Rentabiliweb to Issue 2011 Dividends Multiplied by 10
Aug 10, 2011, 02:45 ET
BRUSSELS, August 10, 2011 /PRNewswire/ --
Rentabiliweb Group, supporting its shareholders, during the current worldwide financial crisis
Rentabiliweb Group announced that it will multiply by 10 the amount of dividends in 2011 compared to what has been paid in 2010.The 2011 dividend will represent around 40 cents per share.
Furthermore, in order to support its shareholders, the Board of Directors decided that an advance on dividend of several millions will be paid before the end of this fiscal year. Date and exact amounts will be specified later on.
"From now on,Rentabiliweb will be consideredboth as a growth and a yield stock. Given the excellent financial structure of our Group, with strong increase, with no debt and wide cash in bank, the board of Directors, on my proposal, voted this afternoon a significant distribution of dividends under the year 2011 to support our loyal shareholders in this global financial crisis," said Jean-Baptiste Descroix-Vernier, President of the Group. This decision is part of a new dividend policy established by a growing group.
In 2010, Rentabiliweb reported revenues increasing by 37.6%, with a 39.4% increase of its EBITDA.
The Group received, in last January, the official agreement from the Bank of France, as a payment institution, and has joined the "French Credit Card association" (GIE) in June 2011. Business outlook for future revenues and profits is being provided to reflect the underlying dynamics of this business for the coming years.
Rentabiliweb is one of the few listed companies on NYSE Euronext, with no debt.
In addition, the Group reaffirms be perfectly in line with its development plan in terms of activity, profitability and cash flow generation.
Find the statement at the group's all new corporate website:
Created in 2002, the Rentabiliweb group provides professionals and webmasters the largest platform of traffic monetisation services, with payment and micropayment solutions. It was accorded payment institution status by the Banque de France, in order to provide online payment solutions. It also develops affiliation programmes, provides online advertising solutions, interactive voice services with offline media and has recognised expertise in loyalty and direct marketing solutions.
Rentabiliweb is also one of the first French-speaking publishers with a package of services covering public entertainment: community services, family games, general public services and web advice, meetings and dating, women and well-being, humour and entertainment, etc.
The Group, which is listed on Euronext Brussels and Paris, compartment B, currently has 17 subsidiaries in Europe, Canada and Asia, and employs around 200 employees across the world. Rentabiliweb posted 2010 revenues of over €90m and €16.8m in EBITDA, up 39.4%.
Rentabiliweb is a company committed to social responsibility in its areas of business that it develops and rigorously applies the ten principles established by the UN in its Global Compact.
The Group is eligible for FCPI investments, the OSEO "Innovative company" certification and has been awarded PCI-DSS certification for its bank card payment platform.
Share this article