EANS-News: Pfeiffer Vacuum Technology AG
Harmonious Pfeiffer Vacuum Annual
Shareholders Meeting in Wetzlar
2.90 dividend pleases shareholders Supervisory Board confirmed in office Sales revenue guidance for 2011 reiterated
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Annual & Special Corporate Meetings/Dividend Announcements/Distribution
Subtitle:
2.90 dividend pleases shareholders
Supervisory Board confirmed in office
Sales revenue guidance for 2011 reiteratedAßlar (euro adhoc) - The Annual Shareholders Meeting of Pfeiffer Vacuum AG was held today at the Stadthalle in Wetzlar with an outstanding presence level of 48.02 percent and some 400 shareholders in attendance. Supervisory Board Chairman Dr. Michael Oltmanns chaired an harmonious Annual Shareholders Meeting at which the focus was on the company´s most recent acquisition. And following his presentation on the past fiscal year, Chief Executive Officer Manfred Bender spent a great deal of time commenting on the current status of the integration of the company´s new subsidiaries. At the end of last year, Pfeiffer Vacuum had acquired its former competitor adixen from the Alcatel Lucent group.
By a sweeping majority, the shareholders voted for the distribution of retained earnings proposed by the Management and Supervisory Boards, calling for a dividend of EUR 2.90 per share. The shareholders were pleased that the company had again enabled a high dividend to be paid, in spite of its acquisition activities. As in the preceding years, some 75 percent of net income as presented in the Annual Financial Statements will be distributed on May 27, 2011.
The actions of the Management and Supervisory Boards were ratified by over 99 percent of the votes cast. The Supervisory Board election confirmed the existing members in office. At its Annual Shareholders Meeting, Pfeiffer Vacuum traditionally announces its guidance for the development of business in the full fiscal year. In doing so, the company reiterated the sales revenue forecast it had issued in early May, calling for around EUR 550 million for the full fiscal year. The Management Board anticipates that the EBIT margin will stand at around 15 percent.
Chief Executive Officer Manfred Bender notes: "Together with adixen, Pfeiffer Vacuum got off to a brilliant start in the current fiscal year. Even during the initial weeks of our merger, we were earning double-digit EBIT margins at an industry-leading level. And we believe that we can raise this metric even more. Overall, I view the future with pronounced confidence." Bender adds: "We are right in the midst of the integration process. The major steps, such as the consolidation of our sales and marketing companies, will be initiated or already concluded by year-end 2011. This puts us well on our way toward becoming the Number One in vacuum business. Nor are we looking at size alone. The company´s profitability will continue to play a major role."
Manfred Bender´s presentation plus detailed information relating to the results of the voting are available at www.pfeiffer-vacuum.de/shareholders_meeting.
About Pfeiffer Vacuum Pfeiffer Vacuum (Stock Exchange symbol PFV, ISIN DE0006916604) is a leading supplier of vacuum solutions worldwide. Besides a full range of hybrid and magnetic bearing turbo pumps, our portfolio includes backing pumps, measurement and analysis tools and components as well as vacuum chambers and systems. Since introducing the turbomolecular pump Pfeiffer Vacuum has been known for innovative solutions and high-tech products in the analytics sector, in research and development, environmental technology, chemistry, semiconductor production and vacuum coating technologies as well as in the automobile industry and numerous other sectors. Founded in 1890, Pfeiffer Vacuum is active all over the world today. The company employs around 2,300 staff and has 28 subsidiaries. For more information, please visit www.pfeiffer-vacuum.com
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company: Pfeiffer Vacuum Technology AG
Berliner Str. 43
D-35614 Aßlar
phone: +49 (6441) 802-0
FAX: +49 (6441) 802-202
mail: info@pfeiffer-vacuum.de
WWW: http://www.pfeiffer-vacuum.de
sector: Machine Manufacturing
ISIN: DE0006916604
indexes: TecDAX, CDAX, HDAX, Prime All Share, DAXsector All Industrial
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, Hannover, München
language: EnglishFurther inquiry note:
Brigitte Looß
Leiterin Investor Relations
Tel.: +49 (6441) 802-346
E-Mail: Brigitte.Loos[at]pfeiffer-vacuum.de
Branche: Machine Manufacturing
ISIN: DE0006916604
WKN: 691660
Index: TecDAX, CDAX, HDAX, Prime All Share, DAXsector All Industrial
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
München / free trade
Original content of: Pfeiffer Vacuum Technology AG, transmitted by news aktuell