init innovation in traffic systems AG
EANS-Adhoc: init innovation in traffic systems AG
init to increase dividend
for the sixth time in a row
-------------------------------------------------------------------------------- ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- appropriation of profits 08.03.2012 Karlsruhe, 8 March 2012. In view of its record profit in 2011, init innovation in traffic systems AG (ISIN DE 0005759807) plans to increase the dividend to EUR 0.80 (2010: a total of EUR 0.60). Today, the Managing Board decided to submit a proposal for appropriation of profits to the Annual General Meeting on 16 May 2012 and submitted this proposal to the Supervisory Board. In 2011, init innovation in traffic systems AG generated consolidated earnings of EUR 15.1 million (2010: EUR 10 million). This means earnings per share of EUR 1.51 Euro (2010: EUR 1.00). As the company disposes of an excellent cash position, the Managing Board considers a higher dividend to be appropriate. Further inquiry note: Sebastian Brunner Communications+consulting Mobile: +49 175 5604673 fsbrunner@aol.com end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: init innovation in traffic systems AG Käppelestraße 6 D-76131 Karlsruhe phone: +49(0)721 6100-0 FAX: +49(0)721 6100-399 mail: info@initag.de WWW: http://www.initag.de sector: Semiconductors & active components ISIN: DE0005759807 indexes: CDAX, Prime All Share, Technology All Share stockmarkets: free trade: Hannover, Berlin, München, Hamburg, Düsseldorf, Stuttgart, regulated dealing/prime standard: Frankfurt language: English