DGAP-Adhoc: Praktiker Bau- und Heimwerkermärkte Holding AG: Dividend of euro 0.10 per share proposed for 2008 / Result impacted by depreciation of deferred taxes

Praktiker Bau- und Heimwerkermärkte Holding AG / Dividend/Final Results

02.03.2009 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Ad-hoc Announcement pursuant to § 15 WpHG  

Dividend of euro 0.10 per share proposed for 2008 / Result impacted by
depreciation of deferred taxes

Praktiker Bau- und Heimwerkermärkte Holding AG
Am Tannenwald 2
66459 Kirkel
ISIN: DE000A0F6MD5
WKN: A0F6MD

Kirkel, 2 March 2009 - According to the still preliminary financial data,
the Praktiker Group achieved EBITA in the amount of euro 129.1 million in
fiscal 2008. This is euro 13.1 million or 11.3 percent more than in the
previous year. As the drastic devaluation of the East European currencies
at year end led to high, albeit non-cash, expenditures in the financial
results, earnings before taxes fell short of the prior-year level, reaching
euro 79.8 million (previous year: euro 93.5 million). Moreover, based on an
impairment test of all assets, deferred tax assets were depreciated in the
total amount of euro 53.9 million. Euro 50.0 million of this depreciation
relates to deferred tax assets on tax loss carry forwards in Germany. On
account of the insecurity caused by the financial crisis, a higher risk
markdown was applied to expected future earnings. The net income of the
Praktiker Group will reach euro 7.1 million according to the still
preliminary figures (previous year: euro 23.7 million).

In view of the current general economic crisis, the Management Board of
Praktiker Bau- und Heimwerkermärkte Holding AG has agreed on proposing to
the Supervisory Board to retain the major part of earnings and to
distribute a dividend of euro 0.10 per share for the financial year 2008.

Supplementary information on the shares:

ISIN: DE000A0F6MD5
WKN: A0F6MD
Quotation: Official Market / Prime Standard; Frankfurt Stock Exchange

IR Contact:

Praktiker Bau- und Heimwerkermärkte Holding AG
Dr. Rolf-Dieter Grass
Am Tannenwald 2
D - 66459 Kirkel
Phone: 06849 / 95 3700
Fax:     06849 / 95 3709
Email: investorrelations@Praktiker.de

- End of announcement - 
DGAP 02.03.2009 
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Language:     English
Issuer:       Praktiker Bau- und Heimwerkermärkte Holding AG
              Am Tannenwald 2
              66459 Kirkel
              Deutschland
Phone:        +49 (0)6849 95-00
Fax:          +49 (0)6849 95-2285
E-mail:       investorrelations@praktiker.de
Internet:     www.praktiker.com
ISIN:         DE000A0F6MD5
WKN:          A0F6MD
Indices:      MDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Hamburg, Düsseldorf, München, Stuttgart
End of News                                     DGAP News-Service
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