KLEEMANN HELLAS S.A.
Press Release of the General Ordinary Shareholder's Meeting
During the Company' s General Ordinary Shareholder's Meeting, on Monday 18 June 2007, at the Company's Head Offices in Ind. Area of Kilkis, the Management of KLEEMANN presented the financial figures for 2006, together with the course of events until now and the prospects for 2007.
The General Meeting also approved the distribution of total dividend of 3.547.305 euros, which corresponds to a dividend of 0,30 euros per share, to the company's shareholders. The dividend is 20% increased, compared to previous year. The owners of shares, at the end of the session of ASE, on Monday 16 July 2007, will be beneficiaries of that dividend. Its payment will be held on Wednesday 25/07/2007.
In 2006, KLEEMANN increased its consolidated turnover at 7,9% and it came up to 85,50 mil. Euros against 79,24 mil. Euros in 2005, while profit before taxes came up to 15,05 mil. Euros, against 9,79 mil. Euros in 2005, showing an increase of 53,7%. It is pinpointed that the results of Leistritz Hydraulik GmbH, which was sold in the February of previous year, are not included in the consolidated financial statements of 2006.
The results of Parent Company were equally satisfying, since it presented an increased turnover at 17,0%, which came up to 76,16 mil. Euros against 65,17 mil. Euros in 2005, while profit before taxes came up to 11,09 mil. Euros against 10,20 mil. Euros in 2005 showing an increase of 8,7%.
Moreover, the General Meeting approved the issue of one or more bonded loans, up to the amount of 25 mil. euros, aiming at the restructure of the existing banking lending and the financing of the company' s developmental program.
During the general meeting, chairman of Kleemann Hellas group, Nikolaos Koukountzos, referred extensively to the plans for the group's internalization, its entrance in new markets and the acquisition of constantly increasing share, globally.
Investments:
At the level of investments, during the years 2007-2008, the group has planned and it executes production investments, of approximately 8 mil. euros in total, which, above all, concern the construction of new industrial building installations, the acquisition of new highly technological machinery equipment, the installation of energy saving systems, the development of an innovative electronic sales system, but also the development of up-to-date systems for the management of inventories, as well as the construction of a multi-level trial tower for the development of high-speed elevator systems. The programmed investments primarily concern the Parent Company Kleemann Hellas SA and secondly the new subsidiary Moda Cabina SA as well as the subsidiary KLEFER SA. It has to be pinpointed that Moda Cabina SA was incorporated within this current year and it is mainly activated in the manufacture and sale of special elevator components, such as specially designed cabins and innovation solutions. By its incorporation, Kleemann aims at the expansion and the enforcement of its presence both in Greek and international market, through products, which will be designed and manufactured, absolutely adjusted to every client?s requirements.
Expansion:
In the meanwhile, Company's targets include: The enforcement of its position in the markets that its presence has already been strong, such United Kingdom, Germany, Belgium, Turkey, Ireland, Russia, Ukraine. The enforcement of its subsidiaries KLEFER SA, KLEEMANN ASANSOR S.A, KLEEMANN LIFTOVI D.o.o and KLEEMANN LIFT Ro SRL. The development of new commercial networks in the markets of Europe and Middle East.
Simultaneously, showing great interest on that, it observes the dynamic market of China, in which a Company's office is in operation, since 2006, and it plans its presence in the developing market of India.
Furthermore, for the current year, the management of Kleemann aims at consolidated sales of 97,80 mil. Euros, against 85,05 mil. Euros in 2006, and profits before taxes and minority rights of 15,44 mil. Euros against 15,05 mil. Euros of previous year.
The General Meeting also approved the distribution of total dividend of 3.547.305 euros, which corresponds to a dividend of 0,30 euros per share, to the company's shareholders. The dividend is 20% increased, compared to previous year. The owners of shares, at the end of the session of ASE, on Monday 16 July 2007, will be beneficiaries of that dividend. Its payment will be held on Wednesday 25/07/2007.
In 2006, KLEEMANN increased its consolidated turnover at 7,9% and it came up to 85,50 mil. Euros against 79,24 mil. Euros in 2005, while profit before taxes came up to 15,05 mil. Euros, against 9,79 mil. Euros in 2005, showing an increase of 53,7%. It is pinpointed that the results of Leistritz Hydraulik GmbH, which was sold in the February of previous year, are not included in the consolidated financial statements of 2006.
The results of Parent Company were equally satisfying, since it presented an increased turnover at 17,0%, which came up to 76,16 mil. Euros against 65,17 mil. Euros in 2005, while profit before taxes came up to 11,09 mil. Euros against 10,20 mil. Euros in 2005 showing an increase of 8,7%.
Moreover, the General Meeting approved the issue of one or more bonded loans, up to the amount of 25 mil. euros, aiming at the restructure of the existing banking lending and the financing of the company' s developmental program.
During the general meeting, chairman of Kleemann Hellas group, Nikolaos Koukountzos, referred extensively to the plans for the group's internalization, its entrance in new markets and the acquisition of constantly increasing share, globally.
Investments:
At the level of investments, during the years 2007-2008, the group has planned and it executes production investments, of approximately 8 mil. euros in total, which, above all, concern the construction of new industrial building installations, the acquisition of new highly technological machinery equipment, the installation of energy saving systems, the development of an innovative electronic sales system, but also the development of up-to-date systems for the management of inventories, as well as the construction of a multi-level trial tower for the development of high-speed elevator systems. The programmed investments primarily concern the Parent Company Kleemann Hellas SA and secondly the new subsidiary Moda Cabina SA as well as the subsidiary KLEFER SA. It has to be pinpointed that Moda Cabina SA was incorporated within this current year and it is mainly activated in the manufacture and sale of special elevator components, such as specially designed cabins and innovation solutions. By its incorporation, Kleemann aims at the expansion and the enforcement of its presence both in Greek and international market, through products, which will be designed and manufactured, absolutely adjusted to every client?s requirements.
Expansion:
In the meanwhile, Company's targets include: The enforcement of its position in the markets that its presence has already been strong, such United Kingdom, Germany, Belgium, Turkey, Ireland, Russia, Ukraine. The enforcement of its subsidiaries KLEFER SA, KLEEMANN ASANSOR S.A, KLEEMANN LIFTOVI D.o.o and KLEEMANN LIFT Ro SRL. The development of new commercial networks in the markets of Europe and Middle East.
Simultaneously, showing great interest on that, it observes the dynamic market of China, in which a Company's office is in operation, since 2006, and it plans its presence in the developing market of India.
Furthermore, for the current year, the management of Kleemann aims at consolidated sales of 97,80 mil. Euros, against 85,05 mil. Euros in 2006, and profits before taxes and minority rights of 15,44 mil. Euros against 15,05 mil. Euros of previous year.