Vossloh Annual General Meeting: All agenda items passed by a large majority

  • Dividend proposal of €1.00 per share approved
  • Dr. Sigrid Evelyn Nikutta elected to the Supervisory Board

At Vossloh AG’s Annual General Meeting today in Düsseldorf shareholders approved all proposed agenda items by a large majority. The dividend proposal of €1.00 per share was also accepted. This means an amount of around €16 million will be distributed. In total, around 71% of the share capital was represented at Vossloh AG’s Annual General Meeting today.

Dr. Sigrid Evelyn Nikutta was elected by the shareholders as a member of the Supervisory Board as the successor to Dr.-Ing. Volker Kefer. The Vossloh AG Supervisory Board has gained a proven expert in the rail industry with Dr. Nikutta. Since 2010, Dr. Nikutta has been Chairwoman of the Executive Board of Berliner Verkehrsbetriebe (BVG). Previously, she was active in various leadership functions at Deutsche Bahn AG. At the meeting of the Supervisory Board following the Annual General Meeting, Dr. Sigrid Nikutta was elected Deputy Chairwoman of the Supervisory board.

In his statement Andreas Busemann, CEO of Vossloh AG, commented on operational and strategic issues in the Vossloh Group. These included in particular the challenges posed by the new opportunities offered by digitalization and the performance program adopted this year. “Our ambition is to be the leading minds for the already very concrete vision of the intelligent railway. This means we can ensure disruption-free operation for our customers and extend the service life of the rail infrastructure,” states Andreas Busemann about the company’s strategic positioning. He adds, “With the performance program 2019, we will substantially increase our operational performance in order to maintain the financial strength required for our vision ,The Smart Rail Track by Vossloh’ in the long term.”

The full speeches by CEO Andres Busemann and CFO Oliver Schuster as well as the presentation material and the voting results from the Annual General Meeting are available here .

Werdohl, May 22, 2019

Contact information for the media:
Gundolf Moritz (Mirnock Consulting)
Phone: (+49-23 92) 52-608
Email: presse@vossloh.com

Contact information for investors:
Dr. Daniel Gavranovic
Phone: (+49-23 92) 52-609
Email: investor.relations@vossloh.com

Vossloh is active in rail technology markets worldwide. The Company’s core business is rail infrastructure. The Group activities are organized into the three divisions of Core Components, Customized Modules and Lifecycle Solutions. In the 2018 fiscal year, Vossloh achieved sales of €865 million with approximately 3,800 employees.