EANS-News: Progress-Werk Oberkirch AG PWO agrees on dividend proposal for
fiscal year 2011
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Dividend Announcements/Distribution/dividend proposal
Oberkirch (euro adhoc) - PWO agrees on dividend proposal for fiscal year 2011
Oberkirch, March 27, 2012 - As already reported by Progress-Werk Oberkirch AG on
March 14, 2012, the Company has completed a successful fiscal year 2011. An
increase in Group revenue of 25.3 percent to EUR 331.1 million (p/y: EUR 264.2
million) resulted in a disproportional increase in net income for the period and
earnings per share of around 40 percent to EUR 9.0 million (p/y: EUR 6.5
million) and EUR 3.61 per share (p/y: EUR 2.58), respectively.
The company expects this positive business development to continue in the
future. Therefore, today the Management Board and the Supervisory Board have
decided to propose to the Annual General Meeting on May 24, 2012 to increase the
dividend to EUR 1.40 per share (p/y: EUR 1.00). This underlines the PWO shares´
claim as a high-yield equity investment.
Progress-Werk Oberkirch AG
The Management Board
PWO company profile
PWO is one of the world's leading suppliers of advanced metal components for
automobile safety and comfort. The company has developed unique knowledge in the
forming and joining of metals over the course of its over 90-year history since
it was founded in 1919. The German location at Oberkirch today employs around
1,400 staff members including temporary workers. The Group is globally
represented with further sites in Canada, the Czech Republic, China and Mexico
employs around 2,600 staff around the world including temporary workers.
PW0 is a partner to the global automotive industry for the development and
production of innovative products in the areas of "Mechanical components for
electrical and electronic applications", "Safety components for airbags, seats
and steering" and "Components and systems for vehicle bodies and chassis".
Further inquiry note:
Charlotte Frenzel
Tel.: +49 (7802) 84-844
E-Mail: ir@progress-werk.de
end of announcement euro adhoc
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company: Progress-Werk Oberkirch AG
Industriestraße 8
D-77704 Oberkirch
phone: +49(0)7802 84-0
mail: info@progress-werk.de
WWW: http://www.progress-werk.de
sector: Automotive Equipment
ISIN: DE0006968001
indexes:
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
regulated dealing/prime standard: Frankfurt
language: English