EQS-News: R. STAHL shareholders approve all agenda items at the Annual General Meeting with a clear majority
EQS-News: R. Stahl AG
/ Key word(s): AGM/EGM
R. STAHL shareholders approve all agenda items at the Annual General Meeting with a clear majority
Waldenburg, 27 June 2024 - At R. STAHL’s 31st Annual General Meeting held today, all agenda items submitted to a vote were approved by a clear majority. 151 shareholders were present in the Nobelgusch community and festival centre in Pfedelbach, Hohenlohe. They represented 5.14 million shares in the explosion protection specialist, corresponding to 79.82% of the share capital (previous year: 64.10%). Including votes submitted by post, 80.34% of the share capital was represented (previous year: 78.68%). The actions of the Executive Board and Supervisory Board were ratified by a clear majority for financial year 2023. BDO AG, Wirtschaftsprüfungsgesellschaft, Hamburg, was appointed as auditor of the annual and consolidated financial statements as well as auditor of the sustainability report, which R. STAHL has prepared annually since 2017. Following the implementation of the CSRD Directive (Corporate sustainability Reporting Directive) into German law, it is expected that the sustainability report will be subject to an external audit requirement beginning in financial year 2024. Shareholders also approved the Executive Board compensation report for the previous year and the compensation system for the Executive Board, which has been expanded to include a sustainability component. Executive Board reflects on positive financial year 2023 and discusses strategy CEO Dr. Mathias Hallmann first presented the very positive overall business figures for 2023. He then provided examples in his presentation to explain in detail the sustainable and successful implementation of the EXcellence 2030 Group strategy. In addition to innovative digital products such as the digital twin, the Chairman of the Executive Board also presented the opportunities in the hydrogen and nuclear growth markets. Alongside extensive investments at the German sites in Waldenburg and Weimar, the company will continue to press ahead with its internationalization and significantly increase capacity with the expansion of the Indian plant in Chennai. “We are making excellent progress with the implementation of our strategy. The successes we have already achieved are an incentive for the entire R. STAHL team to continue along the path we have chosen and to take advantage of the growth opportunities that present themselves”, says Dr. Hallmann. Outlook for 2024 confirmed The CEO remains optimistic for 2024 as a whole and has confirmed the forecasts. R. STAHL expects Group sales to grow to between € 335 million and € 350 million (2023: € 330.6 million). EBITDA pre exceptionals will be between € 35 million and € 45 million (2023: € 38.6 million). In terms of free cash flow, the company expects a mid single-digit positive million euro amount in 2024 (2023: € 0.3 million). The detailed voting results of today’s Annual General Meeting and the presentation from the AGM will be available shortly on the company’s website under Investor Relations (https://r-stahl.com/en/global/corporate/investor-relations/annual-general-meeting/).
About R. STAHL – www.r-stahl.com
Forward-looking statements Contact: R. STAHL AG Judith Schäuble Director Investor Relations Corporate Communications Am Bahnhof 30 74638 Waldenburg (Württ.) Germany Tel. +49 7942 943-1396 [email protected]
27.06.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
Language: | English |
Company: | R. Stahl AG |
Am Bahnhof 30 | |
74638 Waldenburg | |
Germany | |
Phone: | +49 (7942) 943-0 |
Fax: | +49 (7942) 943-4333 |
E-mail: | [email protected] |
Internet: | www.r-stahl.com |
ISIN: | DE000A1PHBB5 |
WKN: | A1PHBB |
Listed: | Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Tradegate Exchange |
EQS News ID: | 1935049 |
End of News | EQS News Service |
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1935049 27.06.2024 CET/CEST
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