DGAP-News: H&R WASAG AG: Record Profit and Dividend Recommendation of EUR 0.65 per Share
(firmenpresse) - DGAP-News: H&R WASAG AG / Key word(s): Final Results/Dividend
H&R WASAG AG: Record Profit and Dividend Recommendation of EUR 0.65
per Share
30.03.2011 / 06:59
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Record Profit and Dividend Recommendation of EUR 0.65 per Share
Salzbergen, 30 March 2011. The Supervisory Board of H&R WASAG AG has
approved the audited consolidated financial statements, which almost
completely confirm the provisional figures of 18 February. According to
these, H&R WASAG AG generated a new record operating profit in the 2010
fiscal year (EBITDA) of EUR 103.4 million (previous year: EUR 65.6
million).The EBIT rose by 83.4% to EUR 82.0 million (previous year: EUR
44.7 million). The consolidated surplus of the shareholders more than
doubled to EUR 52.0 million (previous year: EUR 25.0 million).
The shareholders of H&R WASAG AG should participate appropriately in this
positive development. For this reason, the Executive Board and Supervisory
Board have decided to propose an increased dividend per share of EUR 0.65
(previous year: EUR 0.45) to the Shareholders' Meeting on 31 May 2011.
Based upon the year-end closing price 2010 of EUR 21.05, this corresponds
to a dividend yield of 3.1%.
The outlook for the current fiscal year remains positive, 'Sales in
February were still at a high level. However, due to the considerable
increase in raw materials costs, further price increases are inevitable,'
says Gert Wendroth, Chairman of the Executive Board at H&R WASAG AG.
More detailed information concerning the current development can be found
in the 2010 annual report online at www.hur-wasag.com.
The next scheduled dates:
13th May 2011 Publication of the 1st quarterly report for 2011
31st May 2011 Shareholders' Meeting in Hamburg
12th August 2011 Publication of the 2nd quarterly report for 2011
14th November 2011 Publication of the 3rd quarterly report for 2011
Contact:
H&R WASAG AG, Investor Relations / Communications, Christian Pokropp
Neuenkirchener Straße 8, 48499 Salzbergen, Germany
Phone: 0049 (0)40 43218 321, Fax: 0049 (0)40-43218-390, Email:
Christian.Pokropp(at)hur-wasag.de
www.hur-wasag.com
H&R WASAG AG:
The SDAX-listed company H&R WASAG AG is active in the fields of development
and manufacture of chemical-pharmaceutical specialty products based on
crude oil, and in the production of precision plastic parts.
Forward-looking statements and forecasts:
This press release contains forward-looking statements. These statements
are based upon current estimates and forecasts of the executive board as
well as information that is available to the executive board at this point
in time. They are not to be taken as guarantees of future developments and
results. The future developments and results are much more dependent upon
many factors. They contain various risks and uncertainties and are based
upon assumptions that may prove to be inaccurate. We assume no obligation
to update the forward-looking statements contained in this report.
End of Corporate News
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Language: English
Company: H&R WASAG AG
Neuenkirchener Str. 8
48499 Salzbergen
Deutschland
Phone: +49 (0)40 43 218 321
Fax: +49 (0)40 43 218 390
E-mail: investor.relations(at)hur-wasag.de
Internet: www.hur-wasag.de
ISIN: DE0007757007
WKN: 775700
Listed: Regulierter Markt in Düsseldorf, Frankfurt (Prime
Standard), Hamburg; Freiverkehr in Berlin, Hannover,
München, Stuttgart
End of News DGAP News-Service
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117473 30.03.2011
Datum: 30.03.2011 - 06:59 Uhr
Sprache: Deutsch
News-ID 33628
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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