Higher dividend approved at Annual General Meeting
Bietigheim-Bissingen, May 15, 2015 – Dürr AG has raised its dividend by 14%, paying out € 1.65 per share for the financial year 2014. A resolution to this effect was adopted by the shareholders at today’s Annual General Meeting in response to a proposal by the company. At € 57.1 million, the total dividend payout has reached a new all-time high. Measured in terms of Group after-tax earnings, the dividend quota has increased from 36% in the preceding year to a current level of 38%. This puts it at the upper end of Dürr´s target range of 30 to 40%.
Ralf W. Dieter, CEO of Dürr AG, said to approx. 600 shareholders and guests: “2014 was again a good year for Dürr. By raising our dividend, we want to allow our shareholders to participate in this success story.” Mr. Dieter thanked the company’s employees, underscoring the high level of commitment and dedication of its global workforce.
Ralf W. Dieter explained the “Dürr 2020” strategy: “Our plan is to further develop Dürr into a mechanical and plant engineering company with a broader positioning for efficient production technology and to boost our sales to € 4-5 billion by the year 2020.” The integration of the HOMAG Group taken over in October 2014 is a key milestone on this course: “HOMAG is an additional mainstay for Dürr that will secure future growth for our company.”
With an attendance of 72%, at the Annual General Meeting the actions of the Board of Management and Supervisory Board were ratified with over 98% of votes, respectively. All other resolutions put to the vote were also accepted by the shareholders with a large majority. The voting results are published here: Annual General Meeting 2015
The Dürr Group is one of the world's leading mechanical and plant engineering firms. Products, systems and services offered by Dürr enable highly efficient manufacturing processes in different industries. Business with automobile manufacturers and their suppliers accounts for approximately 65% of Dürr's sales. Other market segments include, for example, the mechanical engineering, chemical and pharmaceutical industries and – since the takeover of HOMAG Group AG in October 2014 – the woodworking industry. Dürr has 92 business locations in 28 countries. With 14,200 employees, the Group plans to generate sales revenues of € 3.4 - 3.5 billion in 2015. The Dürr Group operates in the market with five divisions:
- Paint and Final Assembly Systems: paint shops and final assembly systems for the automotive industry
- Application Technology: robot technologies for the automatic application of paint as well as sealants and adhesives
- Measuring and Process Systems: balancing and cleaning systems as well as testing and filling technology
- Clean Technology Systems: exhaust-air purification systems and energy-efficiency technology
- Woodworking Machinery and Systems: machinery and systems for the woodworking industry