elexis AG: Press Release concerning the Annual General Meeting on 19 May 2011
(firmenpresse) - elexis AG / Key word(s): Enterprise/
elexis AG: Press Release concerning the Annual General Meeting on 19
May 2011
DGAP-Media / 19.05.2011 / 17:39
Press Release concerning the Annual General Meeting on 19 May 2011
*Increase in sales and earnings expected for the full year in 2011
*Dividend payment of EUR 0.37 euros per share passed with large majority
*Strategic partnership with SMS group possible
Wenden, 19 May 2011 - elexis AG, which is listed on the SDAX of the
Frankfurt Stock Exchange, today gave a guidance for 2011 at its Annual
General Meeting. For the year as a whole an order intake of between 165 and
175 million euros is planned. Sales revenue is expected to be between 155
and 165 million euros. The EBIT margin may show a high profit at the end of
the year and is expected to be between 11.5 and 13.5 percent. Therefore the
internal goal of an EBIT margin of greater than 10 percent will be achieved
for the whole of 2011 as we currently see it.
The year of transition of 2010 will be followed by a year of departure. The
growth will come from a continued increase in demand from emerging
countries, and in particular from China. In addition to this, the focus of
the product portfolio on the criteria of energy efficiency and improving
productivity will provide new market and product development opportunities.
This has already been shown by the launch of the electromechanical linear
drive ELA, which has replaced the previous hydraulic components and can
also be used to recover energy.
With regard to the future, elexis AG believes there will be a sustained
innovation density on the one hand and a greater international presence on
the other. A new elexis Business Centre in Shanghai will be opened in the
autumn of 2011 and complement the international sales organisation. With
sales and service offices in more than 75 countries, the elexis Group has a
good foundation to share in global economic growth.
elexis AG also associates possible prospects for growth with a possible
strategic partnership with the SMS group. SMS GmbH, which is part of the
SMS group, made public its decision on 9 May 2011 in accordance with§10
of the German Securities Acquisition and Takeover Act (WpÜG) to make a
voluntary public takeover offer in the amount of 19.00 euros per share to
all shareholders of elexis AG to purchase their registered no-par value
shares. The offer will be made under certain conditions, such as achieving
a minimum acceptance threshold of 50 % plus 1 share and any necessary
antitrust approval.
The SMS group and elexis Group have already been cooperating for years at
technological level in a constructive and trustful manner. The two
companies are also united by a long customer relationship. The Management
Board is of the view that with this partnership it will take a crucial step
towards the vision of becoming a technology and world market leader in the
automation of quality assurance and control technology for flat material
webs.
The Management Board and Supervisory Board of elexis AG will examine the
offer thoroughly after it has been made public and then publish a reasoned
opinion in accordance with§27 of the WpÜG.
Voting results
At today's Annual General Meeting all of the agenda items were passed with
a clear majority. The shareholders decided that the company will pay a
dividend of 0.37 euros per share for the past financial year. This equates
to a payment of 3.4 million euros. In so doing they followed the proposal
made by the Management Board and the Supervisory Board.
The speech made by the members of the Management Board at the Annual
General Meeting and the voting results can be viewed in German and English
at www.elexis.de.
Shares of elexis AG are listed in the Prime Standard of the Frankfurt Stock
Exchange (ISIN: DE 000 508 500 5). Elexis AG is included in the SDAX index.
End of Media Release
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Language: English
Company: elexis AG
Industriestraße 1
57482 Wenden
Deutschland
Phone: +49 (0)2762 612 - 130
Fax: +49 (0)2762 612 - 135
E-mail: eicke(at)elexis.de
Internet: www.elexis.de
ISIN: DE0005085005
WKN: 508500
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart
End of News DGAP-Media
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125518 19.05.2011
Datum: 19.05.2011 - 17:39 Uhr
Sprache: Deutsch
News-ID 34152
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