voestalpine Annual General Meeting resolves EUR 0.50 dividend

7 July 2021 |

Despite the economic crisis, voestalpine AG closed its 2020/21 business year with a positive result and can once again significantly increase its dividend in the current business year. Specifically, a dividend of EUR 0.50 per share was resolved for the business year 2020/21 at today’s 29th Annual General Meeting. This is an increase of EUR 0.30 over the previous year’s dividend of EUR 0.20 per share. The Annual General Meeting, which was again a virtual meeting without the physical presence of shareholders, approved the proposal of the Management Board and Supervisory Board. The dividend will be transferred on July 19, 2021 (ex-dividend date: July 15, 2021).

Based on an average voestalpine share price of EUR 24.51 in the business year 2020/21, the dividend yield for this period is 2.0% (previous year: 0.9%). voestalpine AG has consistently distributed a dividend to its shareholders every year since going public in 1995, in total EUR 3.2 billion including this year’s dividend payment. The annual dividend yield over the entire listing period is 3.5%.

Authorization of the Management Board to repurchase own shares

The Annual General Meeting authorized the Management Board to repurchase own shares up to a maximum of 10% of voestalpine AG’s share capital. This essentially renews the authorization to repurchase own shares granted in 2019, which will in part be used to further expand the employee shareholding scheme and to cover any convertible bonds. The authorization to repurchase own shares is valid for a period of 30 months. The voestalpine Management Board was also authorized to dispose of treasury shares in ways other than on the stock exchange or via a public offering, and also to redeem own shares and thus to reduce the share capital.

20 years of voestalpine employee shareholding scheme: Europe-wide role model celebrates 20th anniversary

The voestalpine AG employee shareholding scheme—Austria’s largest employee participation plan in terms of both voting percentage and share value—celebrates its 20th anniversary this year. More than 25,000 employees worldwide are shareholders of the steel and technology group, making up 14.8% of the company’s voting rights.

The voestalpine Group

In its business segments, voestalpine is a globally leading steel and technology group with a unique combination of materials 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, it is a leading partner to the automotive and consumer goods industries as well as the aerospace and oil & gas industries; it is also the world market leader in railway systems, tool steel, and special sections. voestalpine is fully committed to the global climate goals, and its greentec steel program represents a clear plan for decarbonizing the production of steel. In the business year 2020/21, the Group generated revenue of EUR 11.3 billion, with an operating result (EBITDA) of EUR 1.1 billion; it had about 48,700 employees worldwide.