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 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 --------------------------------------------------------------------------- Language: English Company: WashTec AG ArgonstraÃe 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 ---------------------------------------------------------------------------
DGAP-Adhoc: WashTec AG announces dividend proposal for fiscal year 2013 and plans efficiency program
| Source: EQS Group AG