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16:16 | 23.01.2008
DJ DGAP-Adhoc: 2006/2007 consolidated profit reaches 136.5 million euros; recommendation to double the dividend to 1.00 euro per share; extraordinary surplus dividend of 2.50 euros to be paid again; stock market conditions lead to negative valuation result for 1st quart
DJ DGAP-Adhoc: 2006/2007 consolidated profit reaches 136.5 million euros; recommendation to double the dividend to 1.00 euro per share; extraordinary surplus dividend of 2.50 euros to be paid again; stock market conditions lead to negative valuation result for 1st quart
Deutsche Beteiligungs AG / Dividend/Forecast
23.01.2008
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Announcement consistent with § 15 WpHG (German Stock Corporation Act)
Deutsche Beteiligungs AG, WKN 550 810/ISIN DE0005508105
The Supervisory Board of Deutsche Beteiligungs AG today approved the
consolidated financial statements, adopted the annual financial statements
of Deutsche Beteiligungs AG and voted to follow the Board of Management's
dividend recommendation. At the Annual Meeting, the recommendation will be
put to shareholders to double the dividend from 0.50 euros per share paid
the previous year to 1.00 euros per share and additionally to again
disburse an extraordinary surplus dividend of 2.50 euros per share on top,
or a total of 3.50 euros per share.
This recommendation on the appropriation of profits derives from the high
consolidated profit posted for financial year 2006/2007 (1 November to 31
October) of 136.5 million euros and the Company's sizeable cash position of
155.8 million euros at 31 October 2007. In financial year 2006/2007, net
asset value per share climbed from 19.07 euros to 25.09 euros per share.
For the first quarter of the new financial year, the marked setback in
stock price levels has had repercussions on the valuation of the portfolio
companies in the accounts of Deutsche Beteiligungs AG, despite their
unchanged very satisfactory earnings development. As announced in the
report on the 3rd quarter 2006/2007 (31 July), a drop in the price of
shares in Homag Group AG of one euro negatively impacts the result for
Deutsche Beteiligungs AG by approximately 2.6 million euros. The decline in
the price of Homag shares since 31 October 2007 based on the closing
quotation on 22 January 2008 corresponds to a negative value effect of 25.7
million euros (equating to 1.90 euros per DBAG share). Apart from this,
the Board of Management foresees no major other negative valuation changes
based on current stock market conditions that would affect the consolidated
quarterly result at 31 January 2008. Accordingly, net asset value per share
at present clearly exceeds current share price quotations.
The Board of Management
Frankfurt am Main, 23 January 2008
Thomas Franke
Head of IR
phone +49 (0) 69 95 787-307
23.01.2008 Financial News transmitted by DGAP
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Language: English
Issuer: Deutsche Beteiligungs AG
Kleine Wiesenau 1
60323 Frankfurt am Main
Deutschland
Phone: +49 (0)69 957 87-01
Fax: +49 (0)69 957 87-199
E-mail: welcome@deutsche-beteiligung.de
Internet: www.deutsche-beteiligung.de
ISIN: DE0005508105
WKN: 550810
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Düsseldorf;
Freiverkehr in Berlin, Hamburg, München, Stuttgart
End of News DGAP News-Service
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(END) Dow Jones Newswires January 23, 2008 11:16 ET (16:16 GMT) |
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