After a long holding period - I parted with the dividend stock.
Since my sales usually result in rising prices (see: $SDF (-1.55%) , $GE (+1.4%)
$2330 , etc) maybe interesting for you?
Great approval at the Annual General Meeting 2025 of the PWO Group
Carlo Lazzarini (CEO): "2024 was another record year for the PWO Group. We have initiated a lot in recent years and achieved even more. We are working very specifically on further forward-looking goals."
Unchanged dividend of EUR 1.75 for the 2024 financial year
Confirmation of the annual forecast for 2025
Presentation of the 2045 climate protection strategy
Oberkirch, June 5, 2025 - At the Annual General Meeting 2025, the successful development of the PWO Group was honored by the shareholders with great approval. All items on the agenda were adopted with large majorities. Around 66% of the company's share capital was represented.
In his speech, CEO Carlo Lazzarini reported on another outstanding financial year for the PWO Group. Despite the recession, revenue in 2024 matched the previous year's record level, while EBIT before currency effects rose to the highest level in PWO's history.
In the four years since the start of the realignment of the PWO Group, the automotive industry has faced many headwinds. At the same time, we have implemented far-reaching changes within our Group. Nevertheless, we have grown strongly and increased our EBIT. Last but not least, we were also able to significantly reduce our net debt, which means that our balance sheet is robust and our free cash flow is high.
The cornerstones of our development continue to be innovation-based, consistently high and profitable new business, careful internal management of profitability and cash flow and the determined exploitation of opportunities.
Our unwavering commitment to climate protection is also a key component of our strategy for the future. By 2023, we had already exceeded the SBTi-validated 2030 targets for emissions reductions from our own business activities and reduced our greenhouse gas emissions by more than half compared to the base year 2019.
No profit for me except dividends.
