Record results for Weng Fine Art AG
For the fourth successive time, Weng Fine Art AG increased turnover and earnings to new record levels in the past fiscal year. While turnover gained some 14%, EBIT rose by 38% and preliminary figures indicate the net income increased by as much as 58%. The Board is therefore in a position to propose a significantly higher dividend at the annual general assembly. There was particularly strong selling in the 1st half of the year, although the turbulence in the financial markets during the summer also negatively impacted the business of Weng Fine Art AG in the 2nd half. Despite the declining U.S. dollar and the associated declining turnover in the U.S., over 60% of the sales were made abroad. France is currently the largest sales market for Weng Fine Art AG because of its connection to the Artémis Group in Paris. The company only supplies commercial buyers and institutions, and is therefore not present at large international exhibitions or trade fairs.
