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BERU SHAREHOLDERS’ MEETING ELECTS NEW SUPERVISORY BOARD
21 September 2005 - BERU
Dividend of EUR 1.10 at the previous year’s level
The ordinary Shareholders’ Meeting of BERU
Aktiengesellschaft for the 2004/05 financial year concluded today at the
Ludwigsburger Forum that an unchanged dividend of EUR 1.10 per share will be
distributed, representing a payout ratio of 46.7% (30.7%) based on earnings per
share. Dr. Ulrich Wöhr, Robin J. Adams, Anthony D. Hensel and Alfred Weber were
elected to the company’s Supervisory Board. BERU AG’s Supervisory Board
elected Dr. Ulrich Wöhr as its new Chairman and Robin J. Adams as its new
Deputy Chairman. Presence of 74,6% at the Shareholders’ Meeting
The Ludwigsburg automotive supplier saw 74,6% (73.1%) of the share capital present
at its Shareholders’ Meeting with a turnout of around 300 shareholders and guests. Proposals by the Executive Board approved
The Shareholders’ Meeting approved the proposed appropriation of the balance sheet
profit with 99,6% yea votes and passed the discharging of he Executive Board with
96,3% and the Supervisory Board with 96,0% of the votes for the 2004/05 financial
year. As in previous years, the Bayerische Treuhandgesellschaft Aktiengesellschaft
audit and accounting firm in Munich was appointed as the auditor for the 2005
financial year. Switch from financial year to calendar year agreed upon
With 99,96% yea votes shareholders approved the Executive and Supervisory Board’s
proposal to switch to the calendar year effective as of April 1, 2005 and to change the
articles of association accordingly. This turns the current reporting period of April 1, 2005
through December 31, 2005 into a short financial year. Authorization to buy back treasury shares
The Shareholders’ Meeting again authorized the company to aacquire shares in the
Company up to a total of 10% of the current capital stock till March 20, 2007 with 99,9% yea votes. Annual guidance affirmed
Chairman of the Executive Board Marco v. Maltzan of the Ludwigsburg automotive
supplier is looking back on a successful financial year. The Group’s sales revenues
rose by 8.8% to EUR 385.8 million in the 2004/05 financial year and a double-digit EBIT-margin of 13.1% was achieved.
BERU only expects moderate growth in automotive markets for the current financial
year. In light of the strong product pipeline the Group is well prepared for further
profitable growth. Sales revenues and operating profit should grow at a high singledigit
rate in the current financial year.
www.beru.com
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