Salzbergen, 30 March 2011. The Supervisory Board of H&R WASAG AG has approved the audited consolidated financial statements, which almost completely confirm the provi-sional figures of 18 February. According to these, H&R WASAG AG generated a new record operating profit in the 2010 fiscal year (EBITDA) of EUR 103.4 million (previous year: EUR 65.6 million).The EBIT rose by 83.4% to EUR 82.0 million (previous year: EUR 44.7 million). The consolidated surplus of the shareholders more than doubled to EUR 52.0 million (previous year: EUR 25.0 million).
The shareholders of H&R WASAG AG should participate appropriately in this positive de-velopment. For this reason, the Executive Board and Supervisory Board have decided to propose an increased dividend per share of EUR 0.65 (previous year: EUR 0.45) to the Shareholders' Meeting on 31 May 2011. Based upon the year-end closing price 2010 of EUR 21.05, this corresponds to a dividend yield of 3.1%.
The outlook for the current fiscal year remains positive, \"Sales in February were still at a high level. However, due to the considerable increase in raw materials costs, further price increases are inevitable,\" says Gert Wendroth, Chairman of the Executive Board at H&R WASAG AG.
Upcoming events:
13 May 2011
Publication of Q1 Report 2011
31 May 2011
Annual Shareholders� Meeting in Hamburg
12 August 2011
Publication of Q2 Report 2011
14 November 2011
Publication of Q3 Report 2011
Contact:
H&R WASAG AG
Investor Relations / Communications
Christian Pokropp
Am Sandtorkai 64, 20457 Hamburg, Germany
Tel.: + 49 ââ?¬â?? (0) 40-43218-321, Fax: + 49 ââ?¬â?? (0) 40-43218-390,
www.hur-wasag.de
Christian.Pokropp(at)hur-wasag.de
Die H&R WASAG AG:
The SDAX-listed company H&R WASAG AG is active in the fields of development and manufacture of chemical-pharmaceutical specialty products based on crude oil, and in the production of precision plastic parts. In the individual divisions, the group company is positioned as a market and/or technological leader with excellent perspectives.
Forward-looking statements and forecasts:
This press release contains forward-looking statements. These statements are based upon current estimates and forecasts of the executive board as well as information that is available to the executive board at this point in time. They are not to be taken as guarantees of future developments and results. The future developments and results are much more dependent upon many factors. They contain various risks and uncertainties and are based upon assumptions that may prove to be inaccurate. We assume no obligation to update the forward-looking statements contained in this report.