Höft & Wessel AG

Adjusted operating result rises to EUR 3.8 million in 2010

According to preliminary figures, the Hoeft & Wessel Group managed to boost its sales revenues by roughly 2 per cent in fiscal 2010, to reach EUR 95.6 million. The operating result (EBIT) adjusted for temporary currency effects was up by 23 per cent, to EUR 3.8 million.

"Thanks to these gratifying figures, the Board of Management and Supervisory Board will submit a proposal at the Annual General Meeting to increase the dividend to 10 cents per share," announced Hansjoachim Oehmen, CEO of Hoeft & Wessel.

With EUR 35.5 million in turnover, the fourth quarter met the high level of expectations (Q4 2009: EUR 23.1 million). All business divisions of the IT and engineering Group for ticketing, parking and mobile solutions registered robust demand in the traditionally strong final quarter.

The figures for 2010 have not been audited and certified as yet and are therefore preliminary. The 2010 Annual Report will be released on 29 March 2011.