AUGSBURG, Germany, March 18, 2003 (PRIMEZONE) -- BOWE SYSTEC AG (Other OTC:BOEWF)(WKN 523 970), Augsburg, one of the world's leading manufacturers of high-performance inserting systems and associated services, has shown a satisfying development of the group in the financial year just passed.
With sales of Euro 204.6 million the BOWE SYSTEC Group met its sales forecast most recently announced on December 4, 2002 at the German Mid Cap Conference. The anticipated result of Euro 12.3 million was clearly exceeded, the final figure being Euro 14.0 million, which however is below the result of 2001 of Euro 15.3 million.
A meeting of the Supervisory Board of BOWE SYSTEC AG on 17 March 2003 approved the proposal of the Board of Directors to increase the dividend by Euro 0.05 to Euro 1.25 per share at the Annual General Meeting to be held on May 23, 2003.
The complete annual report for 2002 will be presented by the Board of Directors at the press conference on financial statements to be held on April 14, 2003 from 10.00 hrs in Munich.
In the context of the new segmentation of the equity market of the Frankfurt Stock Exchange by Deutsche Borse AG BOWE SYSTEC AG was admitted to the Prime Standard segment. At the same time the BOWE SYSTEC share will be included in the SDAX index right from the beginning of the new index model.
BOWE SYSTEC AG
The Board of Directors
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