Corporate | 8 July 2009 12:11
EUWAX AG / AGM/EGM/Dividend
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.
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Despite the difficult economic situation, EUWAX AG was again able to
present a good set of results at its Annual General Meeting of Shareholders
for the financial year 2008. The meeting was held today in Stuttgart.
Consolidated net profit for the period before profit transfer rose to EUR
24.2 million (up 6 percent), equivalent to earnings per share of EUR 4.69.
For the first time, shareholders were given a guaranteed dividend paid
under the control and profit transfer agreement by boerse-stuttgart Holding
GmbH. After deductions for corporation tax and the solidarity surcharge,
the dividend came to EUR 3.26 per share. With a dividend yield of 7 percent
(based on the closing price as at 30 June 2009), EUWAX AG shareholders
again found themselves enjoying an above-average return.
The shareholders of EUWAX AG approved all items on the agenda of the AGM.
At their Annual General Meeting on 29 June 2007, EUWAX AG shareholders
agreed to a control and profit transfer agreement with boerse-stuttgart
Holding GmbH. The holding company coordinates boerse-stuttgart AG and EUWAX
AG under the overall control of the Vereinigung Baden-Wuerttembergische
Wertpapierboerse e.V. (stock exchange association). The holding company
takes the essential decisions on the operating activities of the Stuttgart
stock exchange. In its capacity as quality liquidity provider (QLP), EUWAX
AG ensures smooth, fast and reliable trading in the following asset
classes: securitised derivatives, German equities, debt instruments
(bonds), and both actively and passively managed funds.
From the financial year 2009 onwards, following the restructuring of the
group, EUWAX AG no longer prepares consolidated financial statements; nor
is it required to render accounts under IFRS.
The financial year 2009 began in very restrained fashion against a
background of continued financial and economic crisis with falling order
numbers. Net results for the first quarter were down 30 percent to EUR 4.5
million (based on single entity financial statements under the German
Commercial Code - HGB). Earnings per share were EUR 0.87.
Christoph Lammersdorf (CEO)
phone +49 (0)711 222989 330
email investor.relations@euwax-ag.de
financial calendar: http://www.euwax-ag.de/index.php?n1=3&n2=3&n3=0
08.07.2009 Financial News transmitted by DGAP
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Language: English
Issuer: EUWAX AG
Börsenstr. 4
70174 Stuttgart
Deutschland
Phone: +49 (0)711 222 989 200
Fax: +49 (0)711 222 989 222
E-mail: post@euwax-ag.de
Internet: www.euwax-ag.de
ISIN: DE0005660104
WKN: 566010
Listed: Regulierter Markt in München, Stuttgart; Freiverkehr in
Berlin, Düsseldorf, Hamburg; Open Market in Frankfurt
End of News DGAP News-Service
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