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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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