Stepping into the
future
4th
Annual General Meeting of GfK SE
Nuremberg, May 16, 2012
– At today’s 4th Annual General Meeting of GfK SE, a minimum of 83.65%
of the shareholders of GfK SE voted in favor of the resolutions proposed by the
Supervisory Board and the Management Board. Approximately 250 shareholders and proxies,
representing 85.82% of all shares, attended the Annual General Meeting.
This year’s Annual General Meeting of GfK SE, held at the Stadthalle in
Fürth, discussed and voted on a total of ten items. With a large majority, shareholders
and proxies agreed to the proposal of the Supervisory Board and Management
Board regarding payment of a dividend of EUR 0.65 per share. The 35% increase
in the rate of distribution was welcomed, as was the intention to distribute
around 30% of the profit to shareholders in the future. To date, the dividend
rate has amounted to around 20%. The dividend payment of EUR 0.65 per share
already corresponds to 27%. With this increase, the Management Board is
highlighting its confidence in terms of future business development.
In addition, the General Meeting authorized the Management Board to
issue options or convertible bonds equivalent to a total new amount of EUR 250
million up to May 15, 2016. The previous authorization expires on May 22, 2012.
As in the previous years, KPMG AG, Nuremberg, Germany, were appointed to
audit the financial statements and consolidated financial statements for the
2012 financial year.
At the Annual General Meeting, it was also announced that the
Supervisory Board unanimously resolved on May 15, 2012 to extend the contract
of Pamela Knapp as Member of the Management Board (CFO) of GfK SE for a further
five years as of October 31, 2012. Pamela Knapp has therefore been appointed as
a member of the Management Board until October 31, 2017.
Matthias Hartmann, CEO of GfK SE, provided an overview of the financial
year ended and the annual financial statements for 2011. He emphasized, “The
past year marked a year of change. It was a year which opened a new chapter in
the company’s history, for clients and employees, with the launch of the new Own
the Future corporate strategy.” The response from shareholders was positive in
respect of the successful past financial year, in which sales and consolidated
total income rose to new record levels, and the excellent first quarter of 2012.
In his outlook for the current financial year, Matthias Hartmann underlined
that GfK was confirming its ambitious medium-term targets for sales and the
margin. Accordingly, the company plans to increase sales in 2012 by around 9%
to approximately EUR 1.5 billion. In the coming years, GfK will focus its
activities to generate growth in around 30 countries worldwide, particularly
the USA and BRIC countries. Following the acquisition of Knowledge Networks,
the leading US expert in digital research, and Bridgehead International, a
leader in healthcare consulting, GfK has already recorded initial successes
this year and reported strong organic sales and income growth in all regions
for the first quarter of financial year 2012.
About GfK
GfK is one of the world’s largest research companies, with more than
11,500 experts working to discover new insights into the way people live, think
and shop, in over 100 markets, every day. GfK is constantly innovating and
using the latest technologies and the most intelligent methodologies to give
its clients the clearest understanding of the most important people in the
world: their customers. In 2011, GfK’s sales amounted to EUR 1.37 billion.
Since January 1, 2012, GfK has been focusing on the two complementary
sectors of Consumer Choices and Consumer Experiences.
The Consumer Choices sector investigates what’s selling when and where.
It focuses on the continuous assessment of market segments and trends by
analyzing all major digital sales and information channels and media. The
former Retail and Technology sector and the Media sector’s TV, radio and print
measurement businesses have been folded into the new Consumer Choices sector.
The Consumer Experiences sector concentrates on consumers’ attitudes,
perceptions and behavior and answers the questions who is buying, why they are
buying and how they are buying. These are explored through highly creative,
robust and flexible methodologies. GfK is pioneering sophisticated new ways of
understanding how people experience brands and services. The former Custom
Research business and ad hoc research from the Media sector are included in
this new sector.
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