voestalpine AGM resolves EUR 1.40 dividend

4 July 2018 |

voestalpine AG closed the business year 2017/18 with new record figures for revenue and earnings. The technology and industrial goods group thus once again confirms its attractiveness as a profitable investment. At today’s 26th Annual General Meeting, a dividend of EUR 1.40 per (dividend-bearing) share was resolved for the business year 2017/18. The Annual General Meeting thus approved the proposal of the Management Board and the Supervisory Board. The current value represents an increase of no less than 27.3 percent over last year’s EUR 1.10 dividend. It is therefore the sixth year in a row that the company is paying out a higher dividend to its shareholders. The dividend will be transferred from Monday, July 16, 2018 (ex-dividend date: July 12, 2018).

Based on an average voestalpine share price of EUR 44.46 in the business year 2017/18, the dividend yield for this period is 3.1 percent. voestalpine AG has consistently distributed a dividend to its shareholders—i.e. every year—since going public in 1995, in the amount of EUR 2.8 billion in total (including this year’s dividend payment). The dividend yield over the total listing period of almost 23 years is 3.8 percent.

The voestalpine Group’s continuously positive business development is primarily due to its long-term successful orientation towards innovative technologies of the future, consistent cost management, and ongoing internationalization. The Group’s internationalization is also increasingly evident on the shareholder side in the Group’s employee participation plan. With the recent addition of Group companies in Spain and Sweden, this Europe-wide role model has been significantly expanded. The participation plan is now available in 12 countries with almost 150 participating Group companies. A total of 25,700 employees now hold an interest in voestalpine AG, which means that around 14 percent of the share capital is owned by the workforce. This makes the employees the second largest core shareholder of the Group.

The voestalpine Group

In its business segments, voestalpine is a globally leading technology group with a unique combination of material and processing expertise. voestalpine, which operates globally, has around 500 Group companies and locations in more than 50 countries on all five continents. It has been listed on the Vienna Stock Exchange since 1995. With its top-quality products and system solutions using steel and other metals, it is one of the leading partners to the automotive and consumer goods industries in Europe as well as to the aerospace and oil & gas industries worldwide. voestalpine is also the world market leader in turnout technology, special rails, tool steel, and special sections. In the business year 2017/18, the Group generated revenue of around EUR 13 billion, with an operating result (EBITDA) of almost EUR 2 billion; it has around 51,600 employees worldwide.