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Abonner Progress-Werk Oberkirch AG

Progress-Werk Oberkirch AG

EANS-Adhoc: Progress-Werk Oberkirch AG
PWO agrees dividend proposal for the Annual General Meeting

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
01.04.2009
++ EUR 0.55 per share (prev. year: EUR 1.30) due to the negative 
profit development from the current slump in the international 
automobile markets ++
Oberkirch, April 1, 2009 - The Board of Management and Supervisory 
Board of Progress-Werk Oberkirch AG have decided on a dividend 
proposal in the meeting for the adoption of the financial statements.
A dividend per share of EUR 0.55 will be proposed for the 2008 
financial year at the Annual General Meeting on May 26, 2009, after 
EUR 1.30 was distributed for the 2007 financial year.
With this proposal, the Board of Management and Supervisory Board are
both reacting to the downturn in the international automobile markets
and continuing the company strategy of positioning the PWO share on 
the capital market as an investment offering attractive yields.
The Annual Report for the 2008 financial year will be published on 
April 16, 2009.
Progress-Werk Oberkirch AG
The Board of Management
PWO Group profile: a global future in the automotive supplies 
industry PWO is one of the world´s leading suppliers of 
high-precision metal components for the automotive industry, 
specialising in vehicle safety and comfort. Its unmatched expertise 
in the fields of metal-forming and joining technology has been 
acquired over nearly ninety years since the company´s foundation in 
1919. Today, PWO´s German production site in Oberkirch employs around
1,100 staff. With other sites in the Czech Republic, China, Mexico 
and Canada, the Group has now achieved a global presence with a total
workforce of around 1,900.
PWO acts as a partner to the automotive industry in the development 
and production of innovative products. The Group manufactures 
millions of components on a just-in-time and zero-defect basis. In 
close collaboration with customers, PWO is expanding its 
international production sites in order to supply local markets. PWO 
has already achieved significant success on its way of global 
expan-sion. The company has orders on hand which will lead to strong 
growth of revenue and EBIT once the industry will return to 
normalised sales figures.
end of announcement                               euro adhoc

Contact:

Phone: +49 7802 / 84-347
e-mail: bernd.bartmann@progress-werk.de

Branche: Automotive Equipment
ISIN: DE0006968001
WKN: 696800
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade