IBS AG excellence, collaboration, manufacturing
EANS-News: IBS AG excellence, collaboration, manufacturing
Press Release - IBS
AG Annual General Meeting 2011
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Annual & Special Corporate Meetings Hoehr-Grenzhausen (euro adhoc) - IBS AG excellence, collaboration, manufacturing: Press Release - IBS AG Annual General Meeting 2011 Shareholders approved all administrative applications with a clear majority Turnover and EBIT forecast reaffirmed for 2011 Dividend payout for the 2010 financial year set at 0.15 EUR Hoehr-Grenzhausen, 27th June 2011 - IBS shareholders invariably approved each of the Company´s administrative applications at the 11th Annual General Meeting, held on 24th June 2011. IBS is the leading supplier of quality and production management solutions. Approximately 61.61 per cent of IBS AG´s overall capital was represented at the shareholder meeting. IBS stakeholders approved the actions of both the Board of Management and the Supervisory Board and expressed their satisfaction at the work carried out by the Company´s administrative bodies. IBS has opted for a total dividend payout of 0.99 million EUR to its shareholders, from the Group´s balance sheet profits of 4.33 million EUR, generated during the 2010 financial year. The dividend payout per Share carrying dividend entitlement was 0.15 EUR. The sum of 3.34 million EUR is to be carried forward. The dividend payout highlights the positive development of IBS AG´s order volume during the 2010 financial year and the Company´s positive prospects. The Annual General Meeting also accepted all other proposals with a large majority. The shareholders approved the profit and loss transfer agreement with IBS Business Consulting, drawn up by the IBS AG company management, with approximately 99.95 per cent. In his Board of Management report, the Company´s CEO Dr. Klaus-Juergen Schroeder highlighted the further expansion of the Company´s technological leadership in integrated quality, production and energy management solutions. In order to remain competitive in the face of global economic growth, the Company shall be focusing on the development of the Chinese market throughout the current financial year. This will be carried out by its subsidiary IBS Industrial Business Software (Shanghai) Ltd. IBS AG has identified its future to lie in the expansion of its international presence. Dr. Schroeder expressed his confidence in the Company´s growth in turnover reaching double figures during the 2011 financial year. The Board of Management presentation to the 2011 Annual General Meeting and the voting results can be found on the Company´s Web site www.ibs-ag.de. About IBS AG IBS AG is a leading supplier of cross-company standard software systems and consulting services for industrial quality, production, traceability and compliance management. In keeping with the corporate philosophy "The Productivity Advantage", IBS AG's Best Practice solutions contribute to a sustainable boost in corporate productivity. IBS customers receive the support of a team of experienced consultants and specialists throughout each phase of the project and beyond. IBS AG, founded in 1982, today employs approximately 200 personnel in Europe, the USA and China. The Company is listed in the Prime Standard of the German Stock Exchange in Frankfurt/Main (ISIN DE0006228406) and is also member of the GEX-German Entrepreneurial Index. IBS AG software installations amount to over 4,000 worldwide and can be found at companies such as Audi, Beam Global, BMW, BorgWarner, BOSCH, Caterpillar, Daimler, Electronic Networks, FCI Automotive, Goodyear, Kimberly Clark, KEIPER, Liebherr, Magna Automotive, Kautex Textron, Parker Hannifin, Procter & Gamble, Rock Tenn, Porsche, Siemens, SMA Solar Technology, ThyssenKrupp and W.L. Gore. In case of query: IBS AG Investor Relations, c/o MLC Finance GmbH, Susan Hoffmeister, Tel.: +49 (0)89 - 89827227, E-mail: investorrelations@ibs-ag.de Further inquiry note: IBS AG Investor Relations, c/o MLC Finance GmbH, Susan Hoffmeister, Tel.: +49 (0)89 - 89827227, E-mail: investorrelations@ibs-ag.de end of announcement euro adhoc -------------------------------------------------------------------------------- company: IBS AG excellence, collaboration, manufacturing Rathausstrasse 56 D-56203 Hoehr-Grenzhausen phone: +49(0)2624 9180-424 FAX: +49(0)2624 9180-966 mail: investorrelations@ibs-ag.de WWW: http://www.ibs-ag.de sector: Software ISIN: DE0006228406 indexes: CDAX stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin, Hamburg, Stuttgart, Düsseldorf, München language: English