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4-Traders Homepage  >  Equities  >  WIENER BOERSE AG  >  VIENNA INSURANCE GROUP AG    VIGR   AT0000908504

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Vienna Insurance Gr. : Vienna Insurance Group Annual General Meeting 2012: Raise in dividend by 10 percent to EUR 1.10 per share

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05/04/2012 | 02:47pm CET
Vienna Insurance Group Annual General Meeting 2012: Raise in dividend by 10 percent to EUR 1.10 per share

On 4 May 2012 the 21st Annual General Meeting of Vienna Insurance Group AG Wiener Versicherung Gruppe was held at Stadthalle in Vienna. Due to an increase in the profit (before taxes) by 10.1 percent to about EUR 560 million and a growth in premiums by 3.4 percent to about EUR 9 billion, the best result in Group's history has been achieved. The double-digit profit increase in the core markets Austria, Poland, Slovakia and the Czech Republic has been remarkable.

In view of the excellent result, the Annual General Meeting approved the motion of the Managing Board to raise the dividend by 10 percent and to pay EUR 1.10 per share. The dividend payment date and the ex-dividend date is 14 May 2012.

Ms. Gertrude Tumpel-Gugerell, who has been a member of the Executive Board of the European Central Bank until 2011 and is currently active as emerita consultant for the Austrian Institute of Economic Research (WIFO), has been elected into the Supervisory Board. As a renowned financial and economic expert, Ms. Tumpel-Gugerell looks back on a longstanding experience in various executive bodies and has a profound knowledge of European economic policy and financial market stability.

The Supervisory Board of Vienna Insurance Group AG Wiener Versicherung Gruppe is composed as follows:

Wolfgang Ruttenstorfer, Chairman
Karl Skyba, Deputy Chairman
Bernhard Backovsky
Martina Dobringer
Alois Hochegger
Heinz Öhler
Reinhard Ortner
Martin Roman
Gertrude Tumpel-Gugerell
Friedrich Stara

The resolutions of the Annual General Meeting were adopted by the shareholders with a large majority of votes. More detailed information is available for download on the Internet: http://www.vig.com/annual-general-meeting

The statement of General Manager Günter Geyer on the consolidated financial statements for 2011 presented at today's Annual General Meeting were recorded and will be available on the Internet as from approx. 5 p.m.: http://webcast.a1.net/vig_hv_2012/event_165/en/?status=4

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Financials (€)
Sales 2016 9 256 M
EBIT 2016 367 M
Net income 2016 286 M
Debt 2016 -
Yield 2016 3,50%
P/E ratio 2016 10,41
P/E ratio 2017 10,35
Capi. / Sales 2016 0,31x
Capi. / Sales 2017 0,31x
Capitalization 2 870 M
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Mean consensus HOLD
Number of Analysts 11
Average target price 22,7 €
Spread / Average Target 1,1%
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Managers
NameTitle
Elisabeth Stadler Chairman-Managing Board
Günter Geyer Chairman-Supervisory Board
Martin Simhandl Chief Financial Officer
Ryszard Dyszkiewicz Head-Group Information Technology & Back Office
Karl Skyba Deputy Chairman-Supervisory Board
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