A.S. Création Tapeten AG: Managing Board and Supervisory Board propose dividend of EUR 1.25 per share for fiscal 2016
Payment of a dividend of EUR 1.25 per share for the fiscal year 2016 will be proposed to the Annual General Meeting of Shareholders scheduled for May 4, 2017. The Supervisory Board concurred with the corresponding profit appropriation proposal made by the Managing Board at today's meeting. A dividend of EUR 0.60 per share had been paid for the fiscal year 2015, which means that the profit appropriation proposal provides for a dividend increase of more than 100%.
In fiscal 2016, A.S. Création generated consolidated sales revenues of EUR 152.6 million (previous year: EUR 166.5 million). At EUR 5.9 million, earnings before interest and taxes were down on the previous year's EUR 7.9 million. By contrast, both earnings before taxes, at EUR 10.2 million (previous year: EUR 5.6 million), and earnings after taxes, at EUR 7.4 million (previous year: EUR 3.3 million), clearly exceeded the prior year level as projected by the company. The consolidated financial statements containing further details are scheduled for publication on March 23, 2017.
Gummersbach, March 8, 2017
A.S. Création Tapeten AG
The Managing Board
Contact: Maik Krämer Chairman of the Managing Board Director of Finance and Controlling Südstr. 47 D-51645 Gummersbach Phone +49-2261-542 387 Fax +49-2261-542 304 E-Mail: firstname.lastname@example.org
08-March-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English
Company: A.S. Création Tapeten AG Südstraße 47 51645 Gummersbach
Germany Phone: +49 22 61 54 2-0 Fax: +49 22 61 54 2-3 04 E-mail: email@example.com Internet: http://www.as-creation.de ISIN: DE000A1TNNN5 WKN: A1TNNN Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange End of Announcement DGAP News Service
551257 08-March-2017 CET/CEST