Villeroy & Boch AG

Earnings Release • Feb 10, 2003

News Details

Ad-hoc | 10 February 2003 08:03

Villeroy & Boch AG english

Villeroy & Boch AG on the Financial Year 2002; Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Ad-hoc-Notification in Accordance with § 15 WpHG [Securities Trading Law] Villeroy & Boch AG on the Financial Year 2002: sales and result after taxes higher than in previous year; dividend proposal unchanged Villeroy & Boch announces its provisional figures for the financial year 2002. According to these figures, Group sales increased slightly last year from Euro 975 million to Euro 977 million. Given the receding overall market, this indicates a further improvement in Villeroy & Boch market share. For the first time, the Annual Financial Report has been prepared in accordance with IAS [International Accounting Standards]. Although as yet not finally approved, the consolidated financial statements show an operating result (EBIT) of Euro 27.0 million, the same level as in the previous financial year (Euro 27.0 million in accordance with IAS). The Euro 10.2 million result after taxes, is higher than that of Euro 9.6 million in the previous year, owing to a lower tax-load ratio than in the previous financial year. At the Supervisory Board Meeting on Financial Statements in March, the Executive Board will, on the basis of these results, propose to the Supervisory Board, that the dividend distribution remain unchanged at an amount of Euro 0.55 (previous year: Euro 0.55) per preference share and Euro 0.50 (previous year: Euro 0.50) per ordinary share. The Executive Board end of ad-hoc-announcement (c)DGAP 10.02.2003 ——————————————————————————– WKN: 765723; ISIN: DE0007657231; Index: Listed: Amtlicher Markt in Frankfurt, Freiverkehr in Berlin, Düsseldorf und Hamburg 100803 Feb 03