Dépêches

Carbures Joins Madrid Stock Exchange

Dépèche transmise le 27 mars 2012 par Business Wire

Carbures Joins Madrid Stock Exchange

GREENVILLE, S.C.--(BUSINESS WIRE)--Carbures joined the Madrid Stock Exchange (MAD:CAR). Carbures Europe President Carlos Guillen and Carbures Europe CEO Rafael Contreras participated in the traditional ringing of the bell at noon Friday, March 23, 2012, as their company was the first carbon fiber manufacturer added to the Spanish exchange, which is similar to the NASDAQ exchange in U.S.

An engineering and manufacturing company specializing in composites and carbon fiber, Carbures has a U.S. presence in Greenville’s South Carolina Technology & Aviation Center and is part of the state’s growing aviation cluster.

Analysts project that carbon fiber will be an interesting asset for investors because of the high growth potential in a number of industries, including aerospace, automotive, naval and construction sectors.

According to company officials, Carbures has joined the Alternative Investment Market (MAD) in the high technology segment. Trading as CAR, the company has publicly offered 2 million shares, at an initial price of 1.08 euros per share.

With its global vision, Carbures recently initiated operations in South Carolina and China to become the only Tier 2 manufacturer with a presence in the three major aerospace markets of China, U.S. and Europe. By joining the MAD, Carbures continues to position itself as a leader in innovation, technology and talent.

Carbures is represented by KPMG Advisors, Bankia Exchange and Quantum Communications in connection with its addition to the MAD.

Economic projections

By expanding into the U.S. and China markets, Carbures aims to boost earnings through a projected five-fold increase in sales through 2016. Other projected milestones include:

• Net positive results from 2014

• Turnover increases from 2012 to 2016 by 400%

• Ratio sales / gross margin of 25% from 2013

• Increase in EBITDA 2012-2016 of 1600%

• Positive working capital from 2011

About Carbures

Carbures is an international technology company with headquarters in Spain and the U.S. with a clear vision emerging from the fusion of its predecessors, Easy Industrial Solutions and Atlantica Composites. The company’s highly-qualified technicians and engineers manage and implement R & D in the aeronautics, automotive and civil construction sectors. Carbures designs and develops products, materials, and composites and provides comprehensive related services to meet the demands of industry through a proprietary process technology utilizing carbon fiber to create structures that are lighter, stronger and more durable. In addition, the company manufactures and supplies composite parts for the major European manufacturers Airbus and Airbus Military.

Visit them at www.carbures.com.

For photos, visit http://www.flickr.com/photos/carbures/

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50219201&lang=en