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EQS-News: Drägerwerk AG & Co. KGaA / Key word(s): AGM/EGM/Dividend
Drägerwerk AG & Co. KGaA: Dräger annual shareholders' meeting approves significant dividend increase
2024-05-08 / 15:33 CET/CEST
The issuer is solely responsible for the content of this announcement.
Dräger annual shareholders' meeting approves significant dividend increase
Lübeck - Drägerwerk AG & Co. KGaA held its Annual Shareholders' Meeting 2024 today. All resolutions on the agenda items
were passed with a vast majority. In total, 46.2 percent of the share capital was represented (2023: 45.7 percent).
Dividend
Among the agenda items was the appropriation of net earnings. The shareholders approved the joint proposal of the
Supervisory Board and the Executive Board to distribute a significantly higher dividend compared to the 2022 fiscal
year of EUR 1.74 per ordinary share (2022: EUR 0.13) and EUR 1.80 per preference share (2022: EUR 0.19) for the 2023
fiscal year.
"We would like to thank our shareholders very much for their trust," says Stefan Dräger, Chairman of the Executive
Board of Drägerwerk Verwaltungs AG. "We generated a significant net profit in fiscal year 2023, and we also have a
solid equity ratio of over 40 percent. The simplification of our capital structure is now finally complete. As a
result, our investors will receive a significantly higher dividend. We also want to distribute at least 30 percent of
our profit as a dividend in the future."
Focus on medium-term corporate objectives
In the course of his speech, the Executive Board explained the business development and confirmed the outlook for the
current fiscal year. Stefan Dräger illustrated why the Executive Board is focusing on corporate objectives.
"After returning to growth and profitability last year, we are now focusing on our three medium-term corporate
objectives. Corporate Objective #1 is 'Focus on profitability'. This means that we will concentrate more strongly on
earnings growth in future. In the coming years, we want to further increase our margin, on average by one percentage
point per year," says Stefan Dräger. "With Corporate Objective #2, 'innovation leadership', we want to strengthen our
innovative power, use it successfully in our markets and become the first choice for our customers. We also want to
expand our expertise in interoperability and in the systems business in order to achieve our Corporate Objective #3. By
working on these three objectives, we want to improve our DVA, with a positive DVA in 2024 and in all subsequent
years."
The voting results and all other relevant documents relating to the annual shareholders' meeting are available on the
following website: https://www.draeger.com/en-us_us/Investor-Relations/Annual-Shareholders-Meeting
Further information is available in the financial report at www.draeger.com.
Disclaimer
This press release contains statements on the future development of Dräger Group. These forward-looking statements are
based on the current expectations, presumptions, and forecasts of the Executive Board as well as the information
available to date. They were compiled to the best of the company's knowledge. Dräger does not provide any warranty nor
assume any responsibility for the future developments and results described above. These are dependent on a number of
factors. They entail various risks and contingencies outside of the company's influence and are based on assumptions
which could prove to be incorrect. Dräger does not assume any responsibility for updating the forward-looking
statements contained in this report. This does not infringe any legal stipulations on the adjustment of forecasts.
Information on the financial indicators used (incl. alternative performance measures) can be found on our corporate
website www.draeger.com in our Investor Relations section.

2024-05-08 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.
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Language:     English 
Company:      Drägerwerk AG & Co. KGaA 

Moislinger Allee 53-55
23558 Lübeck
Germany

Phone:        +49 (0)451 882-0 
Fax:          +49 (0)451 882-2080 
E-mail:       info@draeger.com 
Internet:     www.draeger.com 
ISIN:         DE0005550602, DE 000 555 063 6, DE 000 555 071 9 
WKN:          555060, 555063 Vorzüge, 555071 Genussschein D 
Indices:      SDAX 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Stuttgart, 

Tradegate Exchange
EQS News ID: 1898761

End of News EQS News Service
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1898761 2024-05-08 CET/CEST

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May 08, 2024 09:34 ET (13:34 GMT)