Corporate | 20 April 2012 14:30
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ATOSS Software AG / Key word(s): AGM/EGM
Corporate News AGM approves dividend of 0.71 euro (previous year 0.60 euro) Munich, April 20, 2012 – At today's annual general meeting of ATOSS Software AG, shareholders by a substantial majority endorsed the proposals put forward by the management. An increase in the dividend was approved for the sixth year in succession, lifting the payment this time to EUR 0.71. In financial year 2011 ATOSS Software AG generated earnings per share of EUR 1.43 (previous year EUR 1.21). In line with the dividend policy laid down in 2003, shareholders will receive 50 percent of the company's earnings. With regard to the year 2011 this means an increase of 18 percent, bringing the dividend to EUR 0.71 (last year EUR 0.60). Based on the closing price of ATOSS stock at the end of 2011, this represents a dividend yield of 4.3 percent (last year: 3.5 percent). Since ATOSS first introduced its dividend policy, including some special distributions, a total of EUR 11.41 per share has been paid out to shareholders. These distributions – coupled with the strong development in the share price over the past six years – represent a sustained increase in shareholder value. In addition to the appropriation of profits, in considering the other items on the agenda including the formal discharge of the Management and Supervisory Boards, election of auditors, acquisition and use of treasury stock and the cancellation of existing contingent capital and amendments to the articles of association, the AGM by a clear majority endorsed the management's proposals.
Outlook for financial year 2012
In comparison with a very strong first quarter last year, the order situation in Q1 2012 was slightly subdued. However, in consideration of the robust order book at the end of the quarter and in the expectation of a revival in corporate investment activities, the Management Board continues to look forward to a moderate increase in sales in 2012 with an EBIT margin still in excess of 20 percent despite scheduled investments, particularly in the development of sales and marketing.
Upcoming dates:
Further information:
http://www.atoss.com/
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| Language: | English | |
| Company: | ATOSS Software AG | |
| Am Moosfeld 3 | ||
| 81829 München | ||
| Germany | ||
| Phone: | +49 (0)89 4 27 71-0 | |
| Fax: | +49 (0)89 4 27 71-100 | |
| E-mail: | investor.relations@atoss.com | |
| Internet: | www.atoss.com | |
| ISIN: | DE0005104400 | |
| WKN: | 510440 | |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart | |
| End of News | DGAP News-Service |
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| 165849 20.04.2012 |