Semperit proposes increased dividend

ERJ staff report (DS)

Vienna -- Semperit AG has confirmed the results annonced in February, and has proposed an increased dividend for 2010. The group alsopublished its annual report.

Based on a considerably improved order situation, the related higher sales volumes as well as necessary selling price rises, total revenue of the Semperit Group climbed 17.2 percent in the 2010 financial year, to EUR 689.4 million. At the same time, Semperit succeeded in increasing the operating profit (EBIT) by 18.3 percent to EUR 82.3 million. On balance, earnings after tax of the Semperit Group were up 16.9 percent, to EUR 45.4 million.

Due to the satisfactory profit the Management Board will propose a dividend increase to EUR 1.25 per share to the Annual General Meeting for the 2010 financial year (previous year: EUR 1.15 per share).

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Press release from Semperit

2010 Annual report from Semperit