Report

QuickView: IPO placing underpins strong growth

Prior to Snowbird's IPO in September 2014, management invested in capacity to meet rising demand for down and down products in China and enable greater penetration of export markets. The IPO placing funds help finance the working capital required to take full advantage of this greatly increased capacity and thus drive growth.
Underlying
Snowbird AG

Snowbird AG is a Germany-based company engaged in the textiles industry. The Company produces, processes and sales down and down products. Its business activities are divided into four segments: down, including processing of white and grey goose feathers by washing, sterilizing, and grading raw feathers, among others; down clothing, comprising the production of jackets and coats; down bedding, entailing duvet and pillows production; and non-down OEM clothing, containing manufacturing of down clothing for Original Equipment Manufacturers (OEMs) under their private labels, among others. The Company has three wholly owned subsidiaries in China including one production facility located in Puyang City, Henan Province.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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