DGAP-News: itelligence AG: Annual General Meeting passes all agenda items with significant majority
(firmenpresse) - DGAP-News: itelligence AG / Key word(s): AGM/EGM
itelligence AG: Annual General Meeting passes all agenda items with
significant majority
31.05.2012 / 14:38
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Annual General Meeting passes all agenda items with significant majority
* Dividend increase of around 29% to EUR 0.18 per share
* Capital increase successfully concluded
* Growth course to continue
Bielefeld, May 31, 2012 - At today's Annual General Meeting of itelligence
AG in Bielefeld, Herbert Vogel, CEO, and Norbert Rotter, CFO, reported on
the successful fiscal year of 2011 and the goals for the current 2012
fiscal year and the years beyond. The most important item on the agenda of
the Annual General Meeting was the proposal from the Supervisory Board and
the Management Board to increase the dividend from EUR 0.14 to EUR 0.18 per
share for fiscal 2011. The total distribution to shareholders therefore
amounts to MEUR 4.4 (previous year: MEUR 3.4). The dividend corresponds to
a distribution ratio of 39% of the consolidated profit (previous year:
36%). The dividend will be paid out from June 1, 2012. Overall, the Annual
General Meeting approved all items on the agenda with a majority of more
than 95%.
In their comments, the members of the Management Board reported on the
excellent fiscal year 2011, which saw clear growth in revenues and
earnings, and on the successful completion of the capital increase, as a
result of which itelligence will receive gross issue proceeds of MEUR 36.8
for further growth. Despite the cooling global economy, itelligence is
optimistic for increases in both revenues and earnings in the current
fiscal year.
Herbert Vogel, CEO of itelligence AG, commented: 'Our strategy of growing
both organically and through selective acquisitions is still a complete
success. We can now continue and intensify this course with the funds from
the capital increase. Both strategic growth paths will allow us to further
increase our revenues in 2012 as well.'
Norbert Rotter, CFO of itelligence AG: 'Business performance to date has
confirmed our planning for 2012. This year we are forecasting revenues of
between MEUR 375 and MEUR 400 with an EBIT margin of 6.2% to 6.4%. We are
confident of achieving our growth target for 2012 - and of allowing our
shareholders to share in this, as in previous years, in the form of ongoing
dividends.'
itelligence is one of the leading international full-service providers of
solutions in support of SAP solutions, employing more than 2,300 highly
qualified employees in 20 countries and in five regions (America, Asia,
Western Europe, Eastern Europe and Germany/Austria/Switzerland). As a
frequently awarded SAP partner, among others global value-added reseller,
SAP Certified in Cloud Services and SAP Gold Partner Business ByDesign,
itelligence realizes complex projects in the SAP solution-based environment
for over 4,000 customers worldwide. In 2006, itelligence obtained
gold-level status as an SAP channel partner as part of the SAP
PartnerEdge(TM) program in Germany, and in the U.S. in 2007. The company's
services in support of SAP solutions range from consulting and licensing to
outsourcing and services to proprietary industry-specific SAP. In 2011,
itelligence generated total sales of MEUR 342.4.
Investor Relations:
Katrin Schlegel
Tel: +49 (0) 521-91 448 106
Fax: +49 (0) 521-91 445 201
Katrin.Schlegel(at)itelligence.de
End of Corporate News
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31.05.2012 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: itelligence AG
Königsbreede 1
33605 Bielefeld
Germany
Phone: +49 (0)521 91448-106
Fax: +49 (0)521 91445-201
E-mail: katrin.schlegel(at)itelligence.de
Internet: www.itelligence.de
ISIN: DE0007300402
WKN: 730 040
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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172336 31.05.2012
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Datum: 31.05.2012 - 14:38 Uhr
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News-ID 151745
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