Drägerwerk AG & Co. KGaA Announces Substantial Dividend Hike at 2024 Shareholders' Meeting

Drägerwerk AG & Co. KGaA completed its 2024 Annual Shareholders' Meeting with a significant decision to increase dividends following a profitable 2023 fiscal year. With 46.2 percent of the share capital represented, shareholders concurred with the proposal presented by the Supervisory and Executive Boards. This resolution raised the ordinary share dividend to EUR 1.74 from EUR 0.13 and the preference share dividend to EUR 1.80 from EUR 0.19.

Chairman Stefan Dräger expressed gratitude towards shareholders for their trust, reflecting on the strong fiscal performance including a net profit and a solid equity ratio of over 40 percent. He highlighted the company's completion of capital structure simplification, promising further dividend rewards based on a minimum of 30 percent of future profits.

In his address, Stefan Dräger set forth the business strategy focusing on three median-term corporate objectives intended to boost profitability and innovative leadership. The company aims to enhance its margin yearly and expand its systems business expertise, striving for noticeable improvements in DVA from 2024 onward.