UK Markets closed

Annual General Meeting 2022 of Alzchem Group AG: Broad shareholder approval for growth course and dividend increase

  • Oops!
    Something went wrong.
    Please try again later.
·4-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

DGAP-News: Alzchem Group AG / Key word(s): AGM/EGM
Annual General Meeting 2022 of Alzchem Group AG: Broad shareholder approval for growth course and dividend increase
05.05.2022 / 16:09
The issuer is solely responsible for the content of this announcement.

Annual General Meeting 2022 of Alzchem Group AG: Broad shareholder approval for growth course and dividend increase

Trostberg, 5 May 2022 – Today’s virtual Annual General Meeting of Alzchem Group AG expressed its continued confidence in the Management Board and the Supervisory Board by discharging them for the fiscal year 2021 and approved all agenda items with a large majority. In particular, an increase in the dividend from EUR 0.77 to EUR 1.00 per share (total distribution of approximately EUR 10.1 million) was approved. The increased payout of approximately EUR 2.3 million reflects the very successful fiscal year 2021 with new record levels of sales, EBITDA and net income. The proposed resolutions on the election of the auditor of the annual financial statements and the consolidated financial statements, the approval of the remuneration report and the creation of new authorized capital also received strong approval from the virtual plenum.

“We are grateful for the broad approval of the Annual General Meeting, as it once again represents a great vote of confidence in our work and strategy. At the same time, we also see it as a great incentive for the further successful development of Alzchem Group AG. We are particularly pleased for our shareholders that as a growth company we can continue to combine our ambitious plans with a reliable dividend strategy,” explains Andreas Niedermaier, CEO of Alzchem Group AG. “The fact that we were able to achieve several best performances in 2021 makes us just as confident for the future as the successful start to the fiscal year 2022 with a new record in quarterly sales as well as EBITDA slightly above the previous year’s level. After all, we have achieved all this together with our team of employees despite the current geopolitical situation, the disruptions in global logistics chains, and the extreme rise in raw material and energy prices. We continue to see ourselves on a good path to develop our businesses forward and achieve the goals we have set.”

The detailed voting results for the individual agenda items at the Annual General Meeting can be downloaded from the website at https://www.alzchem.com/en/investor-relations/annual-general-meeting/.

About Alzchem
Alzchem is a globally active specialty chemicals company that is predominantly among the market leaders in its fields of activity. Alzchem benefits in particular from the three very different global developments of climate change, population growth and longer life expectancy. In order to achieve the resulting social goals, Alzchem products can offer attractive solutions with a wide range of different applications.

The company sees interesting growth prospects for itself especially in the areas of human and animal nutrition and agriculture. As a result of population growth, it is necessary to achieve efficient food production. Pharmaceutical raw materials and our creatine products can contribute to healthy aging as life expectancy increases. Alzchem is facing up to the goal of sustainability arising from climate change in the field of renewable energies and across the entire company. The fields of fine chemicals and metallurgy offer just as great a perspective.

The broad product range of Alzchem Group AG includes dietary supplements, precursors for corona tests and pharmaceutical raw materials. These products are our company’s response to global trends and developments. Alzchem is ideally positioned in this regard and sees itself as well equipped for an environmentally oriented future and global developments.

The company employs around 1,630 people at four production sites in Germany and one plant in Sweden, as well as two sales companies in the USA and China. In 2021, Alzchem generated consolidated sales of around EUR 422.3 million and EBITDA of around EUR 62.0 million.


05.05.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

Alzchem Group AG

Dr.-Albert-Frank-Str. 32

83308 Trostberg

Germany

Phone:

+498621862888

Fax:

+49862186502888

E-mail:

ir@alzchem.com

Internet:

www.alzchem.com

ISIN:

DE000A2YNT30

WKN:

A2YNT3

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Stuttgart

EQS News ID:

1345223


 

End of News

DGAP News Service

show this
show this
Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting