Inside information

Consolidated turnover and profit forecast, net income and dividend

As part of the current preparation of the annual financial statements for the 2019 financial year, the Executive Board of Alexanderwerk AG has just reviewed the annual financial statements and the consolidated financial statements of Alexanderwerk AG.

The Executive Board currently expects and forecasts the following consolidated key financial figures according to IFRS for the 2019 financial year:

The consolidated turnover is expected to range between EUR 23.95 million and EUR 24.15 million (2018: EUR 27.41 million).

The consolidated earnings before interest and taxes (EBIT) is expected to range between approx. EUR 3.75 million and EUR 3.95 million. (2018: EUR 6.11 million).

As a result of the positive financial year, the individual financial statements of Alexanderwerk AG (prepared in accordance with the German Commercial Code (HGB)) are expected to show a net income of EUR 2.35 million to EUR 2.55 million.

Against the backdrop of the current Covid-19 pandemic and the associated uncertainties, the Executive Board and Supervisory Board 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). Furthermore, the Executive Board and the Supervisory Board intend to propose to the Annual General Meeting that a dividend of EUR 0.15 per share (EUR 270,000.00 in total) be paid to the shareholders and that the remaining retained earnings be carried forward to a new account.

Alexanderwerk AG expressly notes that the above-mentioned consolidated key financial figures are in each case preliminary, unaudited financial figures that have not been finally audited or attested by the auditors and that they may deviate from the annual financial statements yet to be adopted or from the consolidated financial statements yet to be approved. The Executive Board expects that the final key financial figures can be published by the end of April.

Remscheid, April 15, 2020

Alexanderwerk AG
Executive Board