20.05.2015
Progress-Werk Oberkirch AG DE0006968001
DGAP-News: Progress-Werk Oberkirch AG: Annual General Meeting approves all resolutions with a large
DGAP-News: Progress-Werk Oberkirch AG / Key word(s): AGM/EGM
Progress-Werk Oberkirch AG: Annual General Meeting approves all
resolutions with a large
20.05.2015 / 10:58
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- Almost 82 percent of share capital represented
- Annual General Meeting resolves dividend payment of EUR 1.45
- International expansion proceeded as planned in 2014
- 2015 outlook confirmed
Oberkirch, May 20, 2015 - Yesterday's 92nd Ordinary Annual General Meeting
of Progress-Werk Oberkirch AG approved all resolutions with majorities from
98 to 100 percent of the share capital represented. The agenda included the
presentation of the adopted financial statements, the appropriation of
profits, the discharge of members of the Management and Supervisory Boards,
the appointment of the auditor for fiscal year 2015, and resolutions to
cancel the existing authorized capital, the creation of a new authorized
capital, and the corresponding changes to the Articles of Association.
Additionally, the Annual General Meeting approved changes to the Articles
of Association relating to amendments to the Supervisory Board's
compensation and the new securitization of the shares.
At the Reithalle at the Kulturforum in Offenburg, PWO AG's Speaker of the
Management Board, Dr. Volker Simon, explained the key developments of
fiscal year 2014 to shareholders, shareholder representatives, and guests.
The focus of his comments was on the Group's internationalization strategy,
which it is pursuing consistently. Meanwhile, the Group achieves more than
two-thirds of its revenue outside of Germany. The Group continues to expand
its locations in the Czech Republic, China, and Mexico to further
strengthen its global position.
With regard to the current 2015 fiscal year, Dr. Simon confirmed the most
recent outlook. The Group expects revenues of approximately EUR 400 million
and an EBIT of roughly EUR 19 million.
Progress-Werk Oberkirch AG
The Management Board
PWO company profile
PWO is one of the world's leading developers and manufacturers of advanced
metal components and systems in lightweight construction for automobile
safety and comfort. The company has developed a unique knowledge in the
forming and joining of metals over the course of its 95-year history since
it was founded in 1919. The German location at Oberkirch today employs
around 1,500 staff members. The Group is globally represented with further
sites in China, Canada, Mexico, and the Czech Republic. It employs around
3,100 staff members worldwide.
PW0 is a partner to the global automotive industry for the development and
production of innovative products in the divisions of "Mechanical
components for electrical and electronic applications", "Safety components
for airbags, seats and steering" and "Components and subsystems for vehicle
bodies and chassis".
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Language: English
Company: Progress-Werk Oberkirch AG
Industriestraße 8
77704 Oberkirch
Germany
Phone: +49 (0)7802 84-0
Fax: +49 (0)7802 84-273
E-mail: [email protected]
Internet: www.progress-werk.de
ISIN: DE0006968001
WKN: 696800
Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart;
Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Munich
End of News DGAP News-Service
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