2019 Investor News

← Return to Results, News & Presentations

Selecta Group Q4 FY19 results

27th November 2019: Please find below Selecta Group’s Q4 FY19 press release, available to download.

Change of Accounting Year End

19 November 2019: Selecta, Europe’s leading route-based unattended self-service retailer, announces that it will be changing its accounting reference date and financial year end from 30 September to 31 December. 

The full press release is available to download below:

Selecta Group announces pricing of €150 million of senior secured notes

16th October 2019: Selecta Group today announced that it has successfully priced its previously announced offering of €150,000,000 aggregate principal amount of senior secured notes.

The full press release is available to download below:

S&P Global Ratings Bulletin on Bond Tap Transaction

15th October 2019: S&P note that the tap transaction is unlikely to meaningfully impact free operating cash flow generation. S&P expect margins to improve over the next two years due to a decline in restructuring costs, alongside a fall in capital expenditure. Please find a link to the full S&P note here.

Moody’s Issuer Comment on Selecta Group

Selecta Group's liquidity improved by tap transaction


15th October 2019: Selecta Group BV (“Selecta” or “the group”, B3, stable), the leading route based unattended self-service coffee and convenience food provider in Europe by revenue, has announced its intention to complete a €150 million tap on its existing €1,090 million Euro Senior Secured Notes.

The proceeds of the tap issuance are going to be used to repay drawings under the group's €150 million revolving credit facility, and increase liquidity available to the group. The tap is fungible with the existing Notes.

We expect that Selecta's leverage, as measured by Moody's-adjusted debt/EBITDA will increase as a result of the transaction to 5.3x, based on the last 12 months ended 30 June 2019, up from 5.1x as at fiscal year 2018, ended 30 September 2018.

On balance the transaction is credit neutral as we expect that the group will use some of the cash proceeds for future growth opportunities, and that leverage will reduce towards 5x in the next 18-24 months driven by solid revenue growth and EBITDA margin improvements as the group completes the synergies initiatives currently ongoing. As a result the group’s B3 corporate family rating, B3-PD probability of default rating, B3 instruments ratings and stable outlook are all unaffected by the increase in debt.

Year to date results ended 30 June 2019 continue to show solid revenue growth and EBITDA growth on an adjusted basis as the realisation of the group's synergies initiatives continues. The group continues to face sizeable capital investments requirements, which together with bolt-on M&A transactions had resulted in limited liquidity available to the group prior to this transaction.

https://www.moodys.com/credit-ratings/Selecta-Group-BV-credit-rating-823880527

Selecta Group announces launch of an offer of €150 million of senior secured notes

15th October 2019: Selecta Group today announced the launch of an offering of €150,000,000 aggregate principal amount of senior secured notes. 

The full press release is available to download below:

Selecta Group Q3 FY19 results

27th August 2019: Please find below Selecta Group’s Q3 FY19 press release, available to download. 

S&P Revises Outlook on Selecta to Stable from Negative

8th July 2019: On 8 July 2019, ratings agency S&P Global published an updated report on Selecta Group and revised its outlook rating on the business to Stable from Negative. Please S&P’s press release which can also be accessed at this link  

Selecta Group Q2 FY19 results

23rd May 2019: Please find below Selecta Group’s Q2 FY19 press release, available to download. 

Selecta Group Q1 FY19 results

28th February 2019: Please find below Selecta Group’s Q1 FY19 press release, available to download. 

Selecta appoints Non-Executive Director

31st January 2019: Selecta, the leading unattended self-service coffee and convenience food provider in Europe, is pleased to announce the appointment of Andy Ransom as Non-Executive Director and Senior Independent Director to the company’s Board with effect from 1 February 2019.

Download the full press release below: