25.08.2016
Vita 34 AG DE000A0BL849
DGAP-News: Vita 34 AG: Dividend Increased by 7 Percent
DGAP-News: Vita 34 AG / Key word(s): AGM/EGM/Dividend
Vita 34 AG: Dividend Increased by 7 Percent
25.08.2016 / 13:45
The issuer is solely responsible for the content of this announcement.
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Vita 34: Dividend Increased by 7 Percent
Leipzig, 25 August 2016 - The shareholders of Vita 34 AG (WKN A0BL84), the
largest private stem cell bank in the German-speaking countries, approved
by a great majority at today's regular Annual General Meeting the proposal
of the Management and Supervisory Boards to pay a dividend for the second
year in a row in the amount of EUR 0.16 per share (prior year EUR 0.15 per
share). The dividend, therefore, improved to 3.8 percent (prior year 2.7
percent). Basis for calculation is the closing price on the day before the
Annual General Meeting.
The CEO, Dr. André Gerth, informed the shareholders about the development
of the company in fiscal year 2015, as well as in the first half year of
2016. This is a period that was characterized by the consistent
implementation of a Buy and Build strategy, with which Vita 34 has further
bolstered its market leadership in Europe. In conclusion, Dr. Gerth
provided an outlook on the goals for future development.
Overall, the CEO was very optimistic: "The fact that we are now paying our
shareholders a dividend for the second year in a row is an expression of
the strength of our profits and cash flow. Long-term, reliable receipts
provide Vita 34 with a high degree of planning security with regard to
profits: This is an ideal basis for stable dividend payments, which we want
to make in the future, as well! We expect to be able to increase revenues
and total operating income in the second half of 2016, as well. Since the
integration and restructuring of companies acquired in 2015 proceeded more
quickly than forecasted, we expect an EBITDA margin in the upper part of
the target range of 8 to 12 percent for the full year 2016. Following
completion of the integration measures, in the medium term we have set a
goal to return to a target value in the range of 20 percent."
To implement its growth strategy, Vita 34 is pursuing the following
objectives: Expansion of operating business by strengthening sales
efficiency, anorganic growth via selective, opportunistic acquisitions in
important European markets, as well as active portfolio and lifecycle
management.
The proposed resolution to grant the Management and Supervisory Boards
discharge, as well as the selection of the financial reporting and group
auditors Ernst & Young GmbH Wirtschaftsprüfungsgesellschaft, Stuttgart
(Leipzig branch), were clearly approved by the shareholders.
In addition, the shareholders passed a resolution to change the by-laws to
allow quarterly payment of the Supervisory Board remuneration. The intent
of this is to take into account the requirements of the Supervisory Board
activities and the widespread practice of other publicly listed companies.
The detailed voting results will be published soon in the Investor
Relations section of the company website www.vita34group.de.
Company Profile
Vita 34 was founded in 1997 as the first private umbilical cord blood bank
in Europe and, as a complete provider, offers collection logistics,
preparation and storage of umbilical cord blood. The basis for its
successful work is an outstanding position in the technological segment of
cryo-preservation. Here, cells and tissue are preserved alive at some
-190ºC for long periods of time, and can be used if needed in the context
of medical treatment. More than 150,000 families are already taking
advantage of this offering and have provided for their children with a stem
cell deposit at Vita 34.
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25.08.2016 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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Language: English
Company: Vita 34 AG
Deutscher Platz 5a
04103 Leipzig
Germany
Phone: +49(0341)48792-40
Fax: +49(0341)48792-39
E-mail: [email protected]
Internet: www.vita34.de
ISIN: DE000A0BL849
WKN: A0BL84
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange
End of News DGAP News Service
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495941 25.08.2016
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