At today’s annual general meeting of HOMAG Group AG, the shareholders present agreed to the proposal by the management and supervisory boards to distribute a dividend for fiscal 2010 of EUR 0.30. This marked the return to dividend payments after last year’s interruption on account of the difficult business conditions in 2009. The annual general meeting agreed to the proposed dividend and the other items of the agenda with a clear majority of over 98 percent in each case. Overall, around 260 shareholders attended the annual general meeting in Freudenstadt, representing 73 percent of capital stock.
In his speech, CEO Rolf Knoll looked back at the successful fiscal year 2010 in which the HOMAG Group made a fast and sustainable recovery from the economic crisis. He also reported on the good first quarter of 2011 and confirmed the forecasts to date for the current year, which project further growth for the HOMAG Group and a significantly higher net profit compared to 2010. Rolf Knoll also reconfirmed the sales revenue target to match the pre-crisis levels of 2007 and 2008 from 2013 onwards.
Disclaimer
This press release contains certain statements relating to the future. Future-oriented statements are all those statements that do not pertain to historical facts and events or expressions pertaining to the future such as “believes”, “estimates”, “assumes”, “forecasts”, “intend”, “may”, “will”, “should” or similar expressions. Such future-oriented statements are subject to risks and uncertainty since they relate to future events and are based on current assumptions of the company, which may not occur in the future or may not occur in the anticipated form. The company points out that such future-oriented statements do not guarantee the future; actual results including the financial position and the profitability of the HOMAG Group as well as the development of economic and regulatory framework conditions may deviate significantly (and prove unfavorable) from what is expressly or implicitly assumed or described in these statements. Even if the actual results of the HOMAG Group including the financial position and profitability as well as the economic and regulatory framework conditions should coincide with the future-oriented statements in this press release, it cannot be guaranteed that the same will hold true in the future.