Equity increased in total by € 211.1 million to € 624.0 million. In the reporting period, GILDEMEISTER carried out two capital increases. A capital increase was carried out in March from authorised capital in an amount of € 83.1 million. In April a pre-emptive rights capital increase was carried out of € 137.0 million. The total number of shares rose through the issue of a total of 14,586,240 new no par value shares from 45,582,003 to 60,168,243 shares. The registered capital increased by € 37.9 million to € 156.4 million; the capital provisions rose less transaction costs and deferred taxes due on such by € 177.0 million to € 257.1 million.
On 25 August 2011 the Executive Board passed a resolution to make use of the authorisation granted by the shareholders‘ meeting to buy back the company’s own shares (up to 3,068,581 shares in total). By 30 September 2011, a total of 1,805,048 shares had been purchased; this corresponds to a share of 3.0% of the registered capital of GILDEMEISTER Aktiengesellschaft. Pursuant to IAS 32.33, the treasury shares reduce equity as of 30 September 2011 (€ –20.7 million).
A rise in equity resulted from the group net income as of 30 September 2011 of € 18.1 million and changes in the fair value of derivative financial instruments (€ 10.8 million). Changes in available-for-sale assets and currency adjustments recognised in other comprehensive income by contrast led to a reduction in equity.