Investor Relations

News
Strategy
Publications
Vtion Shares
Share buy-back program
Ad hoc-Releases
Company Structure
Financial Key Figures
Financial Calendar
Corporate Governance
Directors Dealings
AGM
Delisting Purchase Offer

Public disclosure of inside information pursuant to Article 17 MAR

Vtion Wireless Technology AG changes dividend policy

Frankfurt, April 23, 2015

The Management Board and the Supervisory Board of Vtion Wireless Technology AG (Vtion), jointly decided today that they will not propose a dividend payment for the year 2014 to the Annual General Meeting. In the last three years Vtion had issued 15 per cent of the previous year's group net profit as a dividend payment to the shareholders.

The reason for this decision lies in the company's declining operating results and the fact that the company expects its operational difficulties to continue in the near term. In line with the preliminary results published on January 30, 2015, Vtion generated revenues of 46.3 million Euros in 2014 (2013: 60.0 million Euros), while EBIT amounted to 3.2 million Euros (2013: 5.0 million Euros). This represents an EBIT margin of 7%, largely consistent with a margin of 8% in 2013. Net profit was 2.8 million Euros (2013: 4.4 million Euros) and net cash from operations amounted to 4.7 million Euros (2013: 11.0 million Euros).

The Annual General Meeting of Vtion will be held on June 25, 2015. The company will publish its full annual report 2014 on April 28, 2015.

 

For further information, please contact:

Kirchhoff Consult AG
Andreas Friedemann, phone: +49 40 60 91 86 50, andreas.friedemann@kirchhoff.de

 

Disclaimer concerning prognoses

Certain statements in this communication contain formulations or terms referring to the future or future developments, as well as negations of such formulations or terms, or similar terminology. These are described as forward-looking statements. In addition, all information in this communication regarding planned or future results of business segments, financial classification numbers, developments of the financial situation, or other financial or statistical data contains such forward-looking statements. The company cautions prospective investors not to rely on such forward-looking statements as certain prognoses of actual future events and developments. The company is neither responsible nor liable for these forward-looking statements. It is not responsible for updating such information, which only represents the state of affairs on the day of publication.

 

<< back