VTG Annual General Meeting approves dividend payment of EUR 0.35
08.06.2012
The Annual General Meeting of VTG Aktiengesellschaft today ratified the Supervisory Board and re-elected its members for another five years. Furthermore, the dividend of EUR 0.35 proposed by the Executive Board and Supervisory Board was approved.
VTG remains committed to its policy of recent years of making dividend payments so that shareholders can share in the company’s success. This year, the company will again be paying a dividend, this time its highest ever. Shareholders approved the proposal of the Executive Board of EUR 0.35 per share. This represents a rise of six percent, with a total payout of EUR 7.5 million.
The Chairman of the Supervisory Board Dr. Wilhelm Scheider, Vice Chairman Dr. Klaus-Jürgen Juhnke and the other board members Dr. Bernd Malmström, Dr. Jost A. Massenberg, Dr. Christian Olearius and Gunnar Uldall were re-elected to the Supervisory Board of VTG Aktiengesellschaft for a further term of office. Each had a clear majority of more than 97 percent. The members of the Supervisory Board have thus remained the same since April 1, 2009.
CEO Dr. Heiko Fischer gave a detailed picture of the last year and the annual financial statements: “With a lot of effort and commitment, we continued on our path of growth in 2011, balancing responsibility and consistency equally with business success. Targeted investments, a forward-looking policy of innovation, the securing of considerable additional financing and systematic cost management ultimately led to achieving revenue and profit at the end of the financial year within the upper half of the range forecast.”
The Executive Board discussed and explained the results of the first quarter with shareholder representatives. The VTG Group pushed revenue up by a total of 2.9 percent. Profit for the Group was lower than in the same period of the previous year due to integration costs and higher interest charges from the refinancing of the Group in 2011. However, the new financing structure grants VTG great flexibility within its strategy for growth along with additional liquidity.
Fischer set out the following expectations for 2012: “Given the economic conditions and the most recent economic forecasts, we expect a positive trend in business in the financial year 2012 – although with lower levels of growth than in 2011.“
VTG remains committed to its policy of recent years of making dividend payments so that shareholders can share in the company’s success. This year, the company will again be paying a dividend, this time its highest ever. Shareholders approved the proposal of the Executive Board of EUR 0.35 per share. This represents a rise of six percent, with a total payout of EUR 7.5 million.
The Chairman of the Supervisory Board Dr. Wilhelm Scheider, Vice Chairman Dr. Klaus-Jürgen Juhnke and the other board members Dr. Bernd Malmström, Dr. Jost A. Massenberg, Dr. Christian Olearius and Gunnar Uldall were re-elected to the Supervisory Board of VTG Aktiengesellschaft for a further term of office. Each had a clear majority of more than 97 percent. The members of the Supervisory Board have thus remained the same since April 1, 2009.
CEO Dr. Heiko Fischer gave a detailed picture of the last year and the annual financial statements: “With a lot of effort and commitment, we continued on our path of growth in 2011, balancing responsibility and consistency equally with business success. Targeted investments, a forward-looking policy of innovation, the securing of considerable additional financing and systematic cost management ultimately led to achieving revenue and profit at the end of the financial year within the upper half of the range forecast.”
The Executive Board discussed and explained the results of the first quarter with shareholder representatives. The VTG Group pushed revenue up by a total of 2.9 percent. Profit for the Group was lower than in the same period of the previous year due to integration costs and higher interest charges from the refinancing of the Group in 2011. However, the new financing structure grants VTG great flexibility within its strategy for growth along with additional liquidity.
Fischer set out the following expectations for 2012: “Given the economic conditions and the most recent economic forecasts, we expect a positive trend in business in the financial year 2012 – although with lower levels of growth than in 2011.“
