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DGAP-News: H&R AG proposes dividend payout of EURO 0.60 per share

DGAP-News: H&R AG / Key word(s): Final Results/Dividend H&R AG proposes dividend payout of EURO 0.60 per share

30.03.2012 / 06:59

Press release

H&R AG proposes dividend payout of EURO 0.60 per share Salzbergen, Germany, 30 March 2012. The Supervisory Board of H&R AG has approved the audited consolidated financial statements, which confirms practically all of the preliminary figures from 17 February 2012. In the 2011 financial year H&R AG generated record revenue of EURO 1,209.5 million (previous year: EURO 1,056.8 million). Its operating result (EBITDA) fell to EURO 89.1 million, down from the exceptional 2010 figure of EURO 103.4 million. EBIT dropped by 17.0% to EURO 68.1 million (previous year: EURO 82.0 million). Consolidated net income for the year (after minority interests) declined by 26.0% to EURO 38.5 million following the previous years level of EURO 52.0 million.

In view of these strong earnings, the Executive Board and Supervisory Board propose to pay another high dividend of EURO 0.60 per ordinary share for the 2011 financial year (2010: EURO 0.65). Based on the H&R share price of EURO 16.55 at year-end 2011, this represents a dividend yield of around 3.6%. In the years ahead we plan to keep giving our shareholders an appropriate share of the companys earnings and to pay attractive dividends, said Chief Financial Officer Luis Rauch.

Against the backdrop of continuing uncertainty regarding future economic developments, the forecast for the current financial year is cautiously optimistic. In January and February, sales volumes of our chemical-pharmaceutical speciality products remained at a stable level. That being said, the steep increases in raw materials prices are putting a strain on margins, meaning that we are compelled to increase our product prices further, said Niels H. Hansen, Chief Executive Officer of H&R AG.

More detailed information concerning the current development can be found in the 2011 annual report online at http://www.hur.com.

Upcoming dates:

14 May 2012Publication of the report for the 1st quarter of 2012 31 May 2012Annual Shareholders Meeting in Hamburg 14 August 2012Publication of the report for the 2nd quarter of 2012 14 November 2012Publication of the report for the 3rd quarter of 2012 Contact: H&R AG, Investor Relations/Communications, Christian Pokropp Neuenkirchener Strasse 8, 48499 Salzbergen, Germany Phone: +49 (0) 40 43218-321, Fax: +49 (0) 40 43218-390 Email: Christian.Pokropp@hur.com http://www.hur.com

H&R AG: H&R AG is an SDAX listed specialist chemicals company. It develops and manufactures crude oil-based chemical and pharmaceutical products and high-precision plastic parts.

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DGAP-News: H&R AG proposes dividend payout of EURO 0.60 per share

Economic Outlook: The recovery that ain't

Last year at about this time the word "recovery" was on everybody's lips. This year, not so much.

Last year at about this time the word "recovery" was on everyone's lips. This year, not so much.

The lesson has been learned, it seems. The pattern of late 2010 to mid-2011 was a cruel lesson of dashed hopes. Financial firms were looking stronger; corporate profits were rising. Hiring was building momentum.

By late spring, however, hiring was losing traction. Gains in the manufacturing sector, it turns out, were a reflection of how bad things had gotten; it was not growth so much as gasping for breath -- inhaling after having the wind knocked out of the economy by a sudden body-blow.

Talk about once bitten, twice shy.

This year's hiring binge, right on time, began in the fall and still looks relatively healthy. The number of first-time unemployment benefit claims fell this week to 359,000, a four-year low. The unemployment rate has dropped since August, from 9.1 percent to 8.3 percent. That is nothing to scoff at. Those are solid numbers.

Or are they? Home prices, down nine consecutive months, are 34 percent below their April 2006 peak as of January. Manufacturing, which was on a roll due to encouraging sales during the holiday season, suddenly looks lethargic again.

Worse, it turns out much of what looks like gains in employment is made up of people dropping out of the labor market, rather than those who have found a job. The pace of manufacturing growth slowed in January across the country.

The holiday binge, at this point, looks to be stalling and stocks are reflecting the sudden shift. On Wall Street, it feels as if someone left the door open and a cold breeze is sifting through, tapping investors on the shoulder. The Dow Jones industrial average made a stunning breakthrough in late February, hitting 13,000 points for the first time since 2008. Now it looks like it will be doing so again. That is to say, it's poised to hit 13,000 again, but this time on its way down.

It's time to look at what's really not fixed, after all. Just as China relies too much on its export-oriented economy, in the United States the opposite is true. Our red, white and blue eyes are bigger than our stomach. A trade deficit of $48 billion a month says it all. Here, we rely too little on our exports and too much on domestic demand.

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Economic Outlook: The recovery that ain't

Wenger handed three-match ban by UEFA for F-word rant at referee

By Sportsmail Reporter

PUBLISHED: 07:32 EST, 30 March 2012 | UPDATED: 08:25 EST, 30 March 2012

Arsene Wenger has been handed a three-match ban by UEFA relating to his conduct after the Champions League round of 16 defeat against AC Milan earlier in the month.

The Arsenal boss was fuming after the 3-0 home win, which almost wiped out a 4-0 loss from the first leg, and he has been fined 33,340 for his actions and will serve what is his third UEFA ban.

Setback: Arsene Wenger received the news as he took training on Friday

Wenger, who criticised referee Damir Skomina and UEFA at the post-match press conference, confronted the official in the Emirates Stadium tunnel and is alleged to have called him a f****** disgrace.

The Frenchman has described the ban as unjust as he announced he would be appealing the sanction.

He said: 'If I am [suspended] then it is not justified and I will appeal straight away.

'I believe that they have transformed UEFA competition referees to be untouchable icons, where you cannot even have a word.

'The only thing they understand after the game is the report.

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Wenger handed three-match ban by UEFA for F-word rant at referee

LIONS CLUB 7.1 – SELLING DIGITAL PRODUCTS – How to Make a POWERFUL Sales Page on WordPress – Video

29-03-2012 01:49 makemoneyfromhomelionsclub.com In this lesson I teach you how to make a POWERFUL sales page from scratch for any digital product you might be selling. This could be an ebook, a video series, some piece of software, or anything else that can be downloaded. The website I show you how to make is makemoneyfromhomeinfoproduct.com In the first part of the video I teach you how I made my own ebook website howtobecomeaticketbroker.net by buying a theme from here: makemoneyfromhomelionsclub.com (the name of the theme is Aperture). Next, I show you how I made my main LIONS CLUB website makemoneyfromhomelionsclub.com by buying a theme from here: makemoneyfromhomelionsclub.com (the name of the theme is TheCorporation). Finally, I show you the process of making makemoneyfromhomeinfoproduct.com For this website, I bought a theme from here: makemoneyfromhomelionsclub.com (the name of the theme is Polished). You will see the entire making of that website from beginning to end, including all the plugings I used for social media and font manipulation. If you don't know how to get to the basic WordPress install at the beginning of the lesson, you can learn how to do that here: youtu.be Leave any questions you have below and I will answer them as quickly and as best as I can! Mike Omar Add me on Google+: makemoneyfromhomelionsclub.com Add me on LinkedIn: makemoneyfromhomelionsclub.com

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LIONS CLUB 7.1 - SELLING DIGITAL PRODUCTS - How to Make a POWERFUL Sales Page on WordPress - Video

4 crafty ideas for all those pennies you've been hoarding

Amid the public sector cuts and Old Age Security announcements in Thursdays federal budget, there was a quirkier bit of news: The penny will be phased out this year.

Folks nostalgic for the coppery coin are taking to social media to plea for a stay of execution hence the Twitter hashtag #SaveThePenny. Many of us will be unceremoniously dumping out our piggy banks and trying to spend pennies as fast as we can. And coin collectors will be trying to round out their collections.

But others may take the news as a call to pick up a glue gun and immortalize the obsolete Queen-and-maple-leaf-adorned coin in another way.

Herewith, a few ideas for budding coin artists. (Good taste not necessarily included.)

Frame a loved one in coins

This is the kind of project that has been landing in basement boxes for decades: A penny-covered frame that kids are supposed to give to their dads for Fathers Day.

Frame the coins themselves

Theres a whole genre called ombre penny art, which taps into both a crafters impulse to create and the organized persons drive to have everything in its place. Last month, blogger Kristen of My Covered Bridge wrote about her first try at lining up rows of pennies organized from shiniest to most dull and weathered.

Another site on the topic includes ideas on how to clean up pennies so more of them gleam in your ombre art: If youre more advanced, you might consider actually creating an image with all those shades of copper and grey. As Canadian broadcaster and blogger Buzz Bishop points out, a portrait of the Queen la this Abe Lincoln could be swell.

Tie one on

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4 crafty ideas for all those pennies you've been hoarding