Rella Holding A/S: Financial Summary 2011

 | Quelle: Rella Holding A/S Rella Holding A/S

Announcement No. 9/2012                                                                                                                             

 

Copenhagen, 23 March 2012

 

NASDAQ OMX Copenhagen A/S

Nikolaj Plads 6

DK-1007 København K

 

Financial Summary 2011 for Rella Holding A/S

Rella Holding A/S’ Board of Directors have today discussed and approved the Company’s Annual Report for 2011.

 

Highlights

  • Dividends from Aller Holding A/S (for the accounting year 2009/10) DKK 49.5m (2010: DKK 25.8m).
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  • Net financial expenses DKK 5.4m (2010: DKK 4.8m) and administrative expenses DKK 1.1m (2010: DKK 1.2m).
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  • Net profit after tax DKK 43.0 m (2010: DKK 19.8m), which is approximately DKK 1m better than expected in the 2010 Annual Report.
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  • Proposed dividends DKK 0 (2010: DKK 0).
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  • During the accounting year, Rella Holding A/S purchased 1,306,573 treasury shares representing a total investment of DKK 49.7m (average purchase price: DKK 38.0 per share). In 2012, additional 274,093 own shares were bought. As of today, the total holding of treasury shares amounts to 1,291,064. 
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  • At the Annual General Meeting on 26 April 2012, it will be proposed that 1,200,000 treasury shares be cancelled together with a corresponding reduction of the share capital. The Company’s share capital will hereafter amount to nominal value DKK 23.5m.
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  • The share repurchases will be continued to an extent allowed by the general economic environment and Rella Holding A/S’ financing costs.
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  • Total equity at year-end 2011 DKK 409m (year-end 2010: DKK 416m).
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  • Total debt at year-end 2011 DKK 132m (year-end 2010: DKK 124m). 98% of the total debt at year-end 2011 was long term.
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  • Solvency ratio at year-end 2011 76% (year-end 2010: 77%).
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  • During 2011, the holding of B-shares in Aller Holding A/S was increased by nominal value DKK 15,000 and now amounts to nominal value DKK 9,327,000 or 58.2% of Aller Holding A/S’ outstanding shares as at 30.9.2011. In Rella Holding A/S’ balance sheet at year-end 2011, the holding is carried at historical cost price, DKK 541m (year-end 2010: DKK 540m).
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  • For 2012, Rella Holding A/S is expecting a net profit of approximately DKK 32m (dividends received from Aller Holding A/S minus Rella Holding A/S’ own net financial expenses and administration costs).

Kind regards,

Rella Holding A/S

 

Contact: Jens Arnth-Jensen, CEO. Telephone: +45 4542 4517. Mobile: +45 2849 1948.

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