Corporate | 3 July 2012 15:42
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INDUS Holding AG / Key word(s): AGM/EGM
After record year 2011 cautious outlook for 2012
– Annual General Meeting approves dividend increase – Management change: Jürgen Abromeit succeeds Helmut Ruwisch Bergisch Gladbach, July 3, 2012 – At today's Annual General Meeting of INDUS Holding AG in Cologne, a large majority of the shareholders approved a dividend increase to EUR 1.00 per share (previous year: EUR 0.90). The company will pay out a total of EUR 22.2 million, which represents almost 50%. Helmut Ruwisch, whose term of office ended today, highlighted the company's strong track record in his address: 'Although the financial market crisis has lasted for as many as four years, our company is in a very stable financial condition now that we have strengthened our equity base, reduced our liabilities and have high liquidity. This not only indicates our policy of sustainable corporate development but is also a good basis for the years ahead.' New CEO Jürgen Abromeit also emphasised his confidence in the future. He thanked his predecessor for his work over the past ten years, adding that 'INDUS now has every chance to grow again targeted. Only if we continue to integrate new hidden champions will the portfolio remain effective and profitable or – in a nutshell – be fit for the future. Our portfolio must cover a cross-section of the relevant sectors at all times. This is an important precondition for our ability to grow dynamically in the medium and long term.' At the same time, Abromeit confirmed that the Group will maintain its long-term orientation. He confirmed the forecast for the current year. '2012 will be another good year for the INDUS Group – but it will not be a record year like 2011. We plan for our sales revenues to pass the one billion euro mark again. But our earnings forecast is more cautious. An EBIT margin of 10 percent remains an ambitious target, which we will be able to reach only if economic activity picks up as the year progresses and if we can ease the burdens on the cost side.' Going forward, the new Management Board will consist of three members: Jürgen Abromeit, Rudolf Weichert and Dr. Johannes Schmidt. Rudolf Weichert joined the Management Board on June 1, 2012 to succeed Dr. Wolfgang Höper, who left INDUS at his own request. Dr. Johannes Schmidt has sat on the Management Board since 2006.
Dr. Uwe Jens Petersen and Dr. Egon Schlütter did not stand for re-election. Instead Joachim Selzer and Helmut Späth were proposed as candidates to represent the two anchor shareholders. Supervisory Board Chairman Burkhard Rosenfeld thanked the two resigning members for their long-standing commitment and support of the company. Dr. Jürgen Allerkamp and Dr. Ralf Bartsch, who have both sat on the Supervisory Board since 2007, stood for re-election for a second term of office. All candidates were elected by a large majority.
End of Corporate News 03.07.2012 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. 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: | INDUS Holding AG | |
| Kölner Straße 32 | ||
| 51429 Bergisch Gladbach | ||
| Germany | ||
| Phone: | +49 (0)2204 40 00-0 | |
| Fax: | +49 (0)2204 40 00-20 | |
| E-mail: | indus@indus.de | |
| Internet: | www.indus.de | |
| ISIN: | DE0006200108 | |
| WKN: | 620010 | |
| Listed: | Regulierter Markt in Düsseldorf, Frankfurt (Prime Standard); Freiverkehr in Berlin, Hamburg, München, Stuttgart | |
| End of News | DGAP News-Service |
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| 176347 03.07.2012 |