Inside information

Consolidated turnover and profit forecast and increase of the dividend

In the course of preparing the half-year financial report for the 2020 financial year, the Executive Board of Alexanderwerk AG has just reviewed the combined management report for the 2019 financial year, in particular the forecast report contained in it. Accordingly, the Executive Board of Alexanderwerk AG expects and forecasts business for the 2020 financial year to be at the level of the 2019 financial year – despite the ongoing restrictions resulting from the global coronavirus pandemic.

In the 2019 financial year, Alexanderwerk AG generated the following consolidated key financial figure according to IFRS: The consolidated turnover amounted to EUR 24.06 million. The consolidated earnings before interest and taxes (EBIT) amounted to EUR 3.92 million.

Relative to the half-yearly financial report as of June 30, 2020, the Executive Board of Alexanderwerk AG expects and forecasts the following consolidated key financial figures according to IFRS: The consolidated turnover is expected to range between EUR 6.85 million and EUR 6.95 million (HY1 2019: EUR 12.49 million). The consolidated earnings before interest and taxes (EBIT) is expected to range between approx. EUR -0.25 million and EUR -0.35 million. (HY1 2019: EUR 2.11 million).

The Executive Board and the Supervisory Board of Alexanderwerk AG consider the deviations compared to the previous year to be solely due to the coronavirus pandemic. Based on the current order pipeline and the current expected course of business, the Executive Board and the Supervisory Board of Alexanderwerk AG expect a stable to slightly positive development for the 2020 financial year compared to the previous year.

Against the backdrop of this positive outlook and even taking into account the current Covid-19 pandemic and the associated uncertainties, the Executive Board and the Supervisory Board still intend to allocate half of the net income for the year to other retained earnings in accordance with section 58 (2) of the German Stock Corporation Act (AktG). In deviation from the above, the Executive Board and the Supervisory Board also intend to propose to the Annual General Meeting that a dividend of EUR 0.22 per share (EUR 396,000.00 in total) be paid to the shareholders and that the remaining retained earnings be carried forward to a new account. If so adopted in a resolution passed by the Annual General Meeting, this means an increase of the originally planned dividend of EUR 0.07 per share.

Remscheid, August 28, 2020

Alexanderwerk AG
Executive Board