Satisfied shareholders at the R. STAHL Annual General Meeting:
(Thomson Reuters ONE) -
R. STAHL AG /
Satisfied shareholders at the R. STAHL Annual General Meeting:
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The issuer is solely responsible for the content of this announcement.
A dividend of 70 cents per share will be distributed - Activities of the
Executive Board and the Supervisory Board were given formal approval with a
large majority - Waltraud Hertreiter newly appointed to the Supervisory Board -
Conversion of bearer shares to registered shares decided - Optimistic look to
the future
Waldenburg, 25 May 2012 - "Looking back on 2011, R. STAHL can be satisfied with
many developments", CEO Martin Schomaker explained the business development in
the past year at today's Annual General Meeting. At ? 259.4 million, order
intake exceeded last year's figure by 14.9%. Compared to the previous year,
sales increased by 9.1% to ? 242.9 million. A number of one-off expenses was the
reason why this could not be felt to the same extent in earnings - at ? 13.1
million, EBT was ? 2.3 million below last year's figure.
Broad approval to all agenda items
Despite the result, that has been burdened by one-off expenses, operational
growth shows that the expert in explosion protection, based in Waldenburg, is on
a very good path. Consequently, the shareholders decided on a dividend of 70
cents per share entitled to dividend, as in the previous year. So the company
adheres to its continuous dividend policy and gives a sign of continuity and
stability.
At the harmonious Annual General Meeting, the other suggestions of the
management found broad approval as well. The activities of the Executive Board
and of the Supervisory Board have been approved with a large majority and
company Ebner Stolz Mönning Bachem GmbH & Co. KG, Stuttgart, has again been
appointed as auditor.
New member of the Supervisory Board
The shareholder meeting elected Mrs Waltraud Hertreiter to the Supervisory
Board, as successor of Mr Eberhard Knoblauch. Mrs Hertreiter works as free-lance
management consultant, accompanies textile group Hof AG as chairwoman of the
supervisory board, is chairwoman of the advisory committee of Südbayerische
Portand-Zementwerk Gebr. Wiesböck & Co GmbH as well as member of the
Regionalbeirat Süd (regional advisory committee south) of Commerzbank AG.
Conversion of bearer shares to registered shares
Furthermore, the meeting decided that the shares of R. STAHL AG are to be listed
as registered shares. This enables the company to communicate even better and
more directly with the shareholders in future. Furthermore, the request of many
shareholders for an easier handling of the registration process and power of
proxy for the Annual General Meeting will be complied with.
Positive business development expected for 2012
R. STAHL started well into 2012 and already won several major projects during
the first quarter. This success confirms that the company is on the right track.
"We acquired an excellent market position and we have a very good position in
regard to finance and strategy" Schomaker is confident at the Annual General
Meeting. The major customer industries still develop positively - consequently,
a sound development of orders and sales may be expected. Predominance in system
business of the Waldenburg-based expert in explosion protection, the
acquisitions that have been made in the past and strengthened sales structures
in the major markets, as well as the innovation process will make important
contributions to growth in future as well. Moreover, the group plans further
investments. Especially in India, activities will be gradually pushed. From
today's point of view, the Executive Board expects sales between ? 250 million
and ? 255 million in 2012.
R. STAHL also aspires an increase of EBT and expects a figure between ? 14
million and ? 16 million.
Detailed documents regarding the Annual General Meeting can be found at
www.stahl.de.
If you have any questions please contact:
R. STAHL AG
Communications / Investor Relations
Kerstin Wolf
Am Bahnhof 30, 74638 Waldenburg (Württ.)
Phone: 07942.943-4300, Fax: 07942.943-40 4300
e-mail: kerstin.wolf(at)stahl.de
This announcement is distributed by Thomson Reuters on behalf of
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originality of the information contained therein.
Source: R. STAHL AG via Thomson Reuters ONE
[HUG#1615141]
Unternehmensinformation / Kurzprofil:
Datum: 25.05.2012 - 16:16 Uhr
Sprache: Deutsch
News-ID 150294
Anzahl Zeichen: 5145
contact information:
Town:
Waldenburg
Kategorie:
Business News
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