DGAP-News: H&R AG proposes dividend payout of EURO 0.60 per share
(firmenpresse) - DGAP-News: H&R AG / Key word(s): Final Results/Dividend
H&R AG proposes dividend payout of EURO 0.60 per share
30.03.2012 / 06:59
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Press release
H&R AG proposes dividend payout of EURO 0.60 per share
Salzbergen, Germany, 30 March 2012. The Supervisory Board of H&R AG has
approved the audited consolidated financial statements, which confirms
practically all of the preliminary figures from 17 February 2012. In the
2011 financial year H&R AG generated record revenue of EURO 1,209.5 million
(previous year: EURO 1,056.8 million). Its operating result (EBITDA) fell
to EURO 89.1 million, down from the exceptional 2010 figure of EURO 103.4
million. EBIT dropped by 17.0% to EURO 68.1 million (previous year: EURO
82.0 million). Consolidated net income for the year (after minority
interests) declined by 26.0% to EURO 38.5 million following the previous
year's level of EURO 52.0 million.
In view of these strong earnings, the Executive Board and Supervisory Board
propose to pay another high dividend of EURO 0.60 per ordinary share for
the 2011 financial year (2010: EURO 0.65). Based on the H&R share price of
EURO 16.55 at year-end 2011, this represents a dividend yield of around
3.6%. 'In the years ahead we plan to keep giving our shareholders an
appropriate share of the company's earnings and to pay attractive
dividends,' said Chief Financial Officer Luis Rauch.
Against the backdrop of continuing uncertainty regarding future economic
developments, the forecast for the current financial year is cautiously
optimistic. 'In January and February, sales volumes of our
chemical-pharmaceutical speciality products remained at a stable level.
That being said, the steep increases in raw materials prices are putting a
strain on margins, meaning that we are compelled to increase our product
prices further,' said Niels H. Hansen, Chief Executive Officer of H&R AG.
More detailed information concerning the current development can be found
in the 2011 annual report online at www.hur.com.
Upcoming dates:
14 May 2012 Publication of the report for the 1st quarter of 2012
31 May 2012 Annual Shareholders' Meeting in Hamburg
14 August 2012 Publication of the report for the 2nd quarter of 2012
14 November 2012 Publication of the report for the 3rd quarter of 2012
Contact:
H&R AG, Investor Relations/Communications, Christian Pokropp
Neuenkirchener Strasse 8, 48499 Salzbergen, Germany
Phone: +49 (0) 40 43218-321, Fax: +49 (0) 40 43218-390
Email: Christian.Pokropp(at)hur.com
www.hur.com
H&R AG:
H&R AG is an SDAX listed specialist chemicals company. It develops and
manufactures crude oil-based chemical and pharmaceutical products and
high-precision plastic parts.
Forward-looking statements and forecasts:
This press release contains forward-looking statements. These statements
are based on current estimates and forecasts made by the Executive Board
and the information available to the Board at this time. Forward-looking
statements should not be interpreted as guarantees that the projected
future developments and results will materialise. Future developments and
results are dependent on a range of factors. They comprise various risks
and imponderables and rest on assumptions which may prove incorrect. We do
not accept any obligation to update the forward-looking statements made in
this press release.
End of Corporate News
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30.03.2012 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,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: H&R AG
Neuenkirchener Str. 8
48499 Salzbergen
Germany
Phone: +49 (0)40 43 218 321
Fax: +49 (0)40 43 218 390
E-mail: investor.relations(at)hur.com
Internet: www.hur.com
ISIN: DE0007757007
WKN: 775700
Indices: SDAX
Listed: Regulierter Markt in Düsseldorf, Frankfurt (Prime
Standard), Hamburg; Freiverkehr in Berlin, Hannover,
München, Stuttgart
End of News DGAP News-Service
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162788 30.03.2012
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