DGAP-News: Meeting of the HOMAG Group AG supervisory board to ratify the financial statements
(firmenpresse) - Homag Group AG / Dividend
23.03.2010 14:28
Dissemination 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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* No dividend for 2009
* Provisional figures for fiscal 2009 confirmed
* Improvement in orders as of early 2010
The management board and supervisory board of HOMAG Group AG both resolved
today to propose to the annual general meeting on May 28, 2010 that no
dividend be paid out on account of the negative performance of the company
in 2009. The previously announced provisional figures for fiscal 2009 were
also confirmed. According to these figures, HOMAG Group generated sales
revenue of EUR 524 million (prior year: EUR 856 million) and order intake
of EUR 413 million (prior year: EUR 618 million). EBITDA came to EUR 15.6
million (prior year: EUR 95.0 million) before the employee profit
participation and before extraordinary expenses for restructuring / one-off
expenses, with a net loss after minority interests of EUR -20.7 million
(prior year: net profit of EUR 31.9 million).
HOMAG Group reports a much more positive trend in order intake than in the
previous year for the first two months of 2010. The management board
therefore anticipates a further improvement of more than 10 percent in the
orders for the first quarter of 2010 in comparison to the already highly
positive fourth quarter of 2009 (order intake: EUR 131 million).
Background information
With its 16 specialized production companies worldwide, 20 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
and wood materials 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(at)homag-group.com
www.homag-group.com
23.03.2010 14:28 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: Homag Group AG
Homagstr. 3-5
72296 Schopfloch
Deutschland
Phone: +49 (0)7443 / 13 - 0
Fax: +49 (0)7443 / 13 - 2300
E-mail: info(at)homag-group.de
Internet: www.homag-group.de
ISIN: DE0005297204
WKN: 529720
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Hannover, Düsseldorf, Stuttgart, Hamburg
End of News DGAP News-Service
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Datum: 23.03.2010 - 09:28 Uhr
Sprache: Deutsch
News-ID 1011785
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