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SEMPERIT AG HOLDING: DIVIDEND INCREASE PROPOSED FOR 2010
- Preliminary results confirmed – Dividend proposal to the Annual General Meeting: Increase to EUR 1.25 per share – Longstanding CEO Rainer Zellner leaves the Management Board
Vienna, March 22, 2011 – The Semperit Group confirms the figures announced on February 17, 2011 for the 2010 financial year. Record results could be achieved with respect to revenue as well as the key earnings indicators.
* Proposal to the Annual General Meeting
Based on a considerably improved order situation, the related higher sales volumes as well as necessary selling price rises, total revenue of the Semperit Group climbed 17.2% in the 2010 financial year, to EUR 689.4 million. At the same time, Semperit succeeded in increasing the operating profit (EBIT) by 18.3% to EUR 82.3 million. On balance, earnings after tax of the Semperit Group were up 16.9%, to EUR 45.4 million.
In 2010, the Semperit Group invested a total of EUR 60.0 million. The investments were predominantly for capacity expansion at Sempermed and Sempertrans. The other divisions mainly focused on carrying out rationalisation and modernization projects. Thus Semperit laid the industrial foundation for further growth of the Group.
Due to the satisfactory profit the Management Board will propose a dividend increase to EUR 1.25 per share to the Annual General Meeting for the 2010 financial year (previous year: EUR 1.15 per share).
On the day of the Annual General Meeting the longstanding Chief Executive Officer Rainer Zellner will leave the Management Board. He will be succeeded by Thomas Fahnemann, who has served as Deputy Chairman of the Management Board since December 1, 2010.
Semperit also anticipates a satisfactory business development driven by all divisions in 2011. However due to the further increases in raw material prices, the quick adjustment of selling prices and other measures designed to reduce costs will be decisive success factors in 2011.
The annual report and the annual financial statements are available for download immediately at www.semperit.at. The Annual General Meeting of Semperit AG Holding will take place on April 14, 2011.
Further inquiry note:
Semperit AG Holding
Head of Finance
Tel.: +43 (1) 79 777-301
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