EANS-News: Progress-Werk Oberkirch AG
PWO agrees on dividend proposal for
fiscal year 2011
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 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
Original-Content von: Progress-Werk Oberkirch AG, übermittelt durch news aktuell