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| Datum : | 15.05.2014 |
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DGAP-News: Wacker Chemie AG: ANNUAL SHAREHOLDERS' MEETING 2014: WACKER BACK ON TRACK FOR GROWTH IN 2014 |
| Meldung : | DGAP-News: Wacker Chemie AG / Key word(s): AGM/EGM Wacker Chemie AG: ANNUAL SHAREHOLDERS' MEETING 2014: WACKER BACK ON TRACK FOR GROWTH IN 2014 15.05.2014 / 14:20 --------------------------------------------------------------------- - EXECUTIVE AND SUPERVISORY BOARDS' PROPOSALS ADOPTED BY LARGE MAJORITY OF SHAREHOLDERS - DIVIDEND FOR 2013 AMOUNTS TO EUR0.50 - SALES AND EARNINGS EXPECTATIONS FOR 2014 REAFFIRMED Munich, May 15, 2014 - Following a solid first quarter, Wacker Chemie AG anticipates sales and earnings growth for full-year 2014. This was underscored by Rudolf Staudigl, CEO of the Munich-based chemical company, at its 2014 Annual Shareholders' Meeting. "This year, we are on track for growth again, as seen in our first-quarter figures," said Staudigl in his speech to some 1,000 shareholders at the International Congress Center in Munich. In Q1 2014, WACKER's sales and earnings figures were markedly better compared with last year's first and fourth quarters. Staudigl reaffirmed the full-year forecast. Relative to last year (EUR4.48 billion), he expected Group sales to rise by a mid-single-digit percentage. EBITDA is projected to climb at least 10 percent above the prior-year figure (EUR679 million). Turning to WACKER's centennial this year, Staudigl said he was confident about the years ahead: "The qualities that have always characterized WACKER are entrepreneurship and the courage to initiate change. Our company's history offers plenty of examples." PVC, he added, is a case in point - the Group's main sales driver of the 1980s was given up entirely in 2000. WACKER, he continued, has become more and more international over the years. For example, it has strongly expanded its presence in China, a key growth market. WACKER's flexibility and willingness to change, said Staudigl, have always been based on people who identify very closely with the company and reliably promote its success with unswerving commitment - from one generation to the next. "With this combination of tradition and progress, expertise and experience, and innovation and identification, WACKER is headed for a good future in the coming decades," emphasized the CEO. For 2013, WACKER is distributing a dividend totaling EUR24.8 million to shareholders, compared with EUR29.8 million a year earlier. The dividend per dividend-bearing share is EUR0.50, after EUR0.60 a year ago. The Executive and Supervisory Boards' other proposals were also adopted by large majorities. Resolutions and Voting Results At today's Annual Shareholders' Meeting, 40,410,092 voting shares were represented - 77.48 percent of all eligible shares (total number of shares outstanding: 49,677,983). The voting results were as follows for agenda items 2 through 6: Item 2: Resolution on the Appropriation of Profits The Executive and Supervisory Boards proposed that 2013's retained profit of EUR636.1 million be appropriated as follows: EUR24.8 million to be distributed to shareholders and EUR611.3 million to be carried forward to new account. The proposal was adopted. The result was: - 40,376,483 Yes votes (99.96 percent) - 17,883 No votes Item 3: Resolution on the Ratification of the Actions of the Executive Board The proposal of the Executive and Supervisory Boards to ratify the actions of the members of Wacker Chemie AG's Executive Board with respect to 2013 was adopted. The result was: - 40,345,346 Yes votes (99.99 percent) - 4,190 No votes Item 4: Resolution on the Ratification of the Actions of the Supervisory Board The Executive and Supervisory Boards' proposal to ratify the actions of the members of Wacker Chemie AG's Supervisory Board with respect to 2013 was adopted. The result was: - 39,632,291 Yes votes (98.27 percent) - 699,625 No votes Item 5: Election of Auditor The Supervisory Board's proposal to appoint KPMG AG as auditor for 2014 was adopted. The result was: - 40,387,262 Yes votes (99.99 percent) - 5,771 No votes Item 6: Approval to Amend the Profit and Loss Transfer Agreements Between Wacker Chemie AG and Various Subsidiaries The proposal of the Executive and Supervisory Boards to approve the three amendment agreements to profit-and-loss transfer agreements with the following WACKER subsidiaries - DRAWIN Vertriebs-GmbH, Wacker-Chemie Versicherungsvermittlung GmbH and Alzwerke GmbH - was adopted, each by more than 99 percent. The voting results for the individual profit-and-loss transfer agreements have been published at www.wacker.com. Note to editors: All documents relating to Wacker Chemie AG's 2014 Annual Shareholders' Meeting can be downloaded from WACKER's website (www.wacker.com) under Investor Relations. This press release contains statements about the resolutions of the 2014 Annual Shareholders' Meeting. Said statements are not binding and serve the sole purpose of providing an overview. They may not always correspond to the exact wording and full extent of the resolutions adopted at the Annual Shareholders' Meeting. This press release contains forward-looking statements based on assumptions and estimates of WACKER's Executive Board. Although we assume the expectations in these forward-looking statements are realistic, we cannot guarantee they will prove to be correct. The assumptions may harbor risks and uncertainties that may cause the actual figures to differ considerably from the forward-looking statements. Factors that may cause such discrepancies include, among other things, changes in the economic and business environment, variations in exchange and interest rates, the introduction of competing products, lack of acceptance for new products or services, and changes in corporate strategy. WACKER does not plan to update the forward-looking statements, nor does it assume the obligation to do so. For further information, please contact: Wacker Chemie AG Media Relations & Information Christof Bachmair Tel.: +49 89 6279-1830 Fax: +49 89 6279-1239 christof.bachmair@wacker.com End of Corporate News --------------------------------------------------------------------- 15.05.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------- Language: English Company: Wacker Chemie AG Hanns-Seidel-Platz 4 81737 München Germany Phone: 0049-89-6279-1633 Fax: 0049-89-6279-2933 E-mail: investor.relations@wacker.com Internet: www.wacker.com ISIN: DE000WCH8881 WKN: WCH888 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 268552 15.05.2014 |
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