Pfisterer aims for Frankfurt Stock Exchange in the coming weeks with an IPO!
Pfisterer family enterprise seeks stock market debut on Frankfurt Exchange
Family-owned electrical engineering firm, Pfisterer Holding SE, is gearing up for an Initial Public Offering (IPO) in the "Scale" segment of the Frankfurt Stock Exchange's open market for smaller and medium-sized companies. This move comes with an ambitious goal of raising a whopping 100 million euros by selling new shares in the second quarter of the year.
The Pfisterer family is also planning to sell a portion of their shares, ensuring at least 25 percent of the company is in free float. Top-notch investment banks Berenberg and Commerzbank, along with Oddo BHF, are teaming up to make this exciting venture a reality.
In the past year, Pfisterer generated sales of 383.1 million euros, employing approximately 1,200 dedicated experts. The order intake was even more promising, reaching 423.2 million euros. The adjusted operating result (EBITDA) saw a healthy increase of 24 percent, reaching 64.4 million euros.
Pfisterer's future looks promising, with medium-term sales targets of 665 to 735 million euros and increasing margins. The company is prepared to pay out 30 percent of the net profit as a dividend.
The IPO's proceeds, along with the company's profits, will be invested in the expansion of production capacities in Germany and overseas, as well as smaller acquisitions abroad. Pfisterer's products can be found in high-voltage networks, transformer stations, trains, offshore wind turbines, and cable systems. Efficient energy transmission and developing new networks are vital for the success of the energy transition.
Why is this IPO significant?
Pfisterer's IPO is crucial for a few reasons:
- Renewable Energy Integration: Pfisterer's focus on developing solutions designed to connect renewable energy sources and conducting long-distance transmission helps integrate green power into the grid.
- HVDC Technology: The company's dedication to High Voltage Direct Current (HVDC) technology can improve power transmission efficiency and capacity – an essential element for transitioning to a more renewable energy-based power system.
- Global Expansion: As Pfisterer expands its global presence, it can spread these technologies across different regions, contributing to a worldwide shift towards sustainable energy systems.
In summary, Pfisterer's IPO is not just an exciting financial move – it's a significant step towards a greener and more sustainable future!
- The 100 million euros Pfisterer aims to raise from its Initial Public Offering (IPO) will be used to invest in the expansion of production capacities, both in Germany and overseas, as well as for smaller acquisitions abroad.
- The Pfisterer family is planning to sell a portion of their shares, ensuring at least 25 percent of the company will be in free float during the IPO.
- Pfisterer's upcoming IPO will provide the necessary funds to help integrate renewable energy sources into the grid, thanks to the company's focus on developing solutions and its dedication to High Voltage Direct Current (HVDC) technology.
