Nabaltec AG / Key word(s): AGM/EGM
Nabaltec AG's 2012 Annual Meeting in Amberg:
- Supervisory Board confirmed;
- strong first-quarter 2012 business trend continues in April and May.
Schwandorf/Amberg, 21 June 2012 - At today's ordinary general meeting of Nabaltec AG in Amberg, the Management Board and Supervisory Board received a clear vote of confidence from the shareholders with respect to the company's strategy and alignment. In addition, the members of the Supervisory Board were confirmed and elected to another four-year term.
Johannes Heckmann, Member of the Board of Nabaltec AG, stated as follows: 'We are very much looking forward to the opportunity to continue and build upon Nabaltec AG's success in the upcoming period together with Dr. von Heimendahl, Dr. Braun and Prof. Dr. Heinrich. In recent years, the whole company has benefited from our consistently strong and constructive relationship with the Supervisory Board, and we are all the more appreciative that our shareholders have now confirmed this as well.'
The development of the business this financial year illustrates once again that Nabaltec AG is on the right track. After posting revenues of EUR 34.1 million in the first quarter of 2012, business has been strong in April and May as well. Revenues are expected to grow by more than 5% in Financial Year 2012, and an EBIT margin similar to the 2011 margin has once again been confirmed.
All of the agenda items which were put up for a vote at the shareholders meeting were adopted with large majorities. In addition to approving the actions of the Management Board and Supervisory Board, reelecting the Supervisory Board and selecting the auditor, the shareholders also confirmed a modification to the compensation of the Supervisory Board.
Note: the voting results from Nabaltec AG's 2012 Annual Meeting will be available for download as of 22 June 2012 in the Investor Relations section of www.nabaltec.de.
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