Vossloh share indicators
Dividend rising to €2.00 plus €1.00 superdividendAs proposed by Vossloh AG’s Executive and Supervisory Boards, the annual general meeting resolved on May 20, 2009, to pay out a significantly higher cash dividend of €2.00 per share, plus a €1.00 superdividend. Related to the 2008 closing price of Vossloh stock of €80.10 €79.49, the dividend yield is 3.8 percent. Excluding the superdividend, the payout increased by 17.6 percent. A total of some €40 million will be distributed (up from €25.2 million). The treasury shares repurchased between October 2008 and March 2009 do not rank for dividend. Vossloh management is thus reaffirming its dividend policy based on the principle of continuity and earnings growth.
Vossloh is pursuing the goal of achieving a sustainable improvement in earnings per share (EpS) and commensurate dividend payouts. The Group's strategy is also focused on deploying the earnings above all for further corporate expansion in the interests of value generation. In fiscal 2008, this objective was successfully attained with a sales increase of 18+ percent and an EpS surge from €4.83 to a total €9.48 (€6.30 + €3.18).
| 2008 | 2007 | 2006 | 2005 | 2004 | ||
|---|---|---|---|---|---|---|
| Earnings per share (EpS) | € | 9.48 | 4.83 | 1.38 | 3.07 | 3.91 |
| Cash flow per share | € | 10.75 | 5.43 | 12.68 | 3.71 | 2.25 |
| Dividend per share | € | 2.00 + 1.00 | 1.70 | 1.30 | 1.30 | 1.30 |
| Total dividend payout | € mill. | 41.7 | 25.2 | 19.2 | 19.2 | 19.0 |
| Book value per share (excl. minority interests) | € | 32.36 | 28.51 | 24.55 | 24.09 | 22.28 |
| Annual average number of shares outstanding | 1,000 | 14,703 | 14,768 | 14,735 | 14,688 | 14,605 |
| Number of shares outstanding at year-end | 1,000 | 13,889 | 14,796 | 14,736 | 14,735 | 14,606 |
| Stock price | € | 79.49 | 80.10 | 57.14 | 41.10 | 36.35 |
| Closing market capitalization | € mill. | 1,104.0 | 1,185.1 | 842.0 | 605.6 | 530.9 |
| Annual high/low | € | 99.49/45.41 | 94.47/56.21 | 59.20/34.90 | 48.58/36.11 | 47.68/27.45 |
| Price-earnings ratio (PER) | 8.4 | 16.6 | 41.4 | 13.4 | 9.3 | |
| Price-cash flow ratio | 7.4 | 14.7 | 4.5 | 11.1 | 16.1 | |
| Trading volume (shares) | 1,000 | 27,913 | 24,040 | 15,760 | 10,453 | 10,828 |
| Average trading volume (shares) per day | 1,000 | 109.9 | 95.4 | 61.8 | 40.5 | 42.1 |
| 2008 | 2007 | ||
|---|---|---|---|
| Weighted average number of common shares | shares | 14,795,828 | 14,776,256 |
| Weighted number of repurchased shares | shares | (92,676) | (8,687) |
| Weighted average shares outstanding | shares | 14,703,152 | 14,767,569 |
| Dilutive effects of LTIP/ESOP options | shares | 52 | 14,715 |
| Diluted weighted average shares issued | shares | 14,703,204 | 14,782,284 |
| Group earnings | € mill. | 139.4 | 71.4 |
| Basic (undiluted) EpS | € | 9.48 | 4.83 |
| thereof from continuing operations | € | 6.30 | 4.26 |
| thereof from discontinued operations | € | 3.18 | 0.57 |
| Fully diluted EpS | € | 9.48 | 4.83 |
| thereof from continuing operations | € | 6.30 | 4.26 |
| thereof from discontinued operations | € | 3.18 | 0.57 |
