on Progress-Werk Oberkirch AG (isin : DE0006968001)
PWO Annual General Meeting Approves All Agenda Items with Large Majority
The PWO AG Annual General Meeting held on June 6, 2024, saw all agenda items approved by a large majority. Around 65% of the share capital was represented during the meeting.
CEO Carlo Lazzarini highlighted the company's achievements in 2023, emphasizing strong performance similar to 2022. An increase in the dividend per share from EUR 1.65 to EUR 1.75 for the 2023 financial year was announced. The forecast for 2024 was also confirmed.
A major focus was on the strategic development of the PWO Group. This includes the establishment of a new engineering and production site in Serbia, enhancing the group's expansion in the European mobility industry. Additionally, the company is accelerating its decarbonization efforts, surpassing the goals set by the Paris Agreement.
The meeting agenda included the approval of financial statements, formal approval of actions by the Executive and Supervisory Boards, the election of auditors, and remuneration-related resolutions. All proposals were accepted by a large majority.
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