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20.05.2016 10:30:01
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DGAP-News: UNIWHEELS AG
DGAP-News: UNIWHEELS AG: UNIWHEELS AG Annual General Meeting approved dividend of 1.65 EUR per share
- Construction works in plant 4 in Stalowa Wola completed
- UNIWHEELS is currently examining further growth options
Bad Dürkheim, 20th May, 2016: The Management Board of Germany-based alloy wheels manufacturer UNIWHEELS AG proposed a dividend of EUR 1.65 per share at its first Annual General Meeting held on May 19th. The shareholders approved the recommendation of the Management Board and Supervisory Board by a large majority. According to German stock corporation law and practice, the date of the AGM is the date when the right to the dividend is determined and the dividend amount will be paid on the first working day after the AGM, therefore the record date is May 19th, and dividend payment day is set for May 20th.
The AGM decided to pay out EUR 20.5 mln as dividend, which implies to a payout ratio of 50% of the consolidated net income in 2015 of EUR 40.7 million. This ratio is significantly above the average of the European automobile industry.
The first Annual General Meeting after the IPO on the Warsaw Stock Exchange in May 2015 was held at Trade Fair Tower (Messeturm) in Frankfurt am Main.
In the period between going public on Warsaw Stock Exchange on May 8th, 2015 and the end of 2015, the UNIWHEELS share price rose by 20%, outperforming all German and Polish main indices. Market capitalization at the end of 2015 reached EUR 368 mln.
UNIWHEELS is now finishing its investment in Stalowa Wola, which is fully on schedule.
"At the moment all construction works in the factory hall are completed and accepted. The newly developed casting machines and furnaces are a success and are in production already. Full mechanical processing, including cleaning automatic balancing and leak testing has been working in full automatic mode. Works outside the hall are progressing rapidly. Apart from construction works, scheduled staff hiring and training processes are underway" - says Dr. Thomas Buchholz, UNIWHEELS AG CEO.
"Due to the ongoing high customer demand development, UNIWHEELS is currently examining further growth options for the next periods after the full commission of the new plant 4 in Stalowa Wola, Poland. For this purpose, corresponding locations in the global growth markets of all relevant customers in the automotive industry are under evaluation. A decision for another plant location with an additional capacity of up to 2 million units will be made by the management and supervisory boards within the next 12 months" - adds Dr. Thomas Buchholz.
About UNIWHEELS:
The UNIWHEELS Group is one of the leading manufacturers of aluminum wheels for cars in Europe and is one of the few technology leaders worldwide in the aluminum wheel industry.
UNIWHEELS is Europe's third largest manufacturer of wheels supplying OEMs in the automobile industry and is the leading producer of alloy wheels for the aftermarket in Europe. The group's most well-known proprietary brands are ATS, RIAL, ALUTEC and ANZIO. Currently the group has three production plants of which two are in Poland (Stalowa Wola) and one in Germany (Werdohl). The new plant (No. 4) will go into operation in the middle of the year and increase the group's maximum annual production capacity by roughly 2 million wheels.
UNIWHEELS sees itself as one of the leading partners of the automotive industry for the optimum reduction of CO2 emissions by reducing the weight of alloy wheels. As well as weight-optimized construction methods, the following procedures are primarily used: Flow Forming, Lightforming, undercutting and forgecut.
In 2015 UNIWHEELS Group had with a sales volume of 7.8 million wheels EUR 436.5 million of revenues and an EBITDA of EUR 58.7 million. 2,539 employees worked for the Group.
Since 2015, UNIWHEELS AG is publicly listed on Main Market of Warsaw Stock Exchange. The UNIWHEELS stock is floated under security identification number A13STW, ISIN DE000A13STW4 and ticker symbol UNW.
For more information please contact:
Oliver Madsen Head of Investor Relations Email: o.madsen@de.uniwheels.com UNIWHEELS AG Gustav-Kirchhoff-Str. 10 67098 Bad Dürkheim Germany
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20.05.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
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465309 20.05.2016
DGAP-News: UNIWHEELS AG / Key word(s): Dividend
UNIWHEELS AG: UNIWHEELS AG Annual General Meeting approved dividend of 1.65
EUR per share
20.05.2016 / 10:30
The issuer is solely responsible for the content of this announcement.
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UNIWHEELS AG Annual General Meeting approved dividend of 1.65 EUR per share
- Total dividend of EUR 20.5 mln implies to a 50% payout ratio
- Construction works in plant 4 in Stalowa Wola completed
- UNIWHEELS is currently examining further growth options
Bad Dürkheim, 20th May, 2016: The Management Board of Germany-based alloy wheels manufacturer UNIWHEELS AG proposed a dividend of EUR 1.65 per share at its first Annual General Meeting held on May 19th. The shareholders approved the recommendation of the Management Board and Supervisory Board by a large majority. According to German stock corporation law and practice, the date of the AGM is the date when the right to the dividend is determined and the dividend amount will be paid on the first working day after the AGM, therefore the record date is May 19th, and dividend payment day is set for May 20th.
The AGM decided to pay out EUR 20.5 mln as dividend, which implies to a payout ratio of 50% of the consolidated net income in 2015 of EUR 40.7 million. This ratio is significantly above the average of the European automobile industry.
The first Annual General Meeting after the IPO on the Warsaw Stock Exchange in May 2015 was held at Trade Fair Tower (Messeturm) in Frankfurt am Main.
In the period between going public on Warsaw Stock Exchange on May 8th, 2015 and the end of 2015, the UNIWHEELS share price rose by 20%, outperforming all German and Polish main indices. Market capitalization at the end of 2015 reached EUR 368 mln.
UNIWHEELS is now finishing its investment in Stalowa Wola, which is fully on schedule.
"At the moment all construction works in the factory hall are completed and accepted. The newly developed casting machines and furnaces are a success and are in production already. Full mechanical processing, including cleaning automatic balancing and leak testing has been working in full automatic mode. Works outside the hall are progressing rapidly. Apart from construction works, scheduled staff hiring and training processes are underway" - says Dr. Thomas Buchholz, UNIWHEELS AG CEO.
"Due to the ongoing high customer demand development, UNIWHEELS is currently examining further growth options for the next periods after the full commission of the new plant 4 in Stalowa Wola, Poland. For this purpose, corresponding locations in the global growth markets of all relevant customers in the automotive industry are under evaluation. A decision for another plant location with an additional capacity of up to 2 million units will be made by the management and supervisory boards within the next 12 months" - adds Dr. Thomas Buchholz.
About UNIWHEELS:
The UNIWHEELS Group is one of the leading manufacturers of aluminum wheels for cars in Europe and is one of the few technology leaders worldwide in the aluminum wheel industry.
UNIWHEELS is Europe's third largest manufacturer of wheels supplying OEMs in the automobile industry and is the leading producer of alloy wheels for the aftermarket in Europe. The group's most well-known proprietary brands are ATS, RIAL, ALUTEC and ANZIO. Currently the group has three production plants of which two are in Poland (Stalowa Wola) and one in Germany (Werdohl). The new plant (No. 4) will go into operation in the middle of the year and increase the group's maximum annual production capacity by roughly 2 million wheels.
UNIWHEELS sees itself as one of the leading partners of the automotive industry for the optimum reduction of CO2 emissions by reducing the weight of alloy wheels. As well as weight-optimized construction methods, the following procedures are primarily used: Flow Forming, Lightforming, undercutting and forgecut.
In 2015 UNIWHEELS Group had with a sales volume of 7.8 million wheels EUR 436.5 million of revenues and an EBITDA of EUR 58.7 million. 2,539 employees worked for the Group.
Since 2015, UNIWHEELS AG is publicly listed on Main Market of Warsaw Stock Exchange. The UNIWHEELS stock is floated under security identification number A13STW, ISIN DE000A13STW4 and ticker symbol UNW.
For more information please contact:
Oliver Madsen Head of Investor Relations Email: o.madsen@de.uniwheels.com UNIWHEELS AG Gustav-Kirchhoff-Str. 10 67098 Bad Dürkheim Germany
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20.05.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
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465309 20.05.2016
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