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    DGAP-Adhoc  407  0 Kommentare Vtion Wireless Technology AG changes dividend policy


    Vtion Wireless Technology AG / Key word(s): Dividend

    23.04.2015 11:25

    Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
    by DGAP - a service of EQS Group AG.
    The issuer is solely responsible for the content of this announcement.

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    Vtion Wireless Technology AG changes dividend policy

    Frankfurt, April 23, 2015. The Management Board and the Supervisory Board
    of Vtion Wireless Technology AG (Vtion), jointly decided today that they
    will not propose a dividend payment for the year 2014 to the Annual General
    Meeting. In the last three years Vtion had issued 15 per cent of the
    previous year's group net profit as a dividend payment to the shareholders.

    The reason for this decision lies in the company's declining operating
    results and the fact that the company expects its operational difficulties
    to continue in the near term. In line with the preliminary results
    published on January 30, 2015, Vtion generated revenues of 46.3 million
    Euros in 2014 (2013: 60.0 million Euros), while EBIT amounted to 3.2
    million Euros (2013: 5.0 million Euros). This represents an EBIT margin of
    7%, largely consistent with a margin of 8% in 2013. Net profit was 2.8
    million Euros (2013: 4.4 million Euros) and net cash from operations
    amounted to 4.7 million Euros (2013: 11.0 million Euros).

    The Annual General Meeting of Vtion will be held on June 25, 2015. The
    company will publish its full annual report 2014 on April 28, 2015.


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    Information and Explaination of the Issuer to this News:

    For further information, please contact:

    Kirchhoff Consult AG
    Andreas Friedemann, phone: +49 40 60 91 86 50,
    andreas.friedemann@kirchhoff.de
    or visit the company website at: www.vtion.de

    Disclaimer concerning prognoses
    Certain statements in this communication contain formulations or terms
    referring to the future or future developments, as well as negations of
    such formulations or terms, or similar terminology. These are described as
    forward-looking statements. In addition, all information in this
    communication regarding planned or future results of business segments,
    financial classification numbers, developments of the financial situation,
    or other financial or statistical data contains such forward-looking
    statements. The company cautions prospective investors not to rely on such
    forward-looking statements as certain prognoses of actual future events and
    developments. The company is neither responsible nor liable for these
    forward-looking statements. It is not responsible for updating such
    information, which only represents the state of affairs on the day of
    publication.

    23.04.2015 The DGAP Distribution Services include Regulatory Announcements,
    Financial/Corporate News and Press Releases.
    Media archive at www.dgap-medientreff.de and www.dgap.de

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    Language: English
    Company: Vtion Wireless Technology AG
    Westhafenplatz 1 (Westfalen Tower)
    60327 Frankfurt
    Germany
    Phone: +49 69 710 456 245
    Fax: +49 69 710 456 248
    E-mail: ir@vtion.de,Janina.schumann@kirchhoff.de
    Internet: www.vtion.de
    ISIN: DE000CHEN993
    WKN: CHEN99
    Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
    Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
    Stuttgart

    End of Announcement DGAP News-Service

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    DGAP-Adhoc Vtion Wireless Technology AG changes dividend policy Vtion Wireless Technology AG / Key word(s): Dividend 23.04.2015 11:25 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this …