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| Closing Price 10/9/2010: 60.05 |
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Printing under PDF format Groupe Bruxelles Lambert 2 March 2010 – After 17:45 Regulated information
The Board of Directors, meeting on
2 March 2010, approved GBL's IFRS consolidated financial statements for the
year 2009. These accounts have been approved unconditionally by the Auditor
Deloitte. Consolidated
results (IFRS) The
profit at 31 December 2009 amounted to EUR 1,058 million, reflecting the
partial reversal of EUR 650 million of the impairment on Lafarge. Excluding
disposals, impairments and reversal, the net result amounted to EUR 666
million, compared to EUR 749 million last year, primarily due to lower
contributions of the associated companies. Cash earnings stood EUR 602 million compared
with EUR 721 million for the same period in 2008. Dividends for the period remained
in line with last year at EUR 652 million, and included an amount of EUR 142
million composed by non recurring items. Income from the net cash
position declined significantly from one year to the next due to the
combined impact of a decrease in liquidities and sharp reduction in interest
rates. At the
end of 2009 GBL had a net cash
position of some EUR 600 million which does not take into account the private
equity investment commitments amounting to EUR 138 million. On the other hand, GBL
retains access to credit lines totalling EUR 1.8 billion. Dividend The Board will submit to the Ordinary
General Meeting of Shareholders, on 13 April 2010, a proposal for a 2009 gross
dividend of EUR 2.42 per share (payable as from 20 April 2010), a 5.2% increase
over the amount of EUR 2.30 paid for the previous year.
The coupon nr 12 will be clipped on 15 April 2010. The deadline for
depositing GBL shares in order to participate at the 2010 General Meeting is 8
April 2010. Elimination
of the bearer shares In accordance to the authorization by the Extraordinary General Meeting
of 24 April 2007 to the Board of Directors, the latter has decided to suspend
as from 1 January 2011 the exercise of the rights attaching to the bearer
shares until the said shares have been converted into dematerialised or
registered shares. Adjusted
net assets Based on
161,358,287 shares, adjusted net assets per share on 31 December 2009 amounted
to EUR 94.40 compared to EUR 79.39 on 31 December 2008, an increase of 19.0%. The
share price of EUR 64.30 on 26 February 2010 is in line with the price on 31 December
2009, which was EUR 66.05.
Annual Financial Report GBL's Annual Financial Report,
available on the group's website (http://www.gbl.be), offers shareholders more detailed information. Readers interested in an overview of GBL's
activities, performance and results in 2009 may refer to the section entitled Selected Financial Information on page 6
of this report. |
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