SNH.DE - Steinhoff International Holdings N.V.

XETRA - XETRA Delayed Price. Currency in EUR
0.0628
-0.0006 (-0.95%)
As of 2:37PM CEST. Market open.
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Previous Close0.0634
Open0.0630
Bid0.0628 x 137500
Ask0.0630 x 393700
Day's Range0.0622 - 0.0643
52 Week Range0.0150 - 0.1428
Volume1,684,632
Avg. Volume6,334,881
Market Cap263.992M
Beta (3Y Monthly)-0.33
PE Ratio (TTM)N/A
EPS (TTM)-0.2960
Earnings DateApr 16, 2018 - Apr 20, 2018
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2017-03-16
1y Target Est0.20
  • Steinhoff looks to sell off assets after $7 billion accounting fraud
    Reuters

    Steinhoff looks to sell off assets after $7 billion accounting fraud

    Scandal-hit South African retailer Steinhoff said on Tuesday its only hope for survival is to sell off assets to become a retail-focused investment holding firm, as it fights to contain the fallout of a $7 billion accounting fraud. In its first presentation to investors since then, the retailer's chief executive Louis du Preez said its "only way to survive" was to slim down into a pure investment holding company focused on retail. To achieve that Steinhoff is looking to sell off its non-retail assets and cut jobs at its French retail chain Conforma, its management said during the presentation.

  • Reuters

    Scandal-hit Steinhoff reports $400 million loss in first half

    South African retailer Steinhoff reported a 356 million euros ($401 million) half-year loss from continuing operations on Friday, as the damage from a massive accounting scandal drags on. Steinhoff first flagged holes in its accounts in December 2017 -- the warning shot for an accounting fraud since put at over $7 billion -- shocking investors that had backed its transformation from a small South African outfit to a discount furniture retailer spanning four continents. The owner of Mattress Firm Inc in the United States, Fantastic chains in Australia and Conforama in France said the loss from continuing operations came in at 356 million euros in the six-months ended March compared with a loss of 392 million euros a year earlier.

  • Scandal-hit Steinhoff says will suffer more in 2019
    Reuters

    Scandal-hit Steinhoff says will suffer more in 2019

    Steinhoff International warned of the lingering damage from a massive accounting scandal after the South African retail group reported a 1.2 billion euro ($1.3 billion) annual loss, sending its volatile shares down 8 percent. Steinhoff first flagged holes in its accounts in December 2017 -- the warning shot for an accounting fraud since put at over $7 billion -- shocking investors that had backed its transformation from a small South African outfit to discount furniture retailer straddling four continents. While it reduced losses by 70 percent compared to the 4 billion euro figure in 2017, Steinhoff warned that the reputational damage it had suffered and advisor and professional fees would weigh on its performance this year.

  • Reuters

    South Africa's Steinhoff postpones shareholder hearing over petition

    South African retailer Steinhoff International Holdings N.V. said on Wednesday it had postponed a hearing with shareholders who are petitioning looking for an inquiry into the company before a Dutch court. The company and the group of shareholders agreed to postpone the hearing, which was scheduled to take place on Thursday, to a later date this year, Steinhoff said in a statement. The group of shareholders requested the appointment of an investigator and an additional member of the company's supervisory board to look at the information Steinhoff provides to shareholders and for the inquiry to be ordered by the Enterprise Chamber of the Amsterdam Court of Appeal.

  • Reuters

    S.African listed Steinhoff shares tumble after release of 2017 results

    Johannesburg-listed shares of South African retailer Steinhoff fell almost 20 percent on Thursday after the scandal-hit firm reported a $4 billion operating loss in the 2017 fiscal year in a much-delayed earnings report. Steinhoff, which is also listed in Frankfurt, released the report in the early hours of Wednesday morning when South African markets were closed due to a general election. The firm had delayed the results, which revealed the impact of a $7.4 billion accounting fraud, after finding holes in its accounts, shocking investors who had backed its reinvention from small South African furniture outfit into a discount furniture retailer straddling four continents.

  • Reuters

    Scandal-hit Steinhoff posts $4 billion operating loss for fiscal 2017

    South African retailer Steinhoff on Tuesday reported a $4 billion operating loss in the 2017 fiscal year, in a much-delayed earnings report revealing the impact of a $7.4 billion accounting fraud. Steinhoff, which is also listed in Frankfurt, delayed the results after finding holes in its accounts, shocking investors who had backed its reinvention from small South African furniture outfit into a discount furniture retailer straddling four continents. The owner of Mattress Firm Inc in the United States, the Fantastic chains in Australia and Conforama in France said operating loss came in at 3.7 billion euros ($4.14 billion) in the year ended September 2017 compared with profit of 278 million euros in the restated 2016 figures.

  • Reuters

    Scandal-hit Steinhoff posts $4 bln operating loss for fiscal 2017

    South African retailer Steinhoff on Tuesday reported a $4 billion operating loss in the 2017 fiscal year, in a much-delayed earnings report revealing the impact of a $7.4 billion accounting fraud. Steinhoff, which is also listed in Frankfurt, delayed the results after finding holes in its accounts, shocking investors who had backed its reinvention from small South African furniture outfit into a discount furniture retailer straddling four continents. The owner of Mattress Firm Inc in the United States, the Fantastic chains in Australia and Conforama in France said operating loss came in at 3.7 billion euros ($4.14 billion) in the year ended September 2017 compared with profit of 278 million euros in the restated 2016 figures.

  • Reuters

    UPDATE 1-Steinhoff to place up to 694 mln shares in KAP Industrial

    Troubled South African retailer Steinhoff said on Tuesday it would place up to 694 million shares in KAP Industrial via an accelerated bookbuilding to raise cash to repay debt and shore up its finances. The placement, which will be offered to institutional investors only, will result in Steinhoff, which has a 26 percent stake in KAP, no longer holding an interest in the diversified industrial group. Steinhoff in December 2017 admitted accounting irregularities, wiping about 85 percent off its market value and throwing it into a liquidity crisis.

  • Reuters

    Suspended Steinhoff CFO helps authorities with fraud investigation

    The suspended former chief financial officer of Steinhoff is helping authorities with investigations into $7 billion-plus (5.3 billion pounds) accounting fraud at the South African retailer, he said on Thursday. Ben la Grange is one of eight individuals named in an investigation of what an independent report by auditor PwC said was a complex scheme in which intercompany deals worth 6.4 billion euros (5.5 billion pounds) were wrongly recorded as external income to prop up profits and hide costs in underperforming subsidiaries. "I am cooperating with all government agencies," said La Grange, who was suspended last August but remains on the Steinhoff payroll as a consultant.

  • Reuters

    Former Steinhoff chairman Wiese open to talks over $4 billion claim

    Former Steinhoff chairman and top shareholder Christo Wiese said on Monday he is open to negotiations over a $4 billion claim against the South African retailer, days after it revealed the scale of a devastating accounting fraud. Steinhoff said on Friday that an independent report had found it overstated profits -- which were signed off by Deloitte -- over several years in a $7.4 billion fraud involving a small group of top executives and outsiders. It did not name the individuals but said those implicated were no longer employed by Steinhoff, which first disclosed the hole in its accounts in December 2017, knocking 90 percent off the value of its shares and triggering investor lawsuits.

  • PwC investigation finds $7.4 billion accounting fraud at Steinhoff, company says
    Reuters

    PwC investigation finds $7.4 billion accounting fraud at Steinhoff, company says

    South African retailer Steinhoff said an independent report had found it had overstated profits over several years in a $7.4 billion (5.6 billion pounds) accounting fraud involving a small group of top executives and outsiders. Steinhoff first disclosed the hole in its accounts in December 2017, shocking investors who had backed its reinvention from a small South African outfit to a multinational retailer at the vanguard of the European discount furniture retail industry. In the country's biggest corporate scandal, an investigation carried out by PwC found the firm recorded fictitious or irregular transactions totalling 6.5 billion euros (5.6 billion pounds) over a period covering the 2009 and 2017 financial years, according to a summary of the findings posted on the Steinhoff company website.

  • Reuters

    Steinhoff says firm linked to former partner claims it is owed $330 million

    South African retailer International Holdings N.V. (SNHJ.J) said on Tuesday a former partner firm of its European operations claims it is owed about 291 million euros (£256.62 million or $331 million) by the company. Steinhoff is in the middle of a clean-up of its balance sheet after discovering multi-billion euro holes in its balance sheet more than a year ago. LWS GmbH, a company linked to Austrian businessman Andreas Seifert, claims to be a creditor of Steinhoff Europe AG (SEAG), the parent company said.