logo
Share SHARE
FONT-SIZE Plus   Neg

BAUER 2011 Profit Slips - Quick Facts

BAUER AG (BRAGF.PK) posted a 14.3% lower IFRS net profit of 34.1 million euros compared with the previous year's 39.8 million euros, with earnings per share dropping 8.8% to 1.86 euros from 2.04 euros a year ago.

However, total Group revenues rose 5.2 percent to 1.37 billion euros from 1.31 billion euros in the prior-year period.

For 2012, the Group anticipates that net profit would be about 35 million euros, and EBIT of around 85 million euros, also expecting steady growth of five to ten percent, raising total Group revenues to 1.45 billion euros.

Additionally, the Management Board and Supervisory Board propose that a modestly reduced dividend of 0.50 euros per share be paid, corresponding to a dividend ratio of about 27 percent referred to earnings after deducting minority interests.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Health IQ Insurance Services, a startup focused on providing life insurance for health-conscious individuals, said it has secured $34.6 million in Series C funding, led by Andreessen Horowitz. To date, the company has raised a total of $81 million in funding mostly from its existing investors. General Motors Co. is recalling nearly 49,000 trucks worldwide to fix a fuel tank issue that can increase the risk of a fire. The recall covers Chevrolet Silverado 3500 and GMC Sierra 3500 trucks from the 2011 through 2015 model years, all equipped with dual fuel tanks. Meredith Corp. is reportedly in talks for the acquisition of Time Inc, with a staunch support from billionaire brothers Charles and David Koch. Des Moines-based Meredith is the publisher of Family Circle and Better Homes and Gardens and aims to acquire the publisher of Time, People and Fortune Magazines.
comments powered by Disqus
Follow RTT