PDF, 3.2 MB - Pfleiderer AG

Key Figures
2004 2003
No. of shares 42,685,000 42,685,000
Market capitalization as of Dec. 31 in million euros 362.40 227.51
Price as of Dec. 31 (Xetra) euros 8.49 5.33
High/low euros 8.52/3.93 5.33/1.65
Dividend euros 0.00 0.00
EPS euros 0.79 –1.07
Av. daily trading 67,623 34,575
During the summer break in the third quarter, profit-taking by some investors following publication
of the first-half figures at the beginning of August pushed the price back, consolidating it for
a while at 6.00 euros during low trading.
However, the fourth quarter saw the share pick up again during higher trading, reaching a peak
of 8.52 euros in December 2004. Market capitalization of the Pfleiderer Group increased to
363.7 million euros, the share having clearly outperformed the SDAX.
Trading in the Pfleiderer Share
Around 17.3 million shares of Pfleiderer AG with a value of 107 million euros were traded in fiscal
2004 in the Xetra electronic trading system and on the floor of the Frankfurt Stock Exchange.
Turnover per trading day averaged 67,623. The weakest month was August 2004 averaging 29,429
shares, while October 2004 was the month with the highest trading, averaging 115,642 shares
per trading day.
Earnings per Share/Dividend
Earnings per share (EPS) are calculated from the Group’s net income/loss for the year divided
by the weighted average of issued shares. In fiscal 2004, the Pfleiderer Group achieved an EPS
of 0.79 euros as against –1.07 euros in the previous year. This result includes one-off earnings
from the disposal of the Business Units Poles & Towers USA and Europe. Accordingly, this report
also shows EPS excluding this one-off effect: EPS for continued operations increased from
0.10 euro in 2003 to 0.13 euro in 2004.
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