DGAP-News: Dividend of EUR 0.30 to be proposed
(firmenpresse) - DGAP-News: Homag Group AG / Key word(s): Dividend/Final Results
Dividend of EUR 0.30 to be proposed
25.03.2011 / 10:46
---------------------------------------------------------------------
Meeting of the HOMAG Group AG supervisory board to ratify the financial
statements
Schopfloch, March 25, 2011. Today, the supervisory board approved a
resolution of HOMAG Group AG's management board to propose to the annual
general meeting on May 25, 2011 the payment of a dividend of EUR 0.30 per
share for fiscal 2010. Following the HOMAG Group's unprecedented decision
not to pay its shareholders a dividend for 2009 owing to the negative
results at that time, the Company now wants to distribute a large portion
of its net profit. 'With this high dividend rate, we want to give our
shareholders an above-average slice of the successful year 2010,' CEO Rolf
Knoll explains. Going forward, the Company intends to return to its past
dividend policy.
The previously reported provisional figures for fiscal 2010 have also been
confirmed. According to the final figures, the HOMAG Group's sales revenue
grew by 37 percent to EUR 718 million (prior year: EUR 524 million) and
order intake picked up 31 percent to EUR 541 million (prior year: EUR 413
million). EBITDA before employee profit participation and before
extraordinary expenses for restructuring/non-recurring expenses came to EUR
65.1 million (prior year: EUR 15.6 million), resulting in a net profit
after non-controlling interests of EUR 6.7 million (prior year: a net loss
of EUR 20.7 million). According to the Company's management board, the
HOMAG Group has also made a good start into the current fiscal year and its
order intake for the first quarter of 2011 will exceed the prior-year level
(EUR 166 million).
- - - - - - - - - -
Background information
With its 16 specialized production companies worldwide, 21 group-owned
sales and service companies and approximately 60 exclusive sales partners,
HOMAG Group AG's market position is excellent and its portfolio as a
comprehensive system supplier and technology partner makes it unique.
Backed by a workforce of some 5,000 employees, the company sees itself as
the leading global manufacturer for plants and machinery for the
woodworking and wood materials industry for the production of furniture and
construction elements as well as timber frame houses. The group also offers
its customers a wide range of services in related areas for production
machines and equipment. HOMAG Group AG shares have been trading on the
Prime Standard of the Frankfurt Stock Exchange since July 13, 2007 and were
listed on the SDAX of the German Stock Exchange on October 2007.
Disclaimers
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 press release,
it cannot be guaranteed that the same will hold true in the future.
Information:
HOMAG Group AG
Investor Relations
Simone Mueller
Phone: +49 7443 13-2034
simone.mueller(at)homag-group.com
www.homag-group.com
End of Corporate News
---------------------------------------------------------------------
25.03.2011 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: Homag Group AG
Homagstr. 3-5
72296 Schopfloch
Deutschland
Phone: +49 (0)7443 / 13 - 0
Fax: +49 (0)7443 / 13 - 2300
E-mail: info(at)homag-group.de
Internet: www.homag-group.de
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
---------------------------------------------------------------------
116739 25.03.2011
Datum: 25.03.2011 - 10:46 Uhr
Sprache: Deutsch
News-ID 33587
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 279 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Dividend of EUR 0.30 to be proposed"
steht unter der journalistisch-redaktionellen Verantwortung von
Homag Group AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
