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Software AG GB 2012, englisch

SOFTWARE AG | ANNUAL REPORT 2012 88 Appropriation of profits The Company will continue its consistent dividend policy with a payout to stockholders between 20 and 25 percent of net income. The Management Board and Supervisory Board will therefore propose a dividend of €0.46 per share at the Annual Shareholders’ Meeting. With 86,097,990 shares outstanding (taking the share repurchase plan as of February 27, 2013 into account) and subject to the approval of the shareholders, this would be a total payout sum of €39.6 million (2011: €39.9 million). NET INCOME AND APPROPRIATION OF PROFITS The Software AG Group’s net income decreased from €177.2 million in 2011 to €164.7 million in 2012. The net financial expense improved year on year by €1.1 million to total €8.8 million (2011: €9.9 million). Pre-tax earnings were €231.5 million or 6.8 percent lower than the year before at €248.3 million. Income tax was €66.8 million, which is 6.0 percent less than the year before at €71.1 million. The income tax rate was similar to last year at 28.9 percent (2011: 28.6 percent) and within the expected range. The percentage of revenue contributed by the countries in which Software AG operates is mainly responsible for the marginal change in tax rate. Earnings per share (basic) were €1.90 (2011: €2.05). The average number of shares outstanding (basic) in the period under review amounted to 86,784,793 (2011: 86,195,814). in € millions FY 2012 FY 2011 Change in % EBIT 248.3 269.2 -8 Other tax -8.0 -11.0 -27 Net financial income/expense -8.8 -9.9 -11 Earnings before tax 231.5 248.3 -7 Income tax -66.8 -71.1 -6 Net income 164.7 177.2 -7 EPS in € 1.90 2.05 -7

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