Enersys plans USD200m float to counter slump

News Story
- 15 Jul 2004 ( #166 ) - READING, PA, United States
1 min read
Forklift and industrial battery manufacturer Enersys has responded to a sharp drop in earnings by filing with the Securities & Exchange Commission (SEC) for a float that could net more than USD200 million.
Reuters reported Enersys, with 24% of the total global lead-acid industrial battery market, filed its prospectus on July 6, indicating it planned to sell 12.5 million shares for between USD15-USD17 each.
The company's most recent results showed it lost USD19.9 million on revenue of USD969.1 million for fiscal 2003-2004, ending March 31, after earning USD5.5 million on revenue of USD859.6 million in 2002-2003.
Enersys, which claims a 30% market share in the USA and Europe, and a 5% share in Asia, has applied for a New York Stock Exchange listing under the trading symbol "ENS".
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Even the heaviest lifts must be easy to handle. That’s why N.C. Nielsen raises the bar in lifting capacity, maneuverability, operator comfort, flexibility and technical capabilities.
Heavy duty reach stackers – lifting capacity from 85 to 180 tons.
VIEW ALL OUR CUSTOM-BUILT HEAVY DUTY REACH STACKERS

Contact us now: +45 99 83 83 83 - www.nc-nielsen.com

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

Even the heaviest lifts must be easy to handle. That’s why N.C. Nielsen raises the bar in lifting capacity, maneuverability, operator comfort, flexibility and technical capabilities.
Heavy duty reach stackers – lifting capacity from 85 to 180 tons.
VIEW ALL OUR CUSTOM-BUILT HEAVY DUTY REACH STACKERS

Contact us now: +45 99 83 83 83 - www.nc-nielsen.com