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Dividend rises to EUR 1.01

Annual general meeting of HOMAG Group AG

HOMAG Group AG is paying out a dividend of EUR 1.01 per share to its shareholders for fiscal year 2015 (prior year: EUR 0.40). The corresponding resolution was passed at the annual general meeting of HOMAG Group AG in Freudenstadt. The dividend of EUR 1.01 corresponds in terms of its amount to the net guaranteed dividend that will be paid in the future. The guaranteed dividend was arranged in the course of the domination and profit and loss transfer agreement entered into with Dürr and replaces the previous variable dividend.

The Executive Board and Supervisory Board were exonerated by a large majority. The CFO of Dürr, Mr. Ralph Heuwing, who had been appointed to the Supervisory Board of the HOMAG Group by order of the court in October 2015, was confirmed as a member of the Supervisory Board by the shareholders. After the general meeting, the Supervisory Board confirmed Ralph Heuwing as Chairman of the Supervisory Board. Approximately 200 shareholders attended the general meeting, representing 79 percent of share capital.

During his address, the Chairman of the Executive Board, Pekka Paasivaara, highlighted the fact that the HOMAG Group had passed the one billion euro mark in terms of both order intake and sales revenue for the first time in the history of the company. He also presented the new organizational structure of the company and outlined the strategy to be pursued by the HOMAG Group in the coming years to evolve into an integrated industrial player on the international Scene.

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