EANS-Adhoc: ElringKlinger AG proposes 12.5% increase in dividend
PR Newswire/euro adhoc/ EANS-Adhoc: ElringKlinger AG proposes 12.5% increase in dividend ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
Dividend Announcements/Distribution 22.03.2013
ElringKlinger AG proposes 12.5% increase in dividend
Dettingen/Erms, March 22, 2013 +++ In keeping with its consistent dividend policy that reflects current earnings performance, ElringKlinger AG will be proposing an increase in its regular dividend payable for the 2012 financial year.
While sales revenue rose by 9.1% to EUR 1,127.2 (1,032.8) million in 2012, the Group managed to lift its net income after non-controlling interests and adjusted for non-recurring items by 9.6% to a record level of EUR 85.9 (78.4) million.
The Management Board and Supervisory Board of ElringKlinger AG will propose to the Annual General Meeting resolving on the 2012 financial year a regular dividend of EUR 0.45 (0.40) per share, up 12.5% compared to the previous year. The Annual General Meeting will convene on May 16, 2013, at the Liederhalle Culture and Congress Center in Stuttgart.
The number of shares entitled to a dividend in respect of the 2012 financial year remains unchanged year on year at 63,359,990.
The dividend payout will total EUR 28.5 million. Calculated on the basis of applicable net income of the parent company ElringKlinger AG, amounting to EUR 56.5 million, the dividend ratio for the 2012 financial year thus stands at 50.4%.
In 2012, shareholders had received an extra dividend of EUR 0.18 per share in addition to the regular dividend. The extra dividend was attributable to one-time income from the sale of the Ludwigsburg industrial park in 2011.
Further inquiry note: ElringKlinger AG Investor Relations / Corporate Communications Stephan Haas Max-Eyth-Straße 2 72581 Dettingen Fon: +49 (0)7123-724-137 E-Mail:email@example.com
issuer: ElringKlinger AG
D-72581 Dettingen/Erms phone: +49(0)7123 724-0 FAX: +49(0)7123-7249000 mail: firstname.lastname@example.org WWW: http://www.elringklinger.com sector: Automotive Equipment ISIN: DE0007856023 indexes: MDAX, CDAX, Classic All Share, Prime All Share stockmarkets: free trade: Berlin, München, Düsseldorf, regulated dealing:
Stuttgart, regulated dealing/prime standard: Frankfurt language: English
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