-- Trading under the ticker symbol "AEBI", following completion of the 
 
      merger with The Shyft Group, with a strong balance sheet 
 
 
 
   -- Focused on post-merger execution, well on track to deliver the targeted 
 
      synergies, despite the dynamic operating environment, including the 
 
      impact of tariffs 
 
 
 
   -- Announced second quarter 2025 earnings call date of August 14, 2025 
 
 
 
   CH-Frauenfeld, Switzerland, July 14, 2025 /PRNewswire/ -- Aebi Schmidt 
Group $(AEBI)$ a world-class specialty vehicles leader, positioned 
to accelerate growth and drive exceptional value announced highlights of 
its recent combination with The Shyft Group along with its upcoming 
second quarter earnings conference call. 
 
 
   Trading Highlights 
 
 
   -- Aebi Schmidt announced the successful completion of the previously 
 
      announced merger with The Shyft Group on July 1, 2025. 
 
 
 
   -- The Shyft Group's last trading day was Monday, June 30, 2025, and closed 
 
      with a share price of $12.54. 
 
 
 
   -- The share exchange ratio under the merger was approximately 1.04, with an 
 
      implied share price for Aebi Schmidt of $12.06. 
 
 
 
   -- Aebi Schmidt's first day of regular way trading was Wednesday, July 2, 
 
      2025, and closed with a share price of $11.18. 
 
 
 
   -- Aebi Schmidt closed trading on Friday, July 11, 2025, at $11.07 following 
 
      the first several days of regular way trading under the ticker symbol 
 
      "AEBI". 
 
 
   Financial Reporting Highlights 
 
 
   Aebi Schmidt's CEO, Barend Fruithof, commented, "We are excited by the 
exceptional prospects for the future combined Company by delivering 
growth by driving commercial excellence. The team is well on track to 
deliver the targeted synergies of $25 to $30 million and strong 
operating results despite the dynamic operating environment, including 
the impact of tariffs. The leadership team is laser focused on executing 
to deliver on its commitments." 
 
 
   -- The Company will report financial results under two segments with the 
 
      following leadership: 
 
 
 
          -- North America led by Steffen Schewerda 
 
 
 
          -- Europe and Rest of World led by Henning Schrà   der 
 
 
 
   -- The independent, strong production footprints in both North America and 
 
      Europe, servicing their respective markets, provide Aebi Schmidt with 
 
      resiliency against potential trade barriers. 
 
 
 
   -- On an unaudited, proforma basis, the Company's net debt as of June 30, 
 
      2025, was $503 million; Aebi Schmidt expects to maintain a prudent and 
 
      flexible capital structure with deleveraging targeted over the next 12 to 
 
      18 months. 
 
 
 
   -- Fully diluted share count of 78.2 million with strong anchor 
 
      shareholders. 
 
 
 
   -- The combined company has a strong balance sheet with an equity of well 
 
      over $700 million, representing an equity ratio of approximately 40% as 
 
      of the closing of the merger. 
 
 
   Second Quarter 2025 Financial Results Conference Call Date and Time 
 
 
   The Company will host its second quarter 2025 earnings conference call 
on Thursday, August 14, 2025, at 8:30 A.M. Eastern Time. 
 
 
   -- Participants can access the webcast and conference call 
 
      at https://www.aebi-schmidt.com/investors 
 
 
 
   -- Barend Fruithof, Group Chief Executive Officer, and Marco Portmann, Group 
 
      Chief Financial Officer, will lead the call. 
 
 
 
 
Further information 
 
 
 
 
 
 https://www.aebi-schmidt.com 
 
 https://www.youtube.com/user/AebiSchmidtGroup 
 
 https://media.aebi-schmidt.com (pictures, logos) 
 
 
 
 Investor Contact 
 
 
 
 investor.relations@aebi-schmidt.com 
 
 
 
   About Aebi Schmidt Group 
 
 
   Aebi Schmidt Group is a world-class specialty vehicles leader, 
positioned to accelerate growth and drive exceptional value. The Group 
with its headquarters in Switzerland and listed on the Nasdaq has 
generated proforma net sales of $1.9 billion in 2024 and employs over 
6,000 people, after merging with The Shyft Group on July 1, 2025. Our 
production facilities and service and upfit centers are in Europe and 
North America, using state-of-the-art technology and continuously 
improved processes. 
 
 
   Forward-Looking Statement 
 
 
   This release contains information, including our sales and earnings 
guidance, all other information provided with respect to our outlook for 
2025 and future periods, and other statements concerning our business, 
strategic position, financial projections, financial strength, future 
plans, objectives, and the performance of our products and operations 
that may constitute "forward-looking statements" within the meaning of 
Section 27A of the Securities Act of 1933, as amended, and Section 21E 
of the Securities Exchange Act of 1934, as amended. We intend the 
forward-looking statements to be covered by the safe harbor provisions 
for forward-looking statements in those sections. Generally, we have 
identified such forward-looking statements by using words such as 
"believe," "expect," "intend," "potential," "future," "may," "will," 
"should," and similar expressions or by using future dates in connection 
with any discussion of, among other things, the construction or 
operation of new or existing facilities, operating performance, trends, 
events or developments that we expect or anticipate will occur in the 
future, statements relating to volume changes, share of sales and 
earnings per share changes, anticipated cost savings, potential capital 
and operational cash improvements, changes in supply and demand 
conditions and prices for our products, trade duties and other aspects 
of trade policy, statements regarding our future strategies, products 
and innovations, and statements expressing general views about future 
operating results. However, the absence of these words or similar 
expressions does not mean that a statement is not forward-looking. 
Forward-looking statements are not historical facts, but instead 
represent only Aebi Schmidt's beliefs regarding future events, many of 
which, by their nature, are inherently uncertain and outside of Aebi 
Schmidt's control. It is possible that Aebi Schmidt's actual results and 
financial condition may differ, possibly materially, from the 
anticipated results and financial condition indicated in these 
forward-looking statements. Management believes that these 
forward-looking statements are reasonable as of the time made. However, 
caution should be taken not to place undue reliance on any such 
forward-looking statements because such statements speak only as of the 
date when made. We undertake no obligation to publicly update or revise 
any forward-looking statements, whether as a result of new information, 
future events or otherwise, except as required by law. In addition, 
forward-looking statements are subject to certain risks and 
uncertainties that could cause actual results to differ materially from 
Aebi Schmidt's historical experience and our present expectations or 
projections. In addition, forward-looking statements are subject to 
certain risks and uncertainties that could cause actual results to 
differ materially from Aebi Schmidt's historical experience and our 
present expectations or projections. More information about factors that 
potentially could affect our financial results is included in our 
filings with the SEC, which are available at www.sec.gov or our website. 
All forward-looking statements in this release are qualified by this 
paragraph. Investors should not place undue reliance on forward-looking 
statements as a prediction of actual results. We undertake no obligation 
to publicly update or revise any forward-looking statements in this 
release, whether as a result of new information, future events, or 
otherwise 
 
 
   No offer or solicitation 
 
 
   This communication is for informational purposes only and is not 
intended to and shall not constitute an offer to buy or sell, or the 
solicitation of an offer to buy or sell, any securities, or a 
solicitation of any vote or approval, nor shall there be any offer, 
solicitation or sale of securities in any jurisdiction in which such 
offer, solicitation or sale would be unlawful prior to registration or 
qualification under the securities laws of any such jurisdiction. No 
offer of securities shall be made in the United States absent 
registration under the U.S. Securities Act of 1933, as amended 
("Securities Act"), or pursuant to an exemption from, or in a 
transaction not subject to, such registration requirements. 
 
 
   Additional information and where to find it 
 
 
   Aebi Schmidt filed a registration statement on Form S-4 with the SEC in 
connection with its business combination with The Shyft Group, Inc. 
("Shyft"). The Form S-4 contains a combined proxy statement/prospectus 
of Aebi Schmidt and Shyft. Aebi Schmidt and Shyft prepared and filed the 
combined proxy statement/prospectus with the SEC. This communication is 
not a substitute for any registration statement, proxy 
statement/prospectus or other documents that may be filed with the SEC 
in connection with the transaction. INVESTORS SHOULD READ THE COMBINED 
PROXY STATEMENT/PROSPECTUS AND SUCH OTHER DOCUMENTS FILED OR WITH THE 
SEC CAREFULLY AND IN THEIR ENTIRETY, AS WELL AS ANY AMENDMENTS OR 
SUPPLEMENTS TO THE COMBINED PROXY STATEMENT/PROSPECTUS AND SUCH 
DOCUMENTS, BEFORE THEY MAKE ANY DECISION WITH RESPECT TO THE PROPOSED 
TRANSACTION, BECAUSE THEY CONTAIN IMPORTANT INFORMATION. The Form S-4, 
the combined proxy statement/prospectus and all other documents filed 
with the SEC in connection with the transaction are available when filed 
free of charge on the SEC's web site at www.sec.gov. 
 
 
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   SOURCE Aebi Schmidt Group 
 
 
 
 
 
 

(END) Dow Jones Newswires

July 14, 2025 09:16 ET (13:16 GMT)