DGAP-Adhoc: Axel Springer AG: Third consecutive year of record earnings, proposed dividend to double in 2006




  • zoom+
  • zoom-

21.02.07

DGAP-Adhoc: Axel Springer AG: Third consecutive year of record earnings, proposed dividend to double in 2006

To press release overview


Axel Springer AG / Dividend/Final Results

21.02.2007

Ad hoc announcement according to § 15 WpHG transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------

According to its 2006 preliminary results, Axel Springer AG has exceeded
its previous earnings record set in 2005. The group improved its EBITA from
EUR 338 million in FY 2005 to EUR 374 million (adjusted by proceeds from
the Kirch insolvency: EUR 340 million).

Core business revenues - combined circulation and advertising revenues -
rose from EUR 2,165 million in 2005 to EUR 2,191 million in 2006.
Consolidated group revenues amounted to EUR 2,376 million (previous year:
EUR 2,392 million) in the past financial year. On a year-on-year basis, the
2006 figures were affected by the discontinuation of revenues following
the spin-off of the company's rotogravure printing activities into the
Prinovis joint venture.

Axel Springer furthermore reported a sharp rise in its annual net income
from EUR 231 million to EUR 291 million, helped partially by a statutory
amendment and the ensuing capitalization of a corporation tax credit.
Considering the significant earnings increase, the Management Board is
proposing to more than double the dividend per share from EUR 1.70 in FY
2005 to EUR 3.50 for FY 2006.


Axel Springer AG
Axel-Springer-Str. 65
D-10888 Berlin
Germany


Press contact:
Edda Fels
Tel: +49-30-2591-77600
edda.fels@axelspringer.de

Investor Relations Contact:
Claudia Thomé
Tel: +49-30-2591-77421
claudia.thome@axelspringer.de


DGAP 21.02.2007
---------------------------------------------------------------------------

Language: English
Issuer: Axel Springer AG
Axel-Springer-Straße 65
10888 Berlin Deutschland
Phone: +49 (0)30 2591-77401
Fax: +49 (0)30 2591-77422
E-mail: ir@axelspringer.de
WWW: www.axelspringer.de
ISIN: DE0005501357, DE0005754238, DE000A0LD6M9
WKN: 550135, 575423, A0LD6M
Indices:
Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in
Berlin-Bremen, Stuttgart, München, Hamburg, Düsseldorf

End of News DGAP News-Service

---------------------------------------------------------------------------

Investor contact: Claudia Thomé
Tel: +49 30 2591 77421