Delticom Announces 2-Euro Dividend

Delticom AG achieved 12.3 million euros of consolidated in 2007, meaning pre-tax profits are up 21 per cent year-on-year. The 12.3 million euro EBIT figure is towards the top end of the 12.0 – 12.5 million euro projection the company gave in December 2007; and represents a margin of 5.7 per cent.

According to the preliminary unaudited figures, revenues amounted to 215 million euros, up slightly on the 214 million reported euros on 31 January 2008. Consolidated net income was also up 33 per cent to 8.4 million (previous year: 6.3 million euros).

At the same time Andreas Prüfer, Co-CEO and one of the company’s founders, today resigned from his position as a member of the Managing Board. Peter Stappen, Chairman of the Company’s Supervisory Board, also resigned from his position on the Supervisory Board today. Both of these resignations will come into effect at the end of the company’s next Annual General Meeting. Rainer Binder, who is also one of Delticom’s Co-CEOs, will thus be the company’s sole CEO in future. The Supervisory Board will propose electing Andreas Prüfer to the Supervisory Board at the company’s next Annual General Meeting. Prüfer is reportedly happy to make himself available for this position, and aims to chair the Supervisory Board.

In light of the positive figures, Delticom’s managing board decided to propose a dividend payment of 2.00 euros per share for fiscal year 2007 to the General Meeting. This represents a 67 per cent increase of 0.80 euros per share.