DGAP-News: Annual General Meeting of Roth&Rau AG
(firmenpresse) - Roth&Rau AG / AGM/EGM
21.05.2010 15:11
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- Shareholders support strategic alignment
- Authorised capital secures financial flexibility
- 20th anniversary: employees thanked with Roth&Rau shares
Hohenstein-Ernstthal, 21 May 2010 - Today's Annual General Meeting of Roth&Rau AG held at the Press Centre on Sachsenring in Hohenstein-Ernstthal
was attended by around 110 shareholders. Company CEO, Dr. Dietmar Roth
reported on the past 2009 financial year and outlined the Group's strategic
alignment for the future, which received widespread approval from
shareholders. 'One focus of our investments in the current year as well
will be on expanding our technology and product portfolio. To this end, we
will be making sustained investments in research and development, as well
as pressing ahead with the Group's targeted external growth. Over and above
this, a further key focus will be on expanding our international market
position and our global spare parts and service business.' With liquid
funds of around EUR 104 million as of 31 March 2010, the Roth&Rau Group
has sufficient liquidity to implement its growth strategy. Shareholders
approved the creation of new Authorised Capital I, thus providing the
company with additional financial flexibility.
Carsten Bovenschen, company CFO, also provided details of the latest
developments in the first quarter of 2010 and offered shareholders an
optimistic outlook for the current financial year. 'Demand for production
equipment in the solar industry is picking up once again, and we will
benefit from this in the coming months given our strong market position as
one of the world's leading equipment providers. We are therefore confident
that we will reach the sales of EUR 285 million and EBIT margin of around 9
% forecast for 2010 as a whole.' The order situation had recovered further
in the first three months of 2010, in which new orders had improved
year-on-year by 22.5 % to EUR 55.9 million. The Group's sales of EUR 35.3
million and earnings of EUR -0.6 million, on the other hand, were still
heavily affected by the weak demand situation in the past months. More
positive developments were seen in the cash flow, which increased from EUR
-2.9 million to EUR 10.3 million.
The Management Board has planned a special measure to mark the company's
20th anniversary this year. Drawing on the authorisation to acquire
treasury stock granted by the Annual General Meeting, employees are to be
enabled to participate in Roth&Rau AG. As a special thank you, each
employee at the Roth&Rau Group and its associates is to receive one share
as a sign of recognition. 'We see this above all as a symbolic sign of our
gratitude and appreciation for our employees. This way, we hope to
strengthen their sense of belonging and their identification with Roth&Rau AG', explained Dr. Roth.
About Roth&Rau AG:
Roth&Rau AG, based in Hohenstein-Ernstthal, has been one of the world's
leading suppliers of production equipment and innovative production
technologies for the photovoltaics industry for more than 10 years now. In
its photovoltaics segment, Roth&Rau focuses on providing antireflective
coating systems and turnkey production lines for use in the manufacture of
crystalline silicon solar cells. Further products include thermal
processing systems also used in the manufacture of crystalline silicon
solar cells, as well as coating systems and turnkey production lines for
the manufacture of thin film solar modules. Roth&Rau MicroSystems, a
subsidiary located in the Wüstenbrand district, develops and produces
process systems for plasma and ion beam enhanced thin film and surface
processing methods tailored to customers' specific needs. The customers
served by this division particularly include companies in the semiconductor
industry, R&D departments in various other industrial sectors, research
institutes and universities. The portfolio of the Roth&Rau Group is
supplemented by software products in the field of systems management,
production monitoring and maintenance and service offerings.
Contact:
Roth&Rau AG
Dr. Silvia Roth
Tel.: +49 (0) 3723/6685-333
E-Mail: investor(at)roth-rau.de
Haubrok Investor Relations GmbH
Simone Gorny
Tel.: +49 (0) 211/30126-130
E-Mail: s.gorny(at)haubrok.de
21.05.2010 15:11 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: Roth&Rau AG
An der Baumschule 6-8
09337 Hohenstein-Ernstthal
Deutschland
Phone: 03723 6685-0
Fax: 03723 6685-100
E-mail: info(at)roth-rau.de
Internet: www.roth-rau.de
ISIN: DE000A0JCZ51
WKN: A0JCZ5
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Düsseldorf, Stuttgart
End of News DGAP News-Service
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Datum: 21.05.2010 - 15:11 Uhr
Sprache: Deutsch
News-ID 21293
Anzahl Zeichen: 0
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Kategorie:
Business News
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