AVA Allgemeine Handelsgesellschaft der Verbraucher AG
AVA AG english
Result of AVA decreased significantly in 2002
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Result of AVA decreased significantly in 2002
Bielefeld. According to preliminary figures, for the fiscal year 2002 AVA
Allgemeine Handelsgesellschaft der Verbraucher AG, Bielefeld, will state a
consolidated result after taxes of about EUR 20 million. In 2001 the annual net
profit for the Group totalled EUR 84.4 million. The decreasing result was
predominantly due to the weak performance of AVAs DIY division as well as the
generally guarded consumption pattern in Germany. In the meantime, a
comprehensive restructering and adjustment programme for the DIY division has
been launched. In 2002 the consolidated sales of AVA fell by 2.4 percent to EUR
billion 5.4 (5.5 the year before).
The decreasing result will also have an impact on the dividend. For the fiscal
year 2001, AVA distributed a dividend of EUR 1.18 per share paid on the capital
stock of EUR 79.95 million (31.2 million shares) entitled to dividends. By
approving the annual financial statement, the Board of Executive Directors and
the Supervisory Board will also decide on the dividend proposal for the Annual
General Meeting of 18 June 2003.
Bielefeld, 25 February 2003
end of ad-hoc-announcement (c)DGAP 25.02.2003
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WKN: 508 850; ISIN: DE0005088504; Index: MDAX
Listed: Amtlicher Markt in Düsseldorf und Frankfurt (Prime Standard); Geregelter
Markt in Bremen; Freiverkehr in Berlin, Hamburg, Hannover, München und
Stuttgart
250629 Feb 03
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