DGAP-Adhoc: WashTec AG announces dividend proposal for fiscal year 2013 and plans efficiency program

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| Source: EQS Group AG
WashTec AG  / Key word(s): Dividend

27.03.2014 21:12

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Management board and supervisory board have resolved in connection with the
approval of the annual accounts to recommend this year's annual general
meeting a dividend of EUR 0.64 per share [total amount of approx. EUR 8.9m]
with total earnings per share 2013 of EUR 0.80. The dividend is composed of
a distribution in the amount of EUR 0.32 per share (corresponding to
approx. 40% of the net result) plus a special dividend in the same amount.
Background for the special dividend is WashTec's low EBITDA-gearing ratio
and the solid equity financing. 68.8% of the distribution will be made from
the so-called "capital contribution account for tax purposes" [steuerliches
Einlagenkonto].

Furthermore, management board and supervisory board agreed that efficiency
measures will be developed and implemented which shall improve the EBIT
margin to 8% from 2016 if the market environment remains stable. One-off
costs are estimated to total up to EUR3.0m.

This year's annual general meeting is scheduled for June 4, 2014.


Contact:
WashTec AG
Argonstrasse 7
86153 Augsburg

Tel.: +49 (0)821 - 55 84 - 0
Fax: +49 (0)821 - 55 84 - 1135


27.03.2014 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      WashTec AG
              Argonstraße 7
              86153 Augsburg
              Germany
Phone:        +49 (0)821 55 84-0
Fax:          +49 (0)821 55 84-1135
E-mail:       washtec@washtec.de
Internet:     www.washtec.de
ISIN:         DE0007507501
WKN:          750750
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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