FORTEC Elektronik AG

Earnings Release • Nov 28, 2011

News Details

Corporate | 28 November 2011 11:27

FORTEC Elektronik Aktiengesellschaft: Stable growth continues

FORTEC Elektronik Aktiengesellschaft / Key word(s): Quarter
Results/Dividend

28.11.2011 / 11:27

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* Turnover plus 18 %
* EBIT plus 30%
* Dividend 50 Cent per share

After a successful BY 2010/11 again in first quarter of BY 2011/12 (01.07.
- 30.09.2011), FORTEC achieved to increase turnover and profit considerably
by double-digits.

A continuous and considerable growth also reveals by a repeated increase in
turnover from 11 million EUR to 13 million EUR and an increased profit
before interest and tax (EBIT) of 30 % to 502.189 EUR. Besides the profit
after tax increased parallel from 296.371 EUR to 371.734 EUR.

Due to the successful BY 2010/11 reporting an absolute record in turnover
and profit, the excellent capital status of the company with liquid means
of 6.6 million EUR, no bank liabilities and the continuously profitable
business in BY 2011/12, it is intended to suggest to raise the dividend of
0.30 EUR per share to 0.50 EUR at the annual board meeting on 15th December
2011.

End of Corporate News

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Language: English
Company: FORTEC Elektronik Aktiengesellschaft
Lechwiesenstrasse 9
86899 Landsberg/Lech
Germany
Phone: +49 (0)8191 91 172-0
Fax: +49 (0)8191 91 172-22
E-mail: aktie@fortecag.de
Internet: www.fortecag.de
ISIN: DE0005774103
WKN: 577410
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart

End of News DGAP News-Service

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