May 29, 2009. /Lesprom Network/. The HOMAG Group AG Annual General Meeting gave the dividend of Euro 0.30 per share proposed by the Board of Management and the Supervisory Board a resounding vote of approval with a clear majority of more than 99%, the company said in a statement received by Lesprom Network. Board Spokesman Dr. Joachim Brenk looked back in his address to a successful financial year in 2008, which generated an Euro 856 million turnover (prior year: Euro 837 million) and a net profit after minority interests of Euro 31.9 million (prior year: Euro 32.0 million). He went on to outline the difficult situation facing the industry during the current year, the resulting weak 1Q 2009 of the HOMAG Group and the introduced saving measures. By the end of 2009, the Company plans to reduce headcount by some 1,000 employees compared to the level at the end of 2008, as well as reducing the number of contract workers by more than 300.