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IMA Industria Macchine Automatiche SpA approves FY 2013 dividend; comments on FY 2014 guidance; renews share buyback

Tuesday, 29 Apr 2014 08:40am EDT 

IMA Industria Macchine Automatiche SpA:The AGM resolved to distribute a dividend of 1.25 euros per share (2012: 1 euro) to be paid from May 29 (going ex-coupon no. 21 on May 26).Says the IMA Group's estimates for FY 2014 are positive, thanks to the high level of the order book at Dec. 31, 2013 (more than 53 pct of forecast sales for 2014) and the acquisition of orders that in late March is higher than in 2013.Says, if current conditions are confirmed in the coming months, FY 2014 should see growth in revenues and profitability, accompanied by a strengthening in the Group's main business areas.Estimates FY 2014 revenues of about 850 million euros and a gross operating profit (EBITDA) of about 127 million euros.FY 2014 revenues at 859.25 mln euros and EBITDA at 129.50 mln euros-Thomson Reuters I/B/E/S.The Shareholders' Meeting also approved the renewal of the authorization to buy and sell treasury shares up to the maximum limit permitted by law.The proposed purchase price is equal to the average stock price during the previous five days (+/-10 pct), while the proposed selling price will be at least the shares' average purchase cost.To date, IMA owns 5,500 treasury shares. 

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