the lift industry with versatile and high-quality doors.
Since 1977 Wittur has been providing the lift industry with versatile and high-quality doors. More than 30 years later Wittur is the leading company in the lift doors segment, with state-of-the-art technical solutions and unparalleled product range. Regardless of whatever your lift requires - a round door with panoramic panels rather than a straight or a folding one - Wittur can supply the best solution for your needs.
Research for innovative solutions and rigid control of product quality are key features of Wittur Safeties.
Wittur offers a wide range of car and counterweight frames. Modularly conceived, these components are very flexible in terms of rated load, height and width. The wide range of accessories includes safety gears, suspension pulleys, compensation chain and travelling cable hangers, allowing configurations suitable for different shaft layouts, lift designs and rated speeds. Wittur can also supply special frames for tailored projects.
Research for innovative solutions and rigid product quality control are key features of Wittur Safeties.
According to EN81-1/2 A3 and EN81-21 A1 (new lifts in existing buildings), new lifts installed after January 1st 2012 must be equipped with a system to prevent a car moving away from the floor with the landing door not in the locked position and the car door not in the closed position.
Since 1977 Wittur supplies the lift industry with versatile and high-quality doors.
Since 1977 Wittur supplies the lift industry with versatile and high-quality doors.
Since 1977 Wittur supplies the lift industry with versatile and high-quality doors.
