DGAP-News: Annual general meeting of HOMAG Group AG
(firmenpresse) - DGAP-News: Homag Group AG / Key word(s): AGM/EGM
Annual general meeting of HOMAG Group AG
24.05.2012 / 22:53
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Annual general meeting of HOMAG Group AG
Management board reports on successful operations in fiscal year 2011
Freudenstadt/Schopfloch, May 24, 2012. A total of around 347 shareholders
took part in today's annual general meeting of HOMAG Group AG in
Freudenstadt - representing 82 percent of the capital stock. The
shareholders present seconded the proposal of the management board and
supervisory board not to pay out a dividend for the fiscal year 2011 owing
to the net loss incurred. The management's proposal as regards the election
of the auditor for 2012 was also seconded. The management board and the
supervisory board were exonerated.
By contrast, the shareholders present did not approve the point on the
agenda to create new authorized capital. 'The creation of new authorized
capital was intended to provide us utmost flexibility for the coming five
years. With this move, we wanted to maneuver into a position that would
allow us to respond swiftly to emerging opportunities to invest in further
growth. We will now have to request the annual general meeting to approve
any concrete capital measures as the occasion arises,' said CEO Dr. Markus
Flik. The remuneration system for the management board was not approved by
the annual general meeting either.
In his speech, Dr. Flik looked back on fiscal 2011, a year in which the
HOMAG Group produced a good operating result and initiated numerous
measures for a successful future. In addition, he reported on the results
of the first quarter of 2012, in which the Group was able to make
considerable gains on the prior year, particularly as regards earnings
indicators, and double its net profit for the period. Dr. Flik also
reiterated the forecasts for the current fiscal year 2012. The management
board still expects to return to net profit this year.
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Background information
With its 17 specialized production companies, 21 group sales and service
companies and approximately 60 exclusive sales partners worldwide, HOMAG
Group AG's position as a complete system supplier is unique. Backed by a
workforce of some 5,100 employees worldwide, the company sees itself as the
leading global manufacturer of plant and machinery for the woodworking and
wood materials processing industry and cabinet makers active in the
production of furniture and construction elements as well as timber frame
houses. The group also offers its customers a wide range of services,
including software and consulting services. HOMAG Group AG's shares have
been listed on the Prime Standard of the Frankfurt stock exchange since
July 13, 2007.
Disclaimer
This press release contains certain statements relating to the future.
Future-oriented statements are all those statements that do not pertain to
historical facts and events or expressions pertaining to the future such as
'believes', 'estimates', 'assumes', 'forecasts', 'intend', 'may', 'will',
'should' or similar expressions. Such future-oriented statements are
subject to risks and uncertainty since they relate to future events and are
based on current assumptions of the Company, which may not occur in the
future or may not occur in the anticipated form. The Company points out
that such future-oriented statements do not guarantee the future; actual
results including the financial position and the profitability of the HOMAG
Group as well as the development of economic and regulatory framework
conditions may deviate significantly (and prove unfavorable) from what is
expressly or implicitly assumed or described in these statements. Even if
the actual results of the HOMAG Group including the financial position and
profitability as well as the economic and regulatory framework conditions
should coincide with the future-oriented statements in this announcement,
it cannot be guaranteed that the same will hold true in the future.
For further information, please contact:
HOMAG Group AG
Investor Relations and Corporate Communications
Kai Knitter
Phone: +49 7443 13-2461
kai.knitter(at)homag-group.com
www.homag-group.com
End of Corporate News
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24.05.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Homag Group AG
Homagstr. 3-5
72296 Schopfloch
Germany
Phone: +49 (0)7443 / 13 - 0
Fax: +49 (0)7443 / 13 - 2300
E-mail: info(at)homag-group.com
Internet: www.homag-group.com
ISIN: DE0005297204
WKN: 529720
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart
End of News DGAP News-Service
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171474 24.05.2012
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Unternehmensinformation / Kurzprofil:
Datum: 24.05.2012 - 22:53 Uhr
Sprache: Deutsch
News-ID 150075
Anzahl Zeichen: 7754
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Kategorie:
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