Höft & Wessel AG

EANS-News: Hoeft & Wessel: Adjusted operating result rises to EUR 3.8 million in 2010

Dividend to be increased to 10 cents

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Financial Figures/Balance Sheet

Subtitle: Dividend to be increased to 10 cents

Hannover/Germany, 03/03/2011. (euro adhoc) - According to preliminary figures, the Hoeft & Wessel Group managed to boost its sales revenues by roughly 2 per cent in fiscal 2010, to reach EUR 95.6 million. The operating result (EBIT) adjusted for temporary currency effects was up by 23 per cent, to EUR 3.8 million.

"Thanks to these gratifying figures, the Board of Management and Supervisory Board will submit a proposal at the Annual General Meeting to increase the dividend to 10 cents per share," announced Hansjoachim Oehmen, CEO of Hoeft & Wessel.

With EUR 35.5 million in turnover, the fourth quarter met the high level of expectations (Q4 2009: EUR 23.1 million). All business divisions of the IT and engineering Group for ticketing, parking and mobile solutions registered robust demand in the traditionally strong final quarter.

The figures for 2010 have not been audited and certified as yet and are therefore preliminary. The 2010 Annual Report will be released on 29 March 2011.

www.hoeft-wessel.com

Press kit with photos: http://www.presseportal.de/pm/12945/hoeft_wessel_ag/

About the Company: The Hoeft & Wessel Group is the leading IT and engineering technology Group for ticketing, parking and mobile solutions in Germany and Great Britain. Established in 1978 by the two entrepreneurs who gave the company its name and listed on the stock market since 1998, the enterprise has developed into a group of companies with sales revenues of nearly EUR 100 million and a workforce of 500 employees. Its main locations are Hannover, Germany, and Swindon, UK, to the west of London.

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Contact:

Arnd Fritzemeier
Tel.: +49-511-6102-300
E-Mail: PR@hoeft-wessel.com

Branche: Technology
ISIN: DE0006011000
WKN: 601100
Index: TecDAX, Prime All Share, Technology All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
München / free trade



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