abas Software AG shareholders' meeting approves dividends of 16% for common stock and 20% for preferred stock
Karlsruhe, Germany, June 18, 2013 — 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 software provider was able to significantly increase revenue and sales figures again in 2012 and has now recorded profits for 19 consecutive years.
Fiscal year 2012
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.
The company abas, which was founded in 1980, is now an international company group. Today, abas Software AG has 135 employees in Karlsruhe, and, together with abas sales and implementation partners, more than 750 employees worldwide. The core competence of abas Software AG is the development of a flexible ERP suite for midsize companies. More than 2,800 midmarket companies with approximately 90,000 users already use abas.
On January 1, 2014, the ERP developer abas Software AG and their long-time sales partner ABAS Projektierung Holding GmbH will combine there expertise in software development, sales, and project operations. The merger will create a company with annual revenues of about €33 million and 300 employees.
Additional information on abas:
Mark Muschelknautz (Head of Marketing)
[email protected] (Press and Public Relations)
Phone: +49 (0) 721 96 72 30; Fax: +49 (0) 721 96 72 31 00