EQS-News
SAF-HOLLAND SE: Annual General Meeting in person approves all agenda items
EQS-News: SAF-HOLLAND SE / Key word(s): AGM/EGM
Annual General Meeting in person approves all agenda items |
- Approval to substantial dividend increase to EUR 0.60 per share
- Approval to adjustment to Management Board remuneration system and remuneration of Supervisory Board
- Annual General Meeting confirms Jurate Keblyte as a member of the Supervisory Board
Bessenbach (Germany), May 23, 2023. SAF-HOLLAND SE (“SAF-HOLLAND”), one of the world’s leading suppliers of trailer and truck components, today held its ordinary Annual General Meeting 2023. The
Annual General Meeting was conducted in person for the first time after the COVID-19 pandemic and took place in Lohr am Main, Germany.
In his report to shareholders, Alexander Geis, CEO of SAF-HOLLAND SE, said: “The year 2022 was another year characterized by tremendous challenges and uncertainties. The corona pandemic was not yet over when Russia invaded Ukraine meaning that we were faced with another serious event that was felt by us all in our everyday lives and not only through the energy price explosion. In this difficult environment, SAF-HOLLAND performed better than we could have expected at the beginning of 2022, thanks to great flexibility and a clear focus on the needs of our customers. Despite a difficult macroeconomic environment and supply chains that, at times, were severely strained, we increased Group sales by 25.6% to a new record level of EUR 1,565.1 million. In terms of our key performance indicator for the Group, adjusted EBIT, we achieved EUR 124.6 million, compared to EUR 93.1 million in the previous year – an increase of 33.8% and an adjusted EBIT margin of 8.0%.”