BAVARIA announces the 2007 dividends and group figures

4/30/2008, 8:30 PM (Source: GlobeNewswire)
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Corporate news announcement processed and transmitted by Hugin ASA.
The issuer is solely responsible for the content of this

The dividend payment increases by 200% to 3 euro per share and the
Group turnover increases by 23% to 410 million euro

BAVARIA Industriekapital AG had a successful year in 2007 with net
profits increasing by 70% to 23.2 million euro. As a consequence, the
board of directors and the supervisory board are going to suggest a
dividend payment in the amount of 3 euro per share. This constitutes
a triplication compared to last year's dividend of 1 euro per share.
Two years ago, the dividend was 0.33 euro. Far above- average
dividend payments have been made possible due to a high cash flow and
corporate financing which does not rely on outside capital and its
costs involved.

The cash in the BAVARIA group was 50.4 million euro at year end and
has further increased to 63.1 million euro by the end of the first
quarter 2008. Since the disposal of the Italian portfolio company
Almec SpA in April this year, BAVARIA group is in addition free of
any bank debt.

With 29.1 million euro, the Group EBITDA (earnings before
depreciation, interest and taxes) before the release of negative
goodwill was lower than the 32.1 million euro in the previous year.
Two of the most recent acquisitions contributed -5.2 million euro
while the other companies were mostly profit-able. This is typical
for the business model as BAVARIA generally acquires companies in a
difficult earning situation, in order to improve the bottom line. As
no profit-and-loss transfer agreements are concluded within the
BAVARIA Group, the losses suffered by the newly acquired subsidiaries
do not have a negative impact on the holding level.

The Chairman of the BAVARIA board, Reimar Scholz, explains: "The
improvements in profitability in our portfolio companies were
impressive in 2007. A strong management team together with a
dedi-cated work force helped to drive these improvements.
Considerable investments in new processes and the development of new
technologies were financed out of the cash flow. The profits from the
operations and the recent disposals enable us to increase the
dividend once again to 19.8 million euro for 2007 and also financed
the share buy-backs (2.8 million euro) up until the end of the first
quarter 2008. Our employees have participated in the profits by way
of a bonus system. We have also once more increased the size of our
acquisition and restructuring team, so that we are very optimistic as
far as the financial year of 2008 is concerned."

The Group turnover has increased by around 23% to 410 million euro.
The lower dollar will have an effect on some export markets, but the
strong order intake so far leads the management team to ex-pect a
further increase in the results for 2008. The annual financial
statements and the directors' re-port will be published after the
Supervisory Board's meeting on 9 May 2008. The Annual General Meeting
originally scheduled for 26 May 2008 will now take place on 20 June

BAVARIA Industriekapital AG's 2006 is listed in the Entry Standard on
the Frankfurt Stock Exchange (ISIN DE0002605557). Headquartered in
Munich, this industrial group invests in companies with strong market
positions and a potential to improve profits.

Additional information is available at the website

BAVARIA Industriekapital AG
Frau Svea Tröster
Investor Relations
Tel +49 (0)89 7298 967 0

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BAVARIA Industriekapital AG
Bavariaring 18 München Germany

260555; ISIN: DE0002605557;
Listed: Entry Standard in Frankfurter Wertpapierbörse, Freiverkehr in
Bayerische Börse München,
Freiverkehr in Börse Berlin, Freiverkehr in Börse Düsseldorf,
Freiverkehr in Börse Stuttgart, Freiverkehr in Hanseatische
Wertpapierbörse zu Hamburg,
Freiverkehr in Niedersächsische Börse zu Hannover;
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