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Jotul Holdings SA – Delayed publication of audited consolidated annual financial statements

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Jotul Holdings SA – Delayed publication of audited consolidated annual financial statements

Press release, Luxembourg 5. June 2020

Jotul Holdings SA (the "Company") has in a press release dated 23 April 2020 communicated that the publication of its audited consolidated financial statements for the financial year ended 31 December 2020 (the "Financial Statements"), which were to be published and made available no later than 30 April 2020 pursuant to the terms and conditions of its outstanding up to NOK 400,000,000 senior secured bond loan (ISIN NO0010815749) (the "Bonds"), would be delayed and published no later than 22 May 2020 due to the ongoing COVID-19 pandemic and the discussions with stakeholders in connection with the written procedure which was initiated with respect to the Bonds on such date (the "Written Procedure").

The ongoing COVID-19 pandemic as well as the work with implementing the amended financing of the Jotul group, as set out in the Written Procedure, have put a strain on the availability and resources of the Company's finance team, as staffing has been reduced in light of COVID-19 with forced absence of certain key persons. Due to this, the Company has not managed to publish the Financial Statements before 22 May 2020.

The Company is close to finalize the Financial Statements, and the relevant management and board meetings for approvals are scheduled at 12 June and 15 June 2020, respectively. The Financial Statements are therefore expected to be published on or about 17 June 2020.

For further information, please contact: 

Nils Agnar Brunborg, CEO Telephone: +47 90 60 55 78 Email: nils.brunborg@jotul.no

This information is information that Jotul Holding SA is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 17:30 CEST on 5 June 2020. 

Emner


Jøtul er en av verdens eldste produsenter av ovner, innsatser og peiser. Med bakgrunn i en stolt norsk tradisjon, har vi kombinert solid håndverk med kunsten å bekjempe kulde i mer enn 160 år. Dette er bakgrunnen for Jøtuls posisjon som markedsleder og det naturlige valget for kunder verden over.

Kontakter

René Christensen

René Christensen

Pressekontakt Senior Vice President Sales +47 977 53 237

I kampen mot kulda siden 1853

Jøtul har produsert ovner og peiser av støpejern siden 1853. Det er et ekstremt egnet materiale for produkter som skal tåle høye temperaturer og raske temperaturendringer. Norsk tradisjon og solid håndverk har vært oppskriften til at Jøtuls produkter har blitt det naturlige valget for kunder verden over.

Jøtul AS
Langøyveien
1679 Kråkerøy
Norge
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