Waldenburg, 29 June 2023 - R. STAHL today held its 30th Annual General Meeting as a presence event in the Nobelgusch Community and Festival Hall in the German town of Pfedelbach after three years in a virtual format. With 4.1 million shares, the proportion of the total share capital represented at the Annual General Meeting was 64.10% and thus slightly above the previous year’s attendance (58.66%). Including the postal votes, 78.68% of the capital stock was represented (previous year 79.82%).
The actions of the Executive Board and Supervisory Board for financial year 2022 were approved by a clear majority of shareholders. BDO AG, Wirtschaftsprüfungsgesellschaft, Hamburg, was elected as auditor and Group auditor for financial year 2023. The shareholders present also approved the compensation report for the Executive Board and Supervisory Board. The amendments to the Articles of Association authorizing the Executive Board to convene virtual Annual General Meetings were also approved by a large majority. R. STAHL’s Executive Board and Supervisory Board do, however, generally prefer the presence of shareholders at Annual General Meetings to the virtual format.
Executive Board explains strategy and offers positive outlook
The Executive Board remains confident for the current financial year, despite the ongoing tense procurement markets. Dr. Hallmann confirmed the forecasts for full-year 2023. R. STAHL expects sales of between € 305 million and € 320 million and EBITDA pre exceptionals of € 30 million to € 36 million for the current year. “The new strategic direction is beginning to take effect, our sales markets are picking up, and R. STAHL is well positioned to take advantage of the growth opportunities that present themselves. I therefore expect R. STAHL to grow profitably on a sustained basis in the years ahead”, said CEO Dr. Hallmann.
Annual General Meeting elects new member of the Supervisory Board
The detailed voting results of today's Annual General Meeting will be available shortly on the Company's website under Investor Relations (Annual General Meeting | Investor Relations | Corporate | R. STAHL (r-stahl.com).
About R. STAHL – www.r-stahl.com
Typical customers are the chemical and pharmaceutical industry, the oil & gas industry - including LNG applications - as well as the food and beverage industry. Most of the R. STAHL products are also approved for use with hydrogen. In 2022 global sales amounting to around €274 million were generated by 1,676 employees. The shares of R. STAHL AG are traded on the Regulated Market/Prime Standard of Deutsche Boerse (ISIN DE000A1PHBB5).
R. STAHL AG
Direcotr Investor Relations & Corporate Communications
Am Bahnhof 30
74638 Waldenburg (Württ.)
Tel. +49 7942 943-1396
|Company:||R. Stahl AG|
|Am Bahnhof 30|
|Phone:||+49 (7942) 943-0|
|Fax:||+49 (7942) 943-4333|
|Listed:||Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Tradegate Exchange|
|EQS News ID:||1669293|
|End of News||EQS News Service|