EQS-News: voestalpine AG / Announcement of the Results of the General
Meeting
voestalpine AG: voestalpine Annual General Meeting approves dividend of
EUR 0.60
02.07.2025 / 16:11 CET/CEST
Announcement of the Results of the General Meeting, transmitted by EQS
News - a service of EQS Group.
The issuer is solely responsible for the content of this announcement.
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voestalpine Annual General Meeting approves dividend of EUR 0.60
At today’s 33rd Annual General Meeting of voestalpine AG, a dividend of
EUR 0.60 per share was agreed for the business year 2024/25 (previous
year: EUR 0.70). The payment of the dividend will be made starting July
15, 2025 (ex-dividend day: July 10, 2025). voestalpine has paid dividends
to its shareholders every year since its IPO in 1995. Starting with the
2025/26 business year, the Group is adjusting its dividend policy and will
in future propose a dividend of 30% of earnings per share, but at least
EUR 0.40 (per share), to the Annual General Meeting. Another item on the
agenda was the election of Reinhard Schwendtbauer as a new member of the
Supervisory Board of voestalpine AG. The CEO of Raiffeisenlandesbank
Oberösterreich AG succeeds Heinrich Schaller.
Once again, voestalpine showed resilience and strength in the 2024/25
business year (April 1, 2024 – March 31, 2025), achieving a solid result
despite extremely challenging conditions. The decline in revenue and
earnings is also reflected in the slight decrease in the dividend from
EUR 0.70 in the 2023/24 business year to EUR 0.60 per share in the 2024/25
business year. Relative to voestalpine’s average share price of EUR 22.28
in the business year 2024/25, the dividend yield is 2.7%. Since its IPO 30
years ago, voestalpine has continuously paid dividends to its
shareholders, with an average dividend yield of 3.5%.
New dividend policy will mean more predictability and stability for
shareholders
As communicated in an ad-hoc announcement on Monday, voestalpine presented
its new dividend policy at today’s Annual General Meeting: Starting in the
2025/26 business year (April 1, 2025 –
March 31, 2026), the Management Board’s dividend proposal to the Annual
General Meeting will provide for a distribution of 30% of earnings per
share, provided that the debt ratio (net financial debt to EBITDA ratio)
is below 2.0 after the dividend payment. Irrespective of this, a minimum
dividend of EUR 0.40 per share is determined in any case. Additional
distributions and/or share buybacks are possible in the event of
exceptionally good earnings and a corresponding debt ratio.
This model ensures a balance between performance-related yet stable
shareholder participation in the company’s success on the one hand, and
safeguarding a resilient and solid capital structure for future growth on
the other. The dividend policy will be reviewed every four years.
Personnel changes to the Supervisory Board
Heinrich Schaller stepped down from the Supervisory Board of voestalpine
AG at today’s Annual General Meeting. Reinhard Schwendtbauer, CEO of
Raiffeisenlandesbank Oberösterreich AG, was newly elected to the
Supervisory Board today and unanimously elected Deputy Chairman of the
Supervisory Board of voestalpine AG at the subsequent Supervisory Board
meeting. The business administration graduate initially worked for many
years as Managing Director of the consulting firm Finadvice Austria. He
has been a Member of the Management Board of Raiffeisenlandesbank
Oberösterreich AG since 2012 and took on the role of Chairman in 2025.
There have also been personnel changes in the Supervisory Board among the
members delegated by the Works Council: Reinhard Lang succeeded Josef
Gritz in October 2024, who retired at the end of June 2024. On May 1,
2025, Manfred Hippold replaced Hans-Karl Schaller on the Supervisory Board
of voestalpine AG, who also retired from voestalpine due to his age.
Authorization of the Management Board to buy back own shares
The Annual General Meeting also authorized the Management Board to buy
back no-par bearer shares to a maximum of 10% of the company’s total share
capital. This is effectively a renewal of the authorization for a share
buyback program issued in 2023 which, among others, will be used to expand
the employee shareholding scheme or to service convertible bonds. The
share buyback program is authorized to run for a period of 30 months. In
this connection, the Management Board of voestalpine was also authorized
to buy back its own shares in a manner other than via the stock exchange,
or via a public offer, or to redeem own shares, thereby reducing the share
capital.
The voestalpine employee shareholding scheme is celebrating its 25th
anniversary
The voestalpine employee shareholding scheme is the largest of its kind in
Austria, in terms of both the percentage of voting rights and the value of
shares, and has been considered exemplary in Europe for many years. The
concept was developed in the year 2000. It bundles voting rights in an
employee shareholding foundation, contributing significantly to the stable
ownership structure of the Group, and also enabling employees to
participate directly in the company’s success. Employees at voestalpine
currently hold over 14% of the voting rights in voestalpine AG.
The voestalpine Group
voestalpine is a globally leading steel and technology group with a unique
combination of materials and processing expertise. voestalpine, which
operates globally, has around 500 Group companies and locations in more
than 50 countries on all five continents. The voestalpine Group has been
listed on the Vienna Stock Exchange since 1995. With its premium products
and system solutions, voestalpine is a leading partner to the automotive
and machinery industries, as well as to the aerospace and energy
industries. The company is also the global market leader in railway
systems and special sections. voestalpine is committed to the global
climate goals and has a clear plan for transforming steel production with
its greentec steel program. In the business year 2024/25, the Group
generated revenue of EUR 15.7 billion, with an operating result (EBITDA)
of EUR 1.3 billion; it has around 49,700 employees worldwide.
Please direct your inquiries to
voestalpine AG
DI (FH) Peter Fleischer
Head of Investor Relations
voestalpine-Strasse 1
4020 Linz, Austria
T. +43/50304/15-9949
peter.fleischer@voestalpine.com
www.voestalpine.com
voestalpine AG
Mag. Peter Felsbach, MAS
Head of Group Communications I Spokesman
voestalpine-Strasse 1
4020 Linz, Austria
T. +43/50304/15-2090
peter.felsbach@voestalpine.com
(1)www.voestalpine.com
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02.07.2025 CET/CEST
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Language: English
Company: voestalpine AG
voestalpine-Straße 1
4020 Linz
Austria
Phone: +43 50304/15-9949
Fax: +43 50304/55-5581
E-mail: IR@voestalpine.com
Internet: www.voestalpine.com
ISIN: AT0000937503
WKN: 897200
Listed: Vienna Stock Exchange (Official Market)
End of News EQS News Service
2164268 02.07.2025 CET/CEST
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