27. Mar 2014

WashTec AG announces dividend proposal for fiscal year 2013 and plans efficiency program


WashTec AG / Key word(s): Dividend

27.03.2014 / 21:12


Management board and supervisory board have resolved in connection with the approval of the annual accounts to recommend this year's annual general meeting a dividend of EUR 0.64 per share [total amount of approx. EUR 8.9m] with total earnings per share 2013 of EUR 0.80. The dividend is composed of a distribution in the amount of EUR 0.32 per share (corresponding to approx. 40% of the net result) plus a special dividend in the same amount. Background for the special dividend is WashTec's low EBITDA-gearing ratio and the solid equity financing. 68.8% of the distribution will be made from the so-called "capital contribution account for tax purposes" [steuerliches Einlagenkonto].

Furthermore, management board and supervisory board agreed that efficiency measures will be developed and implemented which shall improve the EBIT margin to 8% from 2016 if the market environment remains stable. One-off costs are estimated to total up to EUR3.0m.

This year's annual general meeting is scheduled for June 4, 2014.

Contact:
WashTec AG
Argonstrasse 7
86153 Augsburg

Tel.: +49 (0)821 - 55 84 - 0
Fax: +49 (0)821 - 55 84 - 1135



End of ad hoc announcement


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