Alzchem Group AG Shareholders Back Dividend Hike to EUR 1.20 at Annual Meeting

• Alzchem Group AG received strong support from shareholders at its Annual General Meeting.
• The dividend was increased to EUR 1.20 per share, up from EUR 1.05 the previous year, due to strong earnings performance in fiscal year 2023.
• The shareholders approved all items on the agenda, including the discharge of the Management Board and Supervisory Board, the appointment of the auditor for the annual and consolidated financial statements for 2024, and the sustainability report for 2024.
• The shareholders also approved the remuneration report, the authorization to acquire and use treasury shares, and an amendment to the articles of association.
• CEO Andreas Niedermaier stated that the company's transformation to specialty chemicals has proven successful and expects sustained profitable growth in the coming years.
• Alzchem Group AG, a globally active specialty chemicals company, employs around 1,690 people and generated Group sales of EUR 540.6 million and EBITDA of EUR 81.4 million in 2023.

The next important date, Annual general meeting, at Alzchem Group is on 07.05.2024.

The price of Alzchem Group at the time of the news was 44,20EUR and was down -1,56 % compared with the previous day.

Alzchem Group

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ISIN:DE000A2YNT30WKN:A2YNT3

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