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EQS-News: PWO AG / Key word(s): AGM/EGM/Dividend
PWO Annual General Meeting approves all agenda items with a large majority
2024-06-07 / 14:15 CET/CEST
The issuer is solely responsible for the content of this announcement.
Press Release

PWO Annual General Meeting approves all agenda items with a large majority
Carlo Lazzarini (CEO): "Following a successful 2023, we will continue to strengthen the PWO Group and further expand
its global market position in 2024."
. Increase of the dividend per share from EUR 1.65 to EUR 1.75 for the 2023 financial year
. Confirmation of the forecast for 2024
Oberkirch, June 6, 2024- PWO AG held its Annual General Meeting 2024 yesterday; around 65 percent of the share capital
was represented.
In his speech, CEO Carlo Lazzarini reported to the shareholders on how PWO - following on from the record-breaking year
in 2022 - has once again pushed boundaries, broadened scope and opened additional prospects for the Group's further
development with another outstanding performance in 2023.
The targets for 2023 were achieved for all key performance indicators. Expectations for EBIT before currency effects
and the lifetime volume of new business were even raised twice over the course of the year. Shareholders are to
participate in this strong development with an increased dividend.
A key focus of the Management Board's report was the strategic development of the PWO Group. By laying the foundation
stone for a new engineering and production site in Serbia a few days ago, we are following our customers into one of
the most dynamic countries in the European mobility industry and tapping into additional growth potential beyond the
continued expansion of our existing Czech sites.
We are vigorously implementing the decarbonization of our business. In reducing greenhouse gases in Scope 1&2, we are
moving faster than the 1.5-degree path required by the Paris Agreement. We offer our employees many ways to realize
their personal career prospects at the PWO Group. At all levels and in all areas of our Group, we have therefore been
able to develop strong personalities. Thus, we manage the PWO Group with a lean two-member Executive Board and at the
same time implement an ambitious global growth strategy. Our success continues to be based on our completely
combustion-independent business model and our high innovative strength, which we use to support our customers in
ramping up the green mobility of the future.
The agenda of the 2024 Annual General Meeting included the presentation of the financial statements for the 2023
financial year as well as the resolutions on the appropriation of net profit, on the formal approval to the actions of
the members of the Executive Board, on the formal approval to the actions of the members of the Supervisory Board and
the election of the auditor of the financial statements, the auditor of the consolidated financial statements and the
auditor of the sustainability report. Resolutions were also passed on the approval of the remuneration report and about
the updated remuneration system for the members of the Executive Board. Various amendments to the Articles of
Association were also resolved. All the resolutions proposed by the management were approved by a large majority at the
Annual General Meeting.
The detailed voting results are made available on the PWO website at https://pwo-group.com/en/investors-press/
annual-general-meeting/.

PWO AG
The Executive Board

Contact:
Charlotte Frenzel
Investor Relations & Corporate Communications
T. +49 179 / 6904 237
M. charlotte.frenzel.ext.ma@pwo-group.com

PWO Group: Pushing boundaries in lightweight metal solutions
2,000 PRODUCT SOLUTIONS | 3,000 EMPLOYEES | 9 LOCATIONS | OVER 100 YEARS OF EXPERIENCE
We are a global company in the mobility industry that is helping to shape the environmentally friendly mobility of the
future through innovations and is entirely independent of combustion engines.
With our expertise in climate-friendly lightweight construction, we are technology leaders and combine economic
efficiency with sustainability. We develop and produce sophisticated metal components and complex subsystems at the
frontiers of what is technologically feasible. We meet the challenges of our time with innovative and sustainable
concepts. And above all, we aim to seize the opportunities they offer.
As a values-based employer with informal structures at a global level, we offer our employees a meaningful environment
for realizing their personal prospects. Transparent and responsible corporate governance is an integral part of our
self-image.
Our corporate strategy is summed up in the slogan PEOPLE. PLANET. PROGRESS.
2024-06-07 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

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Language:     English 
Company:      PWO AG 

Industriestraße 8
77704 Oberkirch
Germany

Phone:        +49 (0)7802 84-844 
Fax:          +49 (0)7802 84-789 
E-mail:       ir@pwo-group.com 
Internet:     www.pwo-group.com 
ISIN:         DE0006968001 
WKN:          696800 
Listed:       Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, 

Dusseldorf, Hamburg, Munich, Tradegate Exchange
EQS News ID: 1920817

End of News EQS News Service
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1920817 2024-06-07 CET/CEST

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END) Dow Jones Newswires

June 07, 2024 08:15 ET (12:15 GMT)