DGAP-News
Hamburger Hafen und Logistik AG: HHLA Distributes Dividends Totalling EUR 36.4 Million to Shareholders of the Port Logistics Subgroup for the 2014 Financial Year
DGAP-News: Hamburger Hafen und Logistik AG / Key word(s): AGM/EGM
Hamburger Hafen und Logistik AG: HHLA Distributes Dividends Totalling
EUR 36.4 Million to Shareholders of the Port Logistics Subgroup for
the 2014 Financial Year
11.06.2015 / 22:18
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Hamburg, 11 June 2015
Annual General Meeting 2015
HHLA Distributes Dividends Totalling EUR 36.4 Million to Shareholders of
the Port Logistics Subgroup for the 2014 Financial Year
The Annual General Meeting of Hamburger Hafen und Logistik AG (HHLA) today
resolved to distribute a dividend of EUR 0.52 per listed Class A share.
This corresponds to a dividend payout ratio of 69.7 percent. The Executive
and Supervisory Boards' dividend proposal was ratified by 99.97 percent of
the votes cast.
In his speech at the Annual General Meeting, Klaus-Dieter Peters - Chairman
of HHLA's Executive Board - emphasised that: "2014 was a successful year
for HHLA. We were able to improve both our revenue and our operating result
considerably. We set a new record for container throughput at the Port of
Hamburg and saw very pleasing growth in container transport by our
intermodal companies. This is all the more remarkable given that we once
again faced a challenging operating environment. These results also confirm
our vertical growth strategy, which benefits both our intermodal companies
and quayside container handling."
The shareholders endorsed the Executive and Supervisory Boards' proposal
and today agreed to a dividend of EUR 0.52 per listed Class A share for the
2014 financial year. The dividend for the Port Logistics subgroup is
therefore EUR 0.07 higher than the previous year's figure of EUR 0.45 per
Class A share. This represents an increase of approximately 16 percent. The
dividend payout ratio is equivalent to 69.7 percent of the net profit for
the year after minority interests. Distributing a large proportion -
between 50 and 70 percent - of the Group's distributable net profit to
shareholders remains a cornerstone of the company's dividend policy. HHLA
is distributing a total of EUR 36.4 million to holders of its
dividend-entitled Class A shares.
The Annual General Meeting also resolved to distribute EUR 1.50 per Class S
share for the unlisted Real Estate subgroup. This is equivalent to a
Hamburg, 11 June 2015
Annual General Meeting 2015
HHLA Distributes Dividends Totalling EUR 36.4 Million to Shareholders of
the Port Logistics Subgroup for the 2014 Financial Year
The Annual General Meeting of Hamburger Hafen und Logistik AG (HHLA) today
resolved to distribute a dividend of EUR 0.52 per listed Class A share.
This corresponds to a dividend payout ratio of 69.7 percent. The Executive
and Supervisory Boards' dividend proposal was ratified by 99.97 percent of
the votes cast.
In his speech at the Annual General Meeting, Klaus-Dieter Peters - Chairman
of HHLA's Executive Board - emphasised that: "2014 was a successful year
for HHLA. We were able to improve both our revenue and our operating result
considerably. We set a new record for container throughput at the Port of
Hamburg and saw very pleasing growth in container transport by our
intermodal companies. This is all the more remarkable given that we once
again faced a challenging operating environment. These results also confirm
our vertical growth strategy, which benefits both our intermodal companies
and quayside container handling."
The shareholders endorsed the Executive and Supervisory Boards' proposal
and today agreed to a dividend of EUR 0.52 per listed Class A share for the
2014 financial year. The dividend for the Port Logistics subgroup is
therefore EUR 0.07 higher than the previous year's figure of EUR 0.45 per
Class A share. This represents an increase of approximately 16 percent. The
dividend payout ratio is equivalent to 69.7 percent of the net profit for
the year after minority interests. Distributing a large proportion -
between 50 and 70 percent - of the Group's distributable net profit to
shareholders remains a cornerstone of the company's dividend policy. HHLA
is distributing a total of EUR 36.4 million to holders of its
dividend-entitled Class A shares.
The Annual General Meeting also resolved to distribute EUR 1.50 per Class S
share for the unlisted Real Estate subgroup. This is equivalent to a
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