euro adhoc: Binder+Co Aktiengesellschaft
Annual & Special Corporate Meetings /
Annual general meeting agrees dividend of 48 cents per share and stock option
programme
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
26.03.2008
Operating profit improved by 25% in 2007
Gleisdorf / Vienna, March 26, 2008
As expected, at today´s AGM, the Binder+Co AG shareholders approved the annual financial statements presented for 2007. During the past year the Gleisdorf-based processing, environmental and packaging technology specialist was once again able to achieve dynamic development in all areas. Sales were up by 25.2% at EUR 53.4 million, while EBIT was improved by 25.7% to EUR 4.9 million. At EUR 57.5 million, company order intake was also up 25.0% on the value for the preceding year.
Following today´s approval by the AGM, the positive result prompted Binder+Co to distribute a dividend of 48 cents per share to shareholders. This represents a payout ratio of around 50%. Furthermore, the AGM authorised the company´s acquisition of up to 10% of its own shares over a period of no more than 30 months. The acquired shares will be offered for acquisition to all employees, including all Management Board members, in the course of a stock option programme.
Member of the Board, Karl Grabner, "This dividend and the agreed stock option programme serve to underline our sustained success course and commitment to providing our stockholders with a commensurate share of the benefits."
end of announcement euro adhoc
Further inquiry note:
Karl Grabner
Phone: +43 (0) 3112/800-363
Branche: Machine Manufacturing
ISIN: AT000BINDER3
WKN:
Index: mid market
Börsen: Wiener Börse AG / Regulated free trade