DGAP-News: Annual General Meeting of hotel.de AG
(firmenpresse) - DGAP-News: hotel.de AG / Key word(s): AGM/EGM
Annual General Meeting of hotel.de AG
20.05.2011 / 15:24
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PRESS INFORMATION
Annual General Meeting of hotel.de AG
- Shareholders support corporate strategy
- All agenda items approved with large majorities
- Dividend raised from Euro 0.27 to Euro 0.47 per share
Nuremberg, May 20, 2011 - hotel.de AG is distributing a dividend of Euro
0.47 per share for the 2010 financial year, equivalent to a 74.0% increase
compared with the previous year. This proposal was approved with a large
majority by shareholders at the company's Annual General Meeting held today
in Nuremberg. 'With this planned dividend increase, we are complying with
our previously announced intention of distributing the annual net surplus
in full. Where future profits are not required for investments in the
company's further development, we plan to uphold this dividend policy
without amendment in the coming years as well', explained Dr. Heinz Raufer,
CEO of hotel.de AG. Based on the current share price of around Euro 14.00,
the dividend yield thus amounts to 3.4%.
The Annual General Meeting also approved all other agenda items and
supported the corporate strategy presented by the Management Board. This
involves maintaining the internationalisation of the company's business
activities and extending the scope of its product. A further focus in the
current year involves expanding mobile applications, an area which Raufer
also presented in greater detail in his presentation. Investments in this
area, some of which were brought forward to the first quarter of 2011, were
one of the reasons for the negative quarterly earnings at the beginning of
the year.?In his outlook, Raufer was nevertheless optimistic about the year as a
whole. 'As the year progresses, we expect the stepping up of our marketing
activities, the acceleration of our IT development and the international
scaling of our business to generate positive momentum. For 2011 as a whole,
our current budgets foresee sales growth in a low double-digit percentage
range and a year-on-year improvement in EBIT.'
About hotel.de AG
hotel.de AG operates a global hotel reservation service for companies and
private customers at its www.hotel.de and www.hotel.info addresses.
Available in 37 languages, these websites enable customers to book
accommodation at more than 210,000 hotels in all categories easily, quickly
and at optimal prices. More than 4 million private and business customers
from all around the world now place their trust in this service to book
hotels. When selecting their hotel they can refer to more than 1.5 million
personal hotel evaluations. Well-known companies such as BASF, SAP AG,
Texas Instruments , Ernst&Young AG and many more use hotel.de's corporate
application to book hotels for business travel.
Based in Nuremberg, hotel.de AG also has a branch in Hamm (Westphalia) and
sales offices in the UK (London), France (Paris), Spain (Barcelona), Italy
(Rome), China (Shanghai) and Singapore. The company was founded in 2001 and
was publicly listed in October 2006. In 2010, the company mediated
reservation volumes in excess of Euro 390 million.
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Press contact:
hotel.de AG
Aleksander Szumilas
Hugo-Junkers-Str. 15-17
90411 Nuremberg
Tel: +49 (0) 911-59832-0
Fax: +49 (0) 911-59832-11
E-mail: presse(at)hotel.de
www.hotel.de
Haubrok Investor Relations GmbH&Co. KG
Simone Cujai
Tel: +49 (0) 211-171835-37
Fax: +49 (0) 211-171835-38
E-mail: s.cujai(at)haubrok.de
www.haubrok.de
End of Corporate News
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20.05.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: hotel.de AG
Hugo-Junkers-Str. 15-17
90411 Nürnberg
Deutschland
Phone: +49 (0)911 59832 2600
Fax: +49 (0)911 5983 211
E-mail: vavrinec(at)hotel.de
Internet: www.hotel.de
ISIN: DE0006910938
WKN: 691093
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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125620 20.05.2011
Datum: 20.05.2011 - 15:24 Uhr
Sprache: Deutsch
News-ID 34163
Anzahl Zeichen: 0
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Kategorie:
Business News
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