Annual General Meeting of R. STAHL AG adopts dividend payment of ? 1.00 per share
(Thomson Reuters ONE) -
R. STAHL AG /
Annual General Meeting of R. STAHL AG adopts dividend payment of ? 1.00 per
share
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The issuer is solely responsible for the content of this announcement.
Waldenburg, 17 May 2013 - The 20th Annual General Meeting of R. STAHL AG, held
today in Neuenstein, Germany, has adopted a dividend payment of ? 1.00 per share
for fiscal year 2012. Compared to the previous year's dividend payment of
? 0.70, this represents an increase of around 43%. The total payment of approx.
? 5.9 million corresponds to a payout ratio of about 42% of the adopted balance
sheet profit amounting to ? 13,940,840.10. The remaining approx. ? 8.0 million
were carried forward. CEO Martin Schomaker commented: "We can look back on a
very encouraging fiscal year 2012. The stock exchange has already recognised
this trend with a strong increase in the R. STAHL share price. In addition to
this, we would like our shareholders to benefit from the company's earnings
growth and strong cash flow by means of our attractive dividend policy."
In fiscal year 2012, R. STAHL raised sales revenues by 20% to a new record level
of ? 290.9 million. Net profit for the year improved by 60% to ? 14.3 million.
Order intake also set a new record of ? 297.1 million.
The Executive Board stated that the company's positive development resulted from
consistently strong demand from customer industries, the successful enhancement
of its standard product portfolio and systems business in the field of explosion
protection, as well as the implementation of its growth strategy over the past
few years. "Our new subsidiaries in the key growth markets of Australia,
Malaysia, Russia, Canada and Brazil made a significant contribution to the
Group's growth in 2012," stated Schomaker. The Group now generates almost 79% of
its revenues abroad. This also benefits its German facilities: At the end of the
year, 934 employees of the 1,658 permanently employed personnel were working in
Germany - 20 more than in the previous year. The company plans to invest around
? 24 million at its facilities in Waldenburg, Cologne and Hengelo in the coming
years in order to meet the expected growing demand for R. STAHL products.
Supervisory Board elections
All items on the agenda of the Annual General Meeting were overwhelmingly
approved by the company's shareholders. As scheduled, the six shareholder
representatives on the Supervisory Board were elected for the coming four fiscal
years. Hans-Volker Stahl, Heike Dannenbauer, Waltraud Hertreiter, Peter
Leischner and Rudolf Meier were all re-elected to the committee. One new member
of the Supervisory Board is Heiko Stallbörger. The Chairman of the Supervisory
Board, Hans-Volker Stahl, thanked the retiring member Josef Kurth for his many
years of service and dedicated work for the Supervisory Board, which he joined
in 1994. He also thanked the departing staff representatives Monika Weidmann and
Christoph Carle for their close cooperation. Prior to the Annual General
Meeting, Heinz Grund and the new members Klaus Erker and Nikolaus Simeonidis
were already voted by the work force as staff representatives on the Supervisory
Board.
Course set for further growth
During the shareholder meeting, the management confirmed its targets for fiscal
year 2013, which has so far met all expectations. After a good first quarter,
management expects business to gather pace in the second half of the year. For
2013 as a whole, revenues are expected to lie between ? 305 million and
? 315 million. The company aims to reach pre-tax earnings (EBT) of ? 21 million
to ? 23 million.
About R. STAHL - www.stahl.de
R. STAHL is one of the world's leading suppliers of electrical and electronic
products and systems for explosion protection. These products and systems
prevent explosions in risk areas, and contribute to the safety of people,
machines and the environment. The portfolio ranges from products used in
switching/ distributing, installing, operating/monitoring, lighting and
signalling/alarming, up to automation. Typical customers operate in growth
industries, such as the oil & gas industry, the chemical and pharmaceutical
industries, and the food industry. In 2012, global revenues of ? 291 million
were generated with over 1,700 employees.
The shares of R. STAHL AG are traded on the Regulated Market/Prime Standard of
Deutsche Boerse (ISIN DE000A1PHBB5).
For more information:
R. STAHL AG
Am Bahnhof 30, 74638 Waldenburg (Württ.)
Bernd Marx (CFO)
Phone: +49 7942 943-1271, e-mail: investornews(at)stahl.de
Frank Schwarz (Investor Relations)
Phone: +49 611 1745-39 811, e-mail: frank.schwarz(at)stahl.de
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originality of the information contained therein.
Source: R. STAHL AG via Thomson Reuters ONE
[HUG#1702746]
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Datum: 17.05.2013 - 14:08 Uhr
Sprache: Deutsch
News-ID 261263
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contact information:
Town:
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