Müller Weingarten AG
Müller Weingarten AG: Year-end financial statements 2004
Ad hoc announcement §15 WpHG
Year-end financial statements 2004
Müller Weingarten AG: Year-end financial statements 2004
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Stuttgart, April 29, 2005. Growth in emerging markets, order intake rises to
record level
Buoyed by positive developments in the global automotive markets, Müller
Weingarten AG achieved higher-than-average growth in fiscal year 2004. The
result from ordinary operations increased to EUR 10.4 million (previous year:
EUR 8.5 million). Order intake rose by 20 % to reach EUR 412.9 million (EUR
344.1 million), the highest level in the company’s history. The sales figure
of EUR 373.0 million was lower than the high level of the previous year (EUR
410.9 million), which was influenced by the takeover of Umformtechnik ERFURT.
Consolidated output has risen in each of the past ten years, reaching EUR
402.5 million in fiscal year 2004, compared to EUR 389.5 million in the
previous year. The consolidated net income for the year totalling EUR 8.8
million is free from encumbrance due to provisions for the restructuring
programme in the extraordinary result and is substantially higher than the
previous year’s figure of EUR 3.0 million. At the Annual Shareholders’
Meeting, the Board of Management and Supervisory Board will be proposing the
payment of a dividend of EUR 0.60 per share for fiscal year 2004, based on net
income for the year totalling EUR 5,090,000 (previous year: net loss of EUR
2,749,000), to be paid from the retained earnings of Müller Weingarten AG
totalling the same amount.
Following the weakness seen in the previous year, the main stimulus for growth
came from China and Eastern Europe. At the same time, the company experienced
the first positive effects of the addedvalue programme adopted at the end of
2003 by introducing a clear division of labour across all of its German plant
sites.
After 9 years on the Board of Management of Müller Weingarten AG, Dr Michael
Heinrich, the incumbent Chairman of the Board of Management, will be leaving
the company on September 30, 2005. Dr Heinrich has asked for his contract to
be terminated early to enable him to assume new entrepreneurial management
responsibilities for the Leitz group of companies in Oberkochen, Germany. The
Supervisory Board complied with this request in its meeting convened
yesterday. A decision regarding the successor of Dr Heinrich will be taken and
announced by the Supervisory Board at the appropriate time.
The percentage of order intake accounted for by foreign business (60% in 2004)
will continue to grow during the course of the current fiscal year, although
there will be regional shifts in the source of these orders. Impetus will come
from Central and Eastern Europe as well as from the emerging markets in the
Asia-Pacific region, India, the Middle East and the countries of South
America. For 2005, Müller Weingarten is planning to increase sales, ensure the
same high level of order intake as in 2004 and stabilise the result it has
achieved.
Müller-Weingarten AG
Schussenstr. 11
88242 Weingarten
Deutschland
ISIN: DE0006579006
WKN: 657900
Listed: Amtlicher Markt in München und Stuttgart
End of ad hoc announcement (c)DGAP 29.04.2005
290722 Apr 05
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