init innovation in traffic systems AG
EANS-Adhoc: init doubles dividend in anniversary year
-------------------------------------------------------------------------------- ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------------
09.03.2011
Karlsruhe, 9 March 2011. After record profit in 2010, init innovation in traffic systems AG (ISIN DE0005759807) plans to double its dividend to a total of EUR 0.60 (for 2009: EUR 0.30). Along with an ordinary dividend of EUR 0.45, this amount includes a special distribution of EUR 0.15 per share to mark the 10th anniversary of init on the stock exchange in 2011. In a joint meeting, the Managing Board and Supervisory Board of the company today decided to submit to the shareholders´ meeting scheduled for 24 May 2011 an appropriate proposal on the allocation of unappropriated profits.
In 2010, init innovation in traffic systems AG realised an annual net profit of EUR 10m (2009: EUR 8.3m). This corresponds to earnings per share of EUR 1.00 (2009: EUR 0.84). As the company also has an excellent cash position, the Managing Board and the Supervisory Board believe that the doubling of dividend in the year of the 10th anniversary of init innovation in traffic systems AG on the stock exchange is appropriate.
end of announcement euro adhoc --------------------------------------------------------------------------------
Contact:
Alexandra Wirthmann
Tel.: +49 (0)721 6100-102
E-Mail: awirthmann@init-ka.de
Branche: Semiconductors & active components
ISIN: DE0005759807
WKN: 575980
Index: CDAX, 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