24th annual general meeting of R. STAHL AG, which took place in Neuenstein today, decided on a dividend payment of EUR 0.60 per share for fiscal year 2016 (previous year EUR 0.60). Total payout thus amounts to EUR 3.9 million (previous year: EUR 3.9 million). With a dividend of EUR 0.60 per share, Executive Board and Supervisory Board again demonstrate strength and confidence. The annual general meeting granted discharge for the members of the Executive Board and the management for fiscal year 2016 and approved all items on the agenda.
At this year's annual general meeting, R. STAHL looked back on a year that was characterized by the biggest sales crisis in the major customer industry, the oil and gas sector. In this difficult market environment, the company successfully defended its profitability with focussed sales initiatives and systematic cost management, despite a drop in sales. To be able to grow independently of the development of the oil and gas sector in future, R. STAHL increasingly concentrates on the expansion of business with the chemical and the pharmaceutical industry, on the expansion of the service business and on innovations. Additional focus is put on automation solutions, which particularly profit from the megatrend of increasing networking and "Industry 4.0".
In a lively and objective debate, the shareholders and shareholder representatives discussed the past fiscal year and the strategic direction of the company. More than 340 shareholders attended the annual general meeting. When the vote was taken, 5.32 million shares were represented, which corresponds to a proportion of 82.6 percent of the share capital.
The shares of R. STAHL AG are traded on the Regulated Market/Prime Standard of Deutsche Boerse (ISIN DE000A1PHBB5).
R. STAHL AG
Am Bahnhof 30, 74638 Waldenburg (Wuertt.)
Dr. Thomas Kornek
Head of Investor Relations & Corporate Communications
F: +49 7942 943-1395
E: [email protected]