EQS-News

Knorr-Bremse increases dividend by 13% to € 1.64

EQS-News: Knorr-Bremse Aktiengesellschaft / Key word(s): AGM/EGM Knorr-Bremse increases dividend by 13% to € 1.64 30.04.2024 / 13:49 CET/CEST The issuer is solely responsible for the content of this announcement. Knorr-Bremse increases dividend by 13% to € 1.64

• All agenda items approved by large majority at the Knorr-Bremse AG Annual General Meeting
• Dividend: total distribution reaches approximately € 264 million
• Payout ratio is 46% of consolidated net income

 

Munich, April 30, 2024 – At the Annual General Meeting of Knorr-Bremse AG today, the shareholders passed all items on the agenda with high approval rates. The shareholders also agreed to the proposal by the Executive Board and Supervisory Board to distribute a dividend of € 1.64 per share with dividend rights (161,200,000 shares) for the 2023 fiscal year. Compared with the previous year, this represents a significant 13% dividend increase. The payout ratio is approximately 46% of the consolidated net income for 2023, similar to the previous year, and is therefore consistent with the existing dividend policy of distributing 40% to 50% to shareholders.

Moreover, the shareholders agreed with around 95% to the modified remuneration system for the Executive Board, which puts an even stronger focus on the company’s profitability and earnings as well as its sustainability (ESG). Simultaneously, the modification increases the transparency of the system and reflects general developments in remuneration systems. 

The Annual General Meeting was held virtually. A total of roughly 90% of the share capital of Knorr-Bremse was represented at the Annual General Meeting.

A recording of the speeches given by the Chairman of the Supervisory Board and the members of the Executive Board, and the detailed results of the votes on the individual agenda items at the meeting will be available at www.ir.knorr-bremse.com in the near future.