400 shareholders attend Dürr annual meeting in Stuttgart
06/22/2005
About 400 shareholders attended Dürr AG's annual meeting today at the Liederhalle Cultural and Congress Center in Stuttgart.
Although Dürr returned to the black in 2004 with earnings before taxes of Euro 11.8 million, the annual meeting has resolved not to pay a dividend. Unappropriated profit is to be used to further strengthen the company's equity base.
The shareholders discharged the Board of Management and the Supervisory Board from liability for the past fiscal year with 99.8% and 99.5% of the votes, respectively. Accounting firm Ernst & Young AG, Stuttgart, was again appointed as auditor for fiscal 2005. A large majority of the shareholders in attendance also approved the other proposals submitted for resolution by the Board of Management and the Supervisory Board, such as authorization to buy back Dürr stock.
Large parts of the Dürr annual meeting were broadcast live on the internet. Documents related to the annual meeting may be called up at our website www.durr.com.
The Dürr Group is one of the world's leading suppliers of production systems and of modules and components in the area of measuring and process systems. It focuses primarily on the automotive and aviation industries as well as the mining and basic materials industries.
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