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BAUER Aktiengesellschaft: BAUER AG's annual general meeting offers a look back at the company's 225-year history
DGAP-News: BAUER Aktiengesellschaft / Key word(s): Dividend/AGM/EGM
BAUER Aktiengesellschaft: BAUER AG's annual general meeting offers a
look back at the company's 225-year history
25.06.2015 / 14:49
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- Shareholders vote in favor of EUR 0.15 dividend per share
- Forecast confirmed: positive level of orders and numerous project
opportunities
Schrobenhausen, Germany - BAUER Aktiengesellschaft's annual general meeting
today focused not only on the financial year gone by, but also on the
company's 225 years in business. Some 400 shareholders, shareholder
representatives and guests convened at the headquarters in the Upper
Bavarian town of Schrobenhausen to learn about the activities of the
long-established company, which has been operated by the Bauer family for
seven generations. Founded in 1790 as a coppersmith's shop, the
construction and machinery manufacturing concern today has about 10,400
employees and 110 subsidiaries in approximately 70 countries around the
world.
The shareholders voted in favor of all agenda items by a large majority,
showing their overwhelming support for management team's proposals. Among
other things, they voted for a EUR 0.15 dividend per share. As a result,
the company will pay out approximately EUR 2.6 million in dividends. "We
want our shareholders to share in our profit, even though much of this
profit came from a one-time income item last year," said Prof. Thomas
Bauer, Chairman of the Management Board of BAUER AG. In the medium term, he
anticipates that the company's dividend payout ratio will be between 25 and
30 percent of its reported profit after tax.
He also confirmed the forecast for this year. The company is expecting
total Group revenues of about EUR 1.6 billion, profit after tax of about
EUR 18 to 23 million, and an EBIT of about EUR 75 million. "We had a
positive start to the current business year, order levels are good, and
we're working on other projects that hold promising opportunities for us,"
said Bauer, full of confidence.
In his presentation, Prof. Bauer reported on the business year gone by and
highlighted numerous projects that show how the company is proving its
technological expertise all around the world. "It's always a big challenge
to handle the different economic and geopolitical changes in our various
markets, but we have the flexibility and strength to weather such changes.
- Shareholders vote in favor of EUR 0.15 dividend per share
- Forecast confirmed: positive level of orders and numerous project
opportunities
Schrobenhausen, Germany - BAUER Aktiengesellschaft's annual general meeting
today focused not only on the financial year gone by, but also on the
company's 225 years in business. Some 400 shareholders, shareholder
representatives and guests convened at the headquarters in the Upper
Bavarian town of Schrobenhausen to learn about the activities of the
long-established company, which has been operated by the Bauer family for
seven generations. Founded in 1790 as a coppersmith's shop, the
construction and machinery manufacturing concern today has about 10,400
employees and 110 subsidiaries in approximately 70 countries around the
world.
The shareholders voted in favor of all agenda items by a large majority,
showing their overwhelming support for management team's proposals. Among
other things, they voted for a EUR 0.15 dividend per share. As a result,
the company will pay out approximately EUR 2.6 million in dividends. "We
want our shareholders to share in our profit, even though much of this
profit came from a one-time income item last year," said Prof. Thomas
Bauer, Chairman of the Management Board of BAUER AG. In the medium term, he
anticipates that the company's dividend payout ratio will be between 25 and
30 percent of its reported profit after tax.
He also confirmed the forecast for this year. The company is expecting
total Group revenues of about EUR 1.6 billion, profit after tax of about
EUR 18 to 23 million, and an EBIT of about EUR 75 million. "We had a
positive start to the current business year, order levels are good, and
we're working on other projects that hold promising opportunities for us,"
said Bauer, full of confidence.
In his presentation, Prof. Bauer reported on the business year gone by and
highlighted numerous projects that show how the company is proving its
technological expertise all around the world. "It's always a big challenge
to handle the different economic and geopolitical changes in our various
markets, but we have the flexibility and strength to weather such changes.
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