WaveLight AG
WaveLight AG: Annual General Meeting Confirms Corporate Strategy
WaveLight AG / AGM/EGM Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Press Release WaveLight AG: Annual General Meeting Confirms Corporate Strategy Activities of the Board of Directors and Supervisory Board ratified by a large majority Erlangen, February 4, 2009. Yesterday, the Annual General Meeting of WaveLight AG, listed on the Prime Standard of the Deutschen Börse AG, took place in Nuremberg. The WaveLight AG Board of Directors and Supervisory Board welcomed over 50 shareholders as well as bank representatives and journalists to the ninth WaveLight AG Annual General Meeting in Nuremberg. In his report, the Chairman of the Board of Directors, Max Reindl, explained the company results for the completed financial year 2007/2008 which ended on July 31, 2008. The company succeeded in significantly improving both sales revenue and earnings before interest and taxes (EBIT) compared to the previous year. The WaveLight group generated sales revenue of €90,876 thousand (previous year €70,370 thousand) as well as EBIT of €6,292 thousand (previous year €660 thousand). One-off effects resulting from the successful takeover bid by Alcon, Inc burdened the EBIT. Without these effects, an 'adjusted' EBIT of €11,783 thousand would have been recorded. In the important US and Asian markets, WaveLight also recorded a significant increase in sales revenue, generating €41,513 thousand (previous year €23,525 thousand) and €17,130 thousand (previous year €13,753 thousand) respectively. On the European market, the sales revenue increased to €21,932 thousand (previous year €20,711 thousand). The financial year 2007/2008 was characterised, in particular, by the completion of the corporate reorientation, the concentration on the core competence in refractive surgery and the successful takeover by the majority shareholder Alcon, Inc. The Chairman of the Board of Directors provided a detailed report of the individual stages in the reorientation process which has now been successfully completed. Annual General Meeting ratifies the activities of the Board of Directors In the subsequent discussion, the questions of the shareholders and shareholders’ representatives primarily concentrated on the events of the past financial year and on the future development and growth prospects in the field of refractive surgery. Both the Chairman of the Supervisory Board and the Board of Directors answered the shareholders’ questions comprehensively and in detail. In the following vote, the Annual General Meeting adopted the resolutions proposed by the Supervisory Board and Board of Directors of WaveLight AG by a large majority. Thus, the activities of the Board of Directors and Supervisory Board during the financial year 2007/2008 were ratified. An application by a shareholder for a special audit of the business activities of the WaveLight AG Board of Directors in the financial year 2007/2008 was rejected by a large majority. WaveLight AG (ISIN DE 000 512 5603) The company WaveLight AG which has been listed on the Prime Standard of the Deutsche Börse AG since January 2003 develops, produces and sells a high quality and complete product portfolio in the field of refractive surgery. The world wide technologically leading laser systems for correction of sight defects are enhanced by high quality, innovative diagnostics systems and form the basis of the world wide market success of WaveLight. Further information about WaveLight can be found at www.wavelight.com Contact person for the press: Susanne Grethlein Gerhard Lodzwik WaveLight AG AGIL Gesellschaft für Finanzkommunikation mbH Tel: + 49/9131/6186-103 Tel: +49/2131/12 55 73 Fax: + 49/9131/6186-112 Fax: +49/2131/12 557 55 Email: susanne.grethlein@wavelight.com E-Mail: info@AGIL-IR.com Disclaimer: Some of the statements made in this communication have the character of prognoses or can be interpreted as such. All statements and assessments are based on extremely conscientious research. However, no responsibility is accepted for the correctness of the information in this publication. Any liability is ruled out. The statements above do not represent any incitement for the purchase or sale of securities. All rights reserved. 04.02.2009 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: WaveLight AG Am Wolfsmantel 5 91058 Erlangen Deutschland Phone: +49 (0)9131 - 61 86-0 Fax: +49 (0)9131 - 61 86-111 E-mail: info@wavelight.com Internet: www.wavelight.com ISIN: DE0005125603 WKN: 512560 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Hannover, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
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