WashTec AG / Key word(s): Dividend 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: Tel.: +49 (0)821 - 55 84 - 0 End of ad hoc announcement 27.03.2014 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: | WashTec AG | |
Argonstraße 7 | ||
86153 Augsburg | ||
Germany | ||
Phone: | +49 (0)821 55 84-0 | |
Fax: | +49 (0)821 55 84-1135 | |
E-mail: | washtec@washtec.de | |
Internet: | www.washtec.de | |
ISIN: | DE0007507501 | |
WKN: | 750750 | |
Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart | |
End of News | DGAP News-Service |
260173 27.03.2014 |