RENK Group AG

Earnings Release • Feb 15, 2002

News Details

Ad-hoc | 15 February 2002 07:57

Renk AG english

RENK bends the trend Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– RENK bends the trend Augsburg-based RENK AG, world market leader and specialist in large transmissions and drive elements, closed fiscal 2001 as another successful year. All major targets were achieved or surpassed. New orders climbed 4% from the last full fiscal year 1999/2000 to Euro 348 million, sales even mounting 11% to Euro 252 million. Orders on hand at December 31, 2001, peaked at an all-time high of Euro 538 million. With EBIT at Euro 26 million and EBT at Euro 24 million, the high performance of fiscal 1999/2000 was repeated. Sales returned 9.4%, and ROCE came to 24.8%. It will be proposed to the annual general meeting of shareholders to distribute a cash dividend of Euro 1.20 per share for fiscal 2001 (up from Euro 1.00 for 1999/2000). The share repurchase program was continued in 2001. Some 175,000 proprietary shares (2.5% of the total 7 million shares) were repurchased by December 31, 2001. Despite the gloomy economic environment, our business in 2002 will continue to prosper both in terms of sales and earnings. RENK Aktiengesellschaft The Executive Board end of ad-hoc-announcement (c)DGAP 15.02.2002 ——————————————————————————– WKN: 785000; ISIN: DE0007850000; Index: Listed: Amtlicher Handel in München, Freiverkehr in Frankfurt, Berlin 150757 Feb 02