Siltronic AG pays a dividend of EUR 5.00 per share for 2018
The shareholders approved all items on the agenda. A total of approximately 69 percent of Siltronic AG's share capital was represented at the Annual General Meeting. The actions of the Executive and Supervisory Board of Siltronic AG were approved. The Supervisory Board's proposal for the election of the auditor for the 2019 fiscal year was also accepted.
In his address to the shareholders, CEO Dr. Christoph von Plotho reported on the 2018 financial year: "Demand from our customers continued to rise in 2018 as expected. One production record chased the next and prices improved again. 2018 was therefore by far the best year in Siltronic's history".
In the year of Siltronic AG's 50th birthday, sales of EUR 1.46 billion and an EBITDA of EUR 589 million were generated. In addition, the wafer manufacturer's share was included in the MDAX, the second most important stock exchange index in Germany, in September 2018 and continues to be listed in the TecDAX.
Looking at the current year, demand for silicon area declined in the first half of 2019. This is attributable to the general market environment, inventory corrections in the value chain and political as well as economic uncertainties. Siltronic AG is consistently meeting the current challenges and is continuing the cost-cutting programs already introduced in 2010.
"Current developments must not lead to a false impression. Siltronic is a healthy company. 2019 will probably be the second best year in our company's history - even if it will not be as outstanding as 2018," Dr. von Plotho continued.
The documents and voting results for the Annual General Meeting are available at www.siltronic.com in the Investor Relations/Annual General Meeting section.