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Exemption from obligations regarding the maintenance of listing – Approval of delisting of bearer share

Hügli Holding Aktiengesellschaft decides to file petition for de-listing of Hügli bearer shares

Bell Food Group Ltd publishes definitive end result in public tender offer for Hügli Holding Aktiengesellschaft

Bell Food Group Ltd publishes provisional end result in public tender offer for Hügli Holding Aktiengesellschaft

At Hügli Holding AG’s Annual General Meeting held in Arbon today, the shareholders approved all proposals of the Board of Directors with a large majority. The representatives of the majority shareholder Bell Food Group are new members of the Board of Directors.

Bell Food Group Ltd publishes definitive interim result in public tender offer for Hügli Holding Aktiengesellschaft

Bell Food Group Ltd publishes provisional interim result in public tender offer for Hügli Holding Aktiengesellschaft

Income grows in second half of 2017, partially compensating for shortfall

  • 2017 revenues at previous year’s level at CHF 384 million
  • Moving out of the trough in Q4 2017 with positive dynamism
  • One-off start-up costs for new production lines in Germany
  • Lower operating costs partially compensate for lower gross profits
  • EBITDA in 2017 down slightly by CHF 2.0 million to CHF 40.8 million, however with positive earnings growth of +5.7% in H2
  • Consolidated profits of CHF 20.2 million result in attractive profit margin of 5.3%
  • Unchanged solid balance sheet and growing free cash flow
  • Successful start to 2018: Revenues in Q1 +9.5%

Competition authority approves the acquisition of Hügli Holding Aktiengesellschaft by Bell Food Group Ltd

Past the trough thanks to positive sales dynamics

  • Sales 2017 with CHF 384.0 million at previous year's level
  • Positive currency effect since August 2017
  • Temporary dent in cyclical key account business overcome

Forward-looking succession plan at Hügli: Bell Food Group acquires majority capital stake from founder’s descendants

Dr. A. Stoffel Holding AG, majority shareholder in internationally active Hügli Group based in Steinach, has arrived at a long-term succession solution by selling its capital stake of 50.2% and voting stake of 65.0% to Swiss company Bell Food Group, one of the leading meat processors and manufacturers of convenience products in Europe. Bell Food Group has simultaneously made a public takeover offer for the remaining publicly traded shares of Hügli Holding AG at a price of CHF 915 per share, which relative to the nominal value is the same price as applies to the majority stake bought from Dr. A. Stoffel Holding AG. The price corresponds to a takeover premium of 14.4% over the volume-weighted average price for the last 60 trading days prior to the announcement of the takeover offer. The Board of Directors of Hügli Holding AG unanimously supports this offer and recommends that shareholders accept it. With this union, the descendants of the founding family of Hügli have assured the future of their successful company, while the Bell Food Group has been able to significantly expand its position in the convenience products sector. To ensure continuity, the Bell Food Group intends to propose that its Annual General Meeting on 10 April 2018 elects Dr. Jean Gérard Villot, current Chairman of the Board of Directors of Hügli Group, as an additional member of the Board of Directors of Bell Food Group AG.

Takeover of primaVita brand business
 Huegli achieves significant earnings growth
General Meeting 2014
 Huegli's profits soar in 2013, positive outlook
Sales growth of +13.1% in 2013
20.08.2013      Huegli achieves good earnings growth
15.07.2013 Personnel change in the group executive management
15.05.2013 General meeting 2014
17.04.2013 2012 year of transition, bringing lower income but a positive outlook
29.01.2013 Stable revenues, lower earnings 2012
07.12.2012 Take-over of sales activities of German Vogeley Group
14.11.2012 Personnel changes in the group executive management
08.11.2012 Drop in sales in Q3 reduces forecasts for 2012
17.08.2012 Gross margin drops due to higher raw materials prices in H1 2012
23.05.2012 General meeting 2012
12.04.2012 Huegli records EBIT margin of 8,6% on a difficult market
27.01.2012 Moderate organic growth in 2011
16.08.2011 Operating result marked by soaring raw materials prices and strong Swiss Franc
20.06.2011 Personnel changes in group executive management as per 1 July 2011
11.05.2011 General meeting 2011
14.04.2011 Best ever results in earnings and profitability
27.01.2011 Good financial year 2010 for Huegli
30.12.2010 Changes to the board of directors and group management as per 2011
13.08.2010 Continued improvements in H1 earnings
19.05.2010 General meeting 2010
17.05.2010 Huegli sells a non-strategic product line in the Czech Republic
15.04.2010 Satisfactory increase in income / Stronger organic sales growth
27.01.2010 Increased organic sales growth in H2 2009
14.08.2009 Strong development in earnings
24.07.2009 Huegli will adopt Swiss GAAP FER
13.05.2009 Solid start through April 2009 with organic sales growth of +1,5%
15.04.2009 Sustained strong organic sales growth
27.01.2009 Sustained Sound organic sales growth
15.08.2008 Dynamic sales development
14.05.2008 Huegli Holding shareholders approve all proposals
11.04.2008 Sustainable organic sales growth
04.02.2008 Huegli strengthens Industrial Foods business in the UK
25.01.2008 Steady sales growth in all segments
13.04.2007 Continued solid sales growth of the Huegli Group
21.04.2006 Huegli continues road to success
22.04.2005 Huegli on the road to success

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