HOMAG Group AG will more than double its dividend / Ad hoc announcement
HOMAG Group AG intends to more than double its dividend, and distribute EUR 0.90 per share to its shareholders (prior year: EUR 0.40). At its meeting today to ratify the company’s annual financial statements, the supervisory board approved a resolution of the management board to this end, and decided to propose a dividend of EUR 0.90 per share at the annual general meeting on June 5, 2008. At the same meeting, the preliminary figures for fiscal 2007 that had already been announced were confirmed.
Sales revenue improved by more than 13 percent to EUR 837 million (prior year: EUR 736 million), while EBITDA before IPO costs and employee participation expenses rose some 21 percent to EUR 103.3 million (prior year: EUR 85.0 million). An even greater increase was recorded in net profit after minority interests, up 61 percent to EUR 32.0 million, and in earnings per share, up 54 percent to EUR 2.12.
With this substantial dividend increase, HOMAG Group AG wants its shareholders to participate in the excellent performance of the company in the past fiscal year. At the same time, the management board is underscoring its optimism about 2008, and intends to maintain its shareholder-friendly profit distribution policy.
This announcement contains certain statements relating to the future. Future-oriented statements are all those statements that do not pertain to historical facts and events or expressions pertaining to the future such as "believes”, "estimates”, "assumes”, "forecasts”, "intend”, "may”, "will”, "should” or similar expressions. Such future-oriented statements are subject to risks and uncertainty since they relate to future events and are based on current assumptions of the Company, which may not occur in the future or may not occur in the anticipated form. The Company points out that such future-oriented statements do not guarantee the future; actual results including the financial position and the profitability of the HOMAG Group as well as the development of economic and regulatory framework conditions may deviate significantly (and prove unfavorable) from what is expressly or implicitly assumed or described in these statements. Even if the actual results of the HOMAG Group including the financial position and profitability as well as the economic and regulatory framework conditions should coincide with the future-oriented statements in this announcement, it cannot be guaranteed that the same will hold true in the future.