Siltronic AG pays dividend of EUR 2.50 for fiscal year 2017
A total of EUR 75 million will be paid to the shareholders, who are participating in the success of the Company in the form of a dividend for the first time since its initial public offering in 2015.
In the course of the regular election of the Supervisory Board, the shareholders appointed six shareholder representatives. Prof. Dr. Gabrijela Dreo Rodosek, Executive Director of the CODE research institute and Chair for Communication Systems and Network Security at the Universität der Bundeswehr (armed forces university) in Munich, and Michael Hankel, Member of the Executive Board of ZF Friedrichshafen AG, were elected as members of the Supervisory Board. Sieglinde Feist, Dr. Hermann Gerlinger, Bernd Jonas, and Dr. Tobias Ohler were re-elected as members of the Supervisory Board of Siltronic AG. Angela Wörl and Dr. Franz Richter have stepped down from their positions as shareholder representatives on the Supervisory Board.
The other proposed resolutions were also approved by the Annual General Meeting.
In the constituent Supervisory Board meeting immediately following the Annual General Meeting, Dr. Tobias Ohler, who has been a member of the Board since 2013, was re-elected as Chairman of the Supervisory Board.
In his speech, CEO and Chairman of the Executive Board Dr. Christoph von Plotho reported to the shareholders on the events of the 2017 fiscal year and stated: "Siltronic AG can look back on a successful 2017. In terms of both sales and EBITDA margin, the Company performed far better than initially expected at the beginning of the year."
Dr. von Plotho expects Siltronic to perform well again in 2018 and affirmed the outlook published in the Annual Report. Despite negative currency effects of around EUR 100 million, Siltronic forecasts sales well over EUR 1.3 billion and an EBITDA margin close to 40 percent.
Documents for the Annual General Meeting are available at: https://www.siltronic.com/en/investors/annual-general-meeting.html.