Schloss Wachenheim AG - Konzern


Sektkellerei Schloss Wachenheim AG Aims to Raise Dividend

Tuesday, 12. Dezember 2006

Ad hoc bulletin pursuant to article 15 of the German Securities Act

Wachenheim, December 12, 2006. Thanks to a very successful 2005/2006 business year (ending June 30), Sektkellerei Schloss
Wachenheim AG is increasing its dividend payout to shareholders. On February 7, 2007, the board of directors and the supervisory board will propose to the general meeting of shareholders that the dividend be increased by one-third to 0.16 Euro per share (last year: 0.12 Euro). This was the tenor of a bulletin issued by SSW following a meeting of the supervisory board last Tuesday.

According to final figures that have just become available, the net sales revenues of the Schloss Wachenheim Group (now being reported for the first time without the sparkling-wine and alcohol taxes) for the last business year were up 2.3 percent and now stand at 259.7 million Euros (previous year: 253,8 million Euros). Once again, the European foreign markets were the main growth drivers. Thanks to a number of special factors and nonrecurrent income, earnings before taxes (EBT) expanded by 82 percent to 17.5 (9.6) million Euros. The group's annual net profit likewise climbed 85 percent to 13.8 (7.5) million Euros. Earnings per share figure to 1.30 Euros this year (after 0.87 Euro last year). The annual report was generated according to international financial reporting standards (IFRS) for the first time.

The consolidated balance sheet displays a significant increase in equity capital to 111.3 million Euros (last year acc. to IFRS: 76.8 million Euros). This was mainly attributable to the initial public offering of SSW's East-European subsidiary Ambra, in combination with the high annual net profit for 2005/2006.