ABAS Software AG Shareholders’ Meeting Approves Dividends of 16% for Common Stock and 20% for Preferred Stock
On June 7, 2013, Chairman of the Supervisory Board, Udo Stößer, and CEO, Werner Strub, reported the business development of ABAS Software AG in Karlsruhe at the annual shareholders’ meeting. The German-based ERP software provider was able to significantly increase revenue and sales figures again in 2012 and has now recorded profits for 19 consecutive years.
ABAS Software AG reports a successful fiscal year 2012. In 2012, overall performance rose to €13 million, an increase of 8.8% over 2011. The company’s earnings in 2012, which at ABAS Software AG were characterized by intensified increases in human resources and investments in developing new software technologies, totaled €650,000. With this result ABAS can now boast 19 consecutive years of profitability. Equity increased to €6.3 million in 2012. And the equity ratio is now 83.8%.
Confidence in the Board of Management and the Board of Directors was unanimously confirmed in the 2012 shareholders’ meeting. The annual shareholders’ meeting approved payment of dividends as follows: €0.16 for €1 common stock and €0.20 for €1 preferred stock.