Corporate | 27 May 2009 17:55
Homag Group AG / AGM/EGM
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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Entire agenda passed with large majority
Schopfloch, May 27, 2009. The HOMAG Group AG Annual General Meeting gave
the dividend of 0.30 EUR per share proposed by the Board of Management and
the Supervisory Board a resounding vote of approval with a clear majority
of more than 99 percent. The AGM also agreed to each of the other agenda
items with a 89 percent to 99 percent majority. The vote encompassed
ratification of the Board's actions and authorization to buy back shares.
Around 300 shareholders attended the AGM in Freudenstadt, representing 74.7
percent of the share capital.
Board Spokesman Dr. Joachim Brenk looked back in his address to a
successful financial year in 2008, which generated an EUR 856 million
turnover (prior year: EUR 837 million) and a net profit after minority
interests of EUR 31.9 million (prior year: EUR 32.0 million). He went on to
outline the difficult situation facing the industry during the current
year, the resulting weak first quarter 2009 of the HOMAG Group and the
introduced saving measures. By the end of 2009, the Company plans to reduce
headcount by some 1,000 employees compared to the level at the end of 2008,
as well as reducing the number of contract workers by more than 300.
Schopfloch, May 27th, 2009
The Board of Management
Background information
With its 16 production companies worldwide, 22 group-owned sales and
service companies and approximately 60 exclusive sales partners, HOMAG
Group AG's market position is excellent and its portfolio as a
comprehensive system supplier and technology partner makes it unique.
Backed by a workforce of some 5,000 employees, the Company sees itself as
the leading global manufacturer for plant and machinery for the woodworking
industry for the production of furniture and construction elements as well
as prefabricated houses. The group also offers its customers a wide range
of services in related areas for production machines and equipment. HOMAG
Group AG shares have been trading on the Prime Standard of the Frankfurt
Stock Exchange since July 13, 2007 and were listed on the SDAX of the
German Stock Exchange on October 2007.
Disclaimers
This press release 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 press release,
it cannot be guaranteed that the same will hold true in the future.
Information:
HOMAG Group AG
Investor Relations
Simone Mueller
Phone: +49 7443 13-2034
simone.mueller@homag-group.com
www.homag-group.com
27.05.2009 Financial News transmitted by DGAP
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Language: English
Issuer: Homag Group AG
Homagstr. 3-5
72296 Schopfloch
Deutschland
Phone: +49 (0)7443 / 13 - 0
Fax: +49 (0)7443 / 13 - 2300
E-mail: info@homag-group.de
Internet: www.homag-group.de
ISIN: DE0005297204
WKN: 529720
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Hannover, Stuttgart, München, Hamburg, Düsseldorf
End of News DGAP News-Service
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