DGAP-News: GRENKELEASING AG: GRENKE Annual General Meeting confirms business strategy - dividend of EUR 0.80 per share resolved
(firmenpresse) - DGAP-News: GRENKELEASING AG / Key word(s): AGM/EGM
GRENKELEASING AG: GRENKE Annual General Meeting confirms business
strategy - dividend of EUR 0.80 per share resolved
07.05.2013 / 17:24
---------------------------------------------------------------------
GRENKE Annual General Meeting confirms business strategy - dividend of EUR
0.80 per share resolved
*GRENKE shareholders resolve dividend of EUR 0.80 per share
*Annual General Meeting approves all points of the agenda with a majority
*Actions of the Board of Directors and Supervisory Board approved
Baden-Baden, May 7, 2013: The shareholders of GRENKELEASING AG have
resolved the distribution of a dividend for the 2012 financial year of EUR
0.80 per share (previous year: EUR 0.75) at the Annual General Meeting
today at the Baden-Baden Congress House. This corresponds to a total
distribution of EUR 11.8 million. The payout ratio, i.e. the ratio of the
dividend payout to Consolidated Group net profits, was 27.7%. It is
therefore in line with GRENKE's long-term dividend policy, which specifies
a payout ratio between 20% and 30% of net profits. The dividend will be
distributed to GRENKE shareholders on May 8, 2013.
The Annual General Meeting approved the actions of the members of the Board
of Directors and the Supervisory Board for the 2012 financial year and
approved all items of the agenda with a majority.
In addition, the Annual General Meeting voted in the periodic election of
members of the Supervisory Board. Professor Dr. Ernst-Moritz Lipp and Mr
Gerhard Witt were re-elected. The term in office of the elected members of
the Supervisory Board ends as of the 2018 Annual General Meeting.
In his speech, CEO Wolfgang Grenke summed up the successful financial year
as follows: 'With increasing earnings, a largely unchanged loss rate and a
moderate rise in expenses, the GRENKE Group's net profit amounted to EUR
42.5 million and was thus within the planned range of EUR 41 million to EUR
44 million. This once again emphasises that we see ourselves as a growth
company - and not just in terms of new business but also of course with
regard to profits. For 2013 we anticipate growth in the GRENKE Group's new
business of between 13% and 16% with Contribution Margin 2 remaining
profitable and riskadequate. The GRENKE Consolidated Group's net profit is
expected to amount to between EUR 44 million and EUR 48 million.'
The CEO was also very confident as regards the current financial year: 'The
first quarter of 2013 saw a very positive performance. We increased new
business in the GRENKE Group by 15% to EUR 275.6 million. As such, we are
in line with our planning and are reiterating our forecasts.'
The company's CFO Jörg Eicker added: 'In the past financial year, we
already made major preparations for the GRENKE Group's continued growth in
2013. As part of our expansion strategy, we will continue to work
intensively on our regional coverage and the diversification of our
financial solutions. In February 2013, we secured our growth with
additional equity. In doing so, we met with a very positive response and
were able to generate a net cash inflow of close to EUR 54 million.'
Around 250 shareholders took part in the Annual General Meeting. The
presence at the time of voting was 85.3%.
The company had invited a number of pupils to its Annual General Meeting:
the winners ofSparkasse Baden-Baden-Gaggenau's stock exchange planning
game, pupils of the Markgraf-Ludwig-Gymnasium Baden-Baden and the
Richard-Wagner-Gymnasium Baden-Baden - as part of its ongoing programme to
involve local schools - and pupils of the Goethe Gymnasium Gaggenau.
The Board of Directors
Should you have any queries, please contact:
Renate Hauss
Tel.: +49 7221 5007-204
Fax: +49 7221 5007-4218
E-mail: investor(at)grenke.de
Internet: http://www.grenke.de, http://grenkeleasing.de,
http://www.grenkebank.de, http://www.grenkefactoring.de
The GRENKE Group
The GRENKE Group is a broadly diversified provider of financial services
for small and medium-sized companies and private customers.
The range of services offered by the GRENKE Group covers small-ticket IT
leasing and factoring and - through GRENKE Bank - traditional online
banking services.
The GRENKE Group is independent of vendors and banks and holds a leading
market position in Europe in the field of small-ticket IT leasing for
products such as PCs, notebooks, copiers, printers, or software of
relatively low asset value. The GRENKE Group operates in 25 countries and
employs more than 800 staff.
GRENKELEASING AG is listed in the Prime Standard of the Frankfurt Stock
Exchange and is included in the SDAX. GRENKELEASING AG shares are listed in
the SDAX on the Frankfurt Stock Exchange with the code GLJ, ISIN
DE0005865901.
Information on the GRENKE Group and its products is available on the
Internet at http://www.grenke.de, http://www.grenkeleasing.de,
http://www.grenkebank.de, and http://www.grenkefactoring.de.
End of Corporate News
---------------------------------------------------------------------
07.05.2013 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,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: GRENKELEASING AG
Neuer Markt 2
76532 Baden-Baden
Germany
Phone: +49 (0)7221 50 07-204
Fax: +49 (0)7221 50 07-4218
E-mail: investor(at)grenke.de
Internet: www.grenke.de
ISIN: DE0005865901
WKN: 586590
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
---------------------------------------------------------------------
210144 07.05.2013
Themen in dieser Pressemitteilung:
grenkeleasing-ag-grenke-annual-general-meeting-confirms-business-strategy
dividend-of-eur-0-80-per-share-resolved
Unternehmensinformation / Kurzprofil:
Datum: 07.05.2013 - 17:24 Uhr
Sprache: Deutsch
News-ID 257131
Anzahl Zeichen: 4906
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 291 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: GRENKELEASING AG: GRENKE Annual General Meeting confirms business strategy - dividend of EUR 0.80 per share resolved"
steht unter der journalistisch-redaktionellen Verantwortung von
GRENKELEASING AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
