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

| 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.


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

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.

WashTec AG
Argonstrasse 7
86153 Augsburg

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

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Language:     English
Company:      WashTec AG
              Argonstraße 7
              86153 Augsburg
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