In the last financial
year, Uzin Utz AG, Ulm, has
gained ground once again –
and this is despite the cost
of many investments in new
brands and markets, such as
the development of the
American market, the new
Codex product brand, the
UFloor Systems corporate
brand-name and also three
business acquisitions, as
well as raw materials price
increases, as a result of
worldwide increases, and
fewer special items.
Profits were increased,
market share gained and new
markets developed. These
should also be to the
benefit of the Uzin Utz
shareholders.
Therefore, at the
shareholders’ meeting of
Uzin Utz AG, the Board and
the Supervisory Board agreed
the proposal to issue a
dividend in the amount of
0.90 Euro per share.
With that, the dividend
stays at the same very
satisfactory level as the
previous year. In total,
from profits of around 6.4
million Euro, the company
has distributed around 3.8
million Euro. Therefore,
Uzin Utz AG is continuing
its shareholder-friendly
distribution policy. This
was made known by the
Chairman of the Board of
Uzin Utz AG, Dr. H. Werner
Utz, at today’s shareholders’
meeting in Ulm.
At the meeting, the
shareholders renewed the
authority of the company to
acquire up to ten percent of
the nominal capital in its
own shares and to continue
on this basis in the future.
With this, the company
extends its buy-back
programme from the previous
year for a further one and a
half years. The aim of the
buy-back is to allow
accumulation of stock in its
own shares that can be used,
among other things, for
acquisitions. In past years,
Uzin Utz AG has successfully
taken over a range of
businesses and, for these,
has paid in part in shares. |
For the current year also,
in front of a background of
the expected economic growth
in 2008, Uzin Utz is
optimistic. The company
assumes that, in the current
financial year, it will be
able to exceed the turnover
and profits of 2007. Just
as it has successfully
maintained its position in
the fiercely competitive
market, so it now stands as
a powerful Group of
Companies in the
international playing field.
In the forthcoming two years,
a surge in growth is
expected. Uzin Utz is
confident of reaching a
turnover of around 200
million Euro with a
commensurate increase in
capacity utilisation and the
profit situation. The
organisation structure to
support this growth is
already in place.
“All in all, we ascertain
that the capital market, and
the players within it, have
our business in their range
of vision and they respect
our chosen strategy. The
year’s performance of our
shares was 13.19 percent and
this left the SDAX far
behind. A look at the shares
development confirms our own
opinion as to their value
appreciation. We are
assuming that this very
satisfactory situation will
continue”, said the Chairman
of the Board.
At the shareholders’
meeting, around 80.7 percent
of the assigned capital was
represented. More than 160
shareholders attended. |
