ElringKlinger Annual General Meeting Confirms Dividend and Elects New Supervisory Board Chairman

At the 119th Annual General Meeting of ElringKlinger AG, shareholders approved a stable dividend payment of EUR 0.15 per share for the financial year 2023. Held virtually, the meeting saw a 72.0% representation of voting share capital, with the dividend proposal receiving substantial backing at 99.7%. Helmut P. Merch was named the new Chairman of the Supervisory Board, succeeding Klaus Eberhardt.

Further resolutions, including the approval of Management and Supervisory Boards' actions and the compensation system, were passed with high approval rates. CEO Thomas Jessulat's remarks highlighted the company's resilience and strategic advances, particularly in electromobility and the SHAPE30 strategy aiming for significant revenue from non-combustion engine products by 2030.

The company remains optimistic about achieving slight organic revenue growth and maintaining an adjusted EBIT margin of approximately 5% for the current year, amidst ongoing economic challenges. Ludger Heuberg, with extensive managerial experience, joins as a new Supervisory Board member, after Klaus Eberhardt's resignation earlier this year.