Aankondiging • Apr 18
Orascom Development Holding AG, Annual General Meeting, May 08, 2025 Orascom Development Holding AG, Annual General Meeting, May 08, 2025, at 15:00 W. Europe Standard Time. Aankondiging • Feb 27
LPSO Foundation Company completed the acquisition of remaining 19.7% stake in Orascom Development Holding AG (SWX:ODHN) for CHF 65.9 million. LPSO Foundation Company proposed to launch a tender offer to acquire remaining 22.13% stake in Orascom Development Holding AG (SWX:ODHN) for CHF 74.1 million on December 17, 2024. LPSO will acquire 13.2 million shares at a price of CHF 5.6 per share. LPSO will finance the Offer with funds provided by the Major Shareholder Group. The tender offer is expected to commence on January 9, 2025 and to end on February 5, 2025, 4:00 p.m. Central European Time (CET) (subject to any extension). After the expiration, if the Offer is declared successful, there will be an additional acceptance period of ten (10) Trading Days for the subsequent acceptance of the Offer (the "Additional Acceptance Period"). The Additional Acceptance Period is expected to begin on February 12, 2025 and to end on February 25, 2025, 4.00 p.m. Central European Time (CET) and intends to launch a Squeeze out and to delist the Orascom Shares from SIX following the Settlement. The board of directors of Orascom Development Holding AG has unanimously approved the transaction and has abstained from making a recommendation to the shareholders regarding the acceptance or rejection of the Offer. The transaction is expected to close on February 5, 2025.
UBS Group AG acted as financial advisor to LPSO Foundation Company. IFBC AG acted as fairness opinion provider to Orascom Development Holding AG. Marcel Jans and Klaus Krohmann of BDO Ltd acted as accountant to Orascom Development Holding AG. Tino Gaberthüel and Simone Ehrsam of Lenz & Staehelin acted as legal advisor to Orascom Development Holding AG.
LPSO Foundation Company completed the acquisition of remaining 19.7% stake in Orascom Development Holding AG (SWX:ODHN) for CHF 65.9 million on February 25, 2025. The settlement of the offer is expected to occur on March 11, 2025. Aankondiging • Feb 26
Shares of Orascom to Delist from the Exchange After Completion of Transaction LPSO Holding Ltd, an entity controlled by the Sawiris family, has secured a shareholding of 97.52% in Switzerland-based real estate and hospitality company Orascom Development Holding as of the end of an additional offer period. According to provisional results, LPSO now holds 58.3 million shares, or 97.52% of the capital, subject to completion of the offer. The settlement is expected to occur on March 11, 2025. After that, LPSO intends to delist Orascom. Board Change • Jan 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Lead Director Jurgen Fischer was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Dec 19
LPSO Foundation Company proposed to launch a tender offer to acquire remaining 22.13% stake in Orascom Development Holding AG (SWX:ODHN) for CHF 74.1 million. LPSO Foundation Company proposed to launch a tender offer to acquire remaining 22.13% stake in Orascom Development Holding AG (SWX:ODHN) for CHF 74.1 million on December 17, 2024. LPSO will acquire 13.2 million shares at a price of CHF 5.6 per share. LPSO will finance the Offer with funds provided by the Major Shareholder Group. The tender offer is expected to commence on January 9, 2025 and to end on February 5, 2025, 4:00 p.m. Central European Time (CET) (subject to any extension). After the expiration, if the Offer is declared successful, there will be an additional acceptance period of ten (10) Trading Days for the subsequent acceptance of the Offer (the "Additional Acceptance Period"). The Additional Acceptance Period is expected to begin on February 12, 2025 and to end on February 25, 2025, 4.00 p.m. Central European Time (CET) and intends to launch a Squeeze out and to delist the Orascom Shares from SIX following the Settlement. The board of directors of Orascom Development Holding AG has unanimously approved the transaction and has abstained from making a recommendation to the shareholders regarding the acceptance or rejection of the Offer. The transaction is expected to close on February 5, 2025.
UBS Group AG acted as financial advisor to LPSO Foundation Company. IFBC AG acted as fairness opinion provider to Orascom Development Holding AG. Marcel Jans and Klaus Krohmann of BDO Ltd acted as accountant to Orascom Development Holding AG. Tino Gaberthüel and Simone Ehrsam of Lenz & Staehelin acted as legal advisor to Orascom Development Holding AG. Board Change • Dec 18
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Lead Director Jurgen Fischer was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jun 06
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Lead Director Jurgen Fischer was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Apr 23
Orascom Development Holding AG, Annual General Meeting, May 13, 2024 Orascom Development Holding AG, Annual General Meeting, May 13, 2024, at 15:00 Central European Standard Time. Agenda: To consider Approval of the Annual Report, the Annual Financial Statements and the Consolidated Financial Statements; to consider allocation of annual result; to consider consultative vote on the 2023 Compensation Report; to consider granting of discharge to the members of the Board of Directors and the Executive Management; to consider approval of the compensation of the Board of Directors and the Executive Management; to consider re-election of directors; to consider re-election of the auditors; and to consider other matters. Board Change • Mar 20
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Lead Director Jurgen Fischer was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Mar 12
Orascom Development Holding AG to Report Fiscal Year 2023 Results on Mar 26, 2024 Orascom Development Holding AG announced that they will report fiscal year 2023 results at 7:00 AM, Central European Standard Time on Mar 26, 2024 Reported Earnings • Nov 19
Third quarter 2023 earnings released: EPS: CHF0.03 (vs CHF0.043 in 3Q 2022) Third quarter 2023 results: EPS: CHF0.03. Revenue: CHF156.9m (down 17% from 3Q 2022). Net income: CHF1.80m (up 3.7% from 3Q 2022). Profit margin: 1.1% (up from 0.9% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Hospitality industry in the United Kingdom. Aankondiging • Nov 08
Orascom Development Holding AG to Report Nine Months, 2023 Results on Nov 16, 2023 Orascom Development Holding AG announced that they will report nine months, 2023 results on Nov 16, 2023 New Risk • Oct 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Shareholders have been diluted in the past year (48% increase in shares outstanding). Reported Earnings • Aug 18
Second quarter 2023 earnings released: EPS: CHF0.07 (vs CHF0.031 in 2Q 2022) Second quarter 2023 results: EPS: CHF0.07 (up from CHF0.031 in 2Q 2022). Revenue: CHF135.0m (up 5.0% from 2Q 2022). Net income: CHF3.60m (up 183% from 2Q 2022). Profit margin: 2.7% (up from 1.0% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Aankondiging • Aug 08
Orascom Development Holding AG to Report First Half, 2023 Results on Aug 17, 2023 Orascom Development Holding AG announced that they will report first half, 2023 results on Aug 17, 2023 Aankondiging • May 17
Orascom Development Holding AG to Report Q1, 2023 Results on May 17, 2023 Orascom Development Holding AG announced that they will report Q1, 2023 results on May 17, 2023 Aankondiging • Feb 01
Orascom Development Holding AG Appoints Wael Al Lawati as the New Chief Executive Officer of Muriya Orascom Development Holding AG announced the appointment of Wael Al Lawati as the New Chief Executive Officer of Muriya, including the awarding-winning communities of Jebel Sifah and Hawana Salalah. In support of Orascom Development's ambition to be a pre-eminent, multi-national developer, Al Lawati will be responsible for setting the business agenda for the Group's Oman destinations, including leading the overall strategy in alignment with Orascom Development's strategy, facilitating delivery against the annual business plans and instilling best practices throughout these destinations. In addition, he will be an integral member of Orascom Development's Executive Committee, reporting directly to the Group CEO, Omar El Hamamsy. Al Lawati brings a wealth of experience and proven track record of delivering results in tourism, real estate and other sectors. As a seasoned Omani National, he has held several other leadership positions including CEO of Oman Tourism Development Company (OMRAN) and founder of The Wave Muscat (AlMouj), where he successfully led Oman's first integrated tourism and real estate development. More recently, he served as COO for a real estate advisory and spearheaded international growth at DAMAC Properties. Additionally, Al Lawati was a board member of Muriya between 2008 and 2015. Al Lawati was selected as a member of the Young Arab Leaders and was a board member of the Middle East Leadership Academy (MELA). He previously served on the boards of the Oman Society of Engineers and the Oman Society of Contractors. His engineering background coupled with Real Estate Certification from Cornell University and Executive Education at Harvard Business School, IMD and INSEAD provide him with a well-rounded profile and track record. Reported Earnings • Nov 18
Third quarter 2022 earnings released: EPS: CHF0.04 (vs CHF0.024 loss in 3Q 2021) Third quarter 2022 results: EPS: CHF0.04 (up from CHF0.024 loss in 3Q 2021). Revenue: CHF188.9m (up 30% from 3Q 2021). Net income: CHF1.74m (up CHF2.71m from 3Q 2021). Profit margin: 0.9% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Maria Rioumine was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 05
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Maria Rioumine was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CHF7.32, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 18x in the Hospitality industry in the United Kingdom. Total loss to shareholders of 54% over the past three years. Reported Earnings • May 19
First quarter 2022 earnings released: EPS: CHF0.25 (vs CHF0.065 loss in 1Q 2021) First quarter 2022 results: EPS: CHF0.25 (up from CHF0.065 loss in 1Q 2021). Revenue: CHF141.9m (up 33% from 1Q 2021). Net income: CHF10.0m (up CHF12.7m from 1Q 2021). Profit margin: 7.1% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 29%, compared to a 29% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 8 non-independent directors. Independent Lead Director Jurg Weber was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 02
Full year 2021 earnings released: CHF0.14 loss per share (vs CHF0.84 loss in FY 2020) Full year 2021 results: CHF0.14 loss per share (up from CHF0.84 loss in FY 2020). Revenue: CHF538.5m (up 40% from FY 2020). Net loss: CHF5.68m (loss narrowed 83% from FY 2020). Over the next year, revenue is forecast to grow 34%, compared to a 39% growth forecast for the restaurants industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Breakeven Date Change • Dec 30
Forecast to breakeven in 2022 The 2 analysts covering Orascom Development Holding expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of CHF42.5m in 2022. Average annual earnings growth of 107% is required to achieve expected profit on schedule. Board Change • Dec 30
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 8 non-independent directors. Independent Lead Director Jürg Weber was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 19
Third quarter 2021 earnings released: CHF0.024 loss per share (vs CHF0.21 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: CHF145.9m (up 51% from 3Q 2020). Net loss: CHF974.4k (loss narrowed 88% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 8 non-independent directors. Director Barbara Heller was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 17
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 8 non-independent directors. Director Barbara Heller was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 01
First quarter 2021 earnings released: CHF0.065 loss per share (vs CHF0.12 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: CHF106.5m (up 15% from 1Q 2020). Net loss: CHF2.61m (loss narrowed 47% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Executive Departure • May 14
Non-Executive Director has left the company On the 6th of May, Adil Douiri's tenure in the role of Non-Executive Director ended. As of December 2020, Adil personally held 57.87k shares (CHF562k worth at the time). A total of 3 executives have left over the last 12 months. Executive Departure • May 14
Non-Executive Director has left the company On the 6th of May, Marco Sieber's tenure as Non-Executive Director ended after 8.0 years in the role. As of December 2020, Marco personally held 96.29k shares (CHF935k worth at the time). A total of 3 executives have left over the last 12 months. 
