BERU Plans to Increase Sales Revenues and Earnings by High Single-Digit Rates.LUDWIGSBURG, Germany -- In today's Annual Results Press Conference, the Executive Board of BERU AG will explain the figures for the 2004/05 financial year and present the planning for the current year. BERU anticipates only moderate growth in demand for automobiles in the current financial year. Despite increasingly tough competition and pressure on prices, BERU believes it is well positioned for the future with its strong product pipeline. The Executive Board of BERU AG plans to increase sales revenues by high single- digit rates in the present financial year. The operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. is expected to grow proportionally pro·por·tion·al adj. 1. Forming a relationship with other parts or quantities; being in proportion. 2. Properly related in size, degree, or other measurable characteristics; corresponding: . BERU AG increased its total revenues by 8.8% to EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 385.8 million in the past financial year. Due to one-time exceptional effects totaling EUR 5.0 million, EBIT EBIT See: Earnings Before Interest and Taxes EBIT See earnings before interest and taxes (EBIT). decreased to EUR 50.5 million. As a result of a tax field audit for the period of 1997/98 to 2001/02, which led to an additional one-time exceptional expense of around EUR 10 million, net income decreased to EUR 23.5 million. At the Annual Shareholders' Meeting shareholders' meeting n. a meeting, usually annual, of all shareholders of a corporation (although in large corporations only a small percentage attend) to elect the Board of Directors and hear reports on the company's business situation. to be held on September 21, 2005, the Executive Board and the Supervisory Board Supervisory board The board of directors that represents stakeholders in the governance of the corporation. intend to propose the distribution of an unchanged high dividend of EUR 1.10 per share. The Executive Board Further information is available from: BERU AG Corporate Communications & Investor Relations Gala Conrad Tel.: +49 (0)7141 132 246 E-mail: corporate-communications@beru.de BERU AG Morikestr. 155 71636 Ludwigsburg Deutschland ISIN: DE0005072102 (MDAX) WKN: 507210 Listed: Amtlicher Markt in Frankfurt (Prime Standard) und Stuttgart; Freiverkehr in Berlin-Bremen, Dusseldorf, Hamburg und Munchen |
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