DGAP-Ad-hoc: Steinhoff International Holdings N.V. / Key word(s):
Miscellaneous
Steinhoff International Holdings N.V.: Restatement of consolidated
financial statements
13-Dec-2017 / 21:32 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by
DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
*Steinhoff - Restatement of consolidated financial statements *
Steinhoff International Holdings N.V. (the "Company")
The Company is providing the following update further to its announcement
dated 5 December 2017 and its ongoing investigations into past financial
years. This update is made on the basis of the information that has been
made available and analysed to date. The Company, on the advice of the
independent committee of the Supervisory Board, has today formed the view
that issues concerning the validity and recoverability of certain Steinhoff
Europe balance sheet assets under scrutiny in the 2017 audit work, are also
relevant to the 2016 consolidated financial statements. Therefore, the
Company announces that, based on section 2:362 (6) of the Dutch Civil Code,
the 2016 consolidated financial statements will need to be restated and can
no longer be relied upon.
The Company, on the advice of the independent committee of the Supervisory
Board, together with their advisers, is taking all necessary steps to
address the audit issues and will keep the market informed of any material
developments.
Shareholders and other investors in Steinhoff are advised to exercise
caution when dealing in the securities of the Group.
13-Dec-2017 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: Steinhoff International Holdings N.V.
Herengracht 466
1017 CA Amsterdam
Netherlands
Phone: +27218080700
Fax: +27218080800
E-mail: investors@steinhoffinternational.com
Internet: www.steinhoffinternational.com
ISIN: NL0011375019
WKN: A14XB9
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich,
Stuttgart, Tradegate Exchange
End of Announcement DGAP News Service
638843 13-Dec-2017 CET/CEST
(END) Dow Jones Newswires
December 13, 2017 15:32 ET (20:32 GMT)
