Nabaltec AG / Key word(s): AGM/EGM
Nabaltec AG's 2013 Annual Meeting in Amberg
- All proposed resolutions adopted by a large majority;
- forecast for the current Financial Year confirmed.
Schwandorf/Amberg, 20 June 2013 - At Nabaltec AG's Annual Meeting in Amberg today, the Management Board and Supervisory Board received the shareholders' approval for the company's strategy and alignment. All agenda items up for voting were adopted by a large majority. In addition to approving the actions of the Management and Supervisory Boards and electing the auditor, the shareholders confirmed an amendment to the Articles of Association with respect to D&O insurance. The Management Board's proposal to carry forward the distributable profit from Financial Year 2012 onto new account, i.e. to leave it within the company, was also adopted by the shareholders.
The company once again confirmed its forecast for the current Financial Year. In addition to revenue growth in the mid-single digits, the management expects an EBIT margin in line with the year before. Altogether, a stable uptrend is expected over all four quarters, along with good margins.
Johannes Heckmann, Member of the Board of Nabaltec AG, stated as follows: 'We find ourselves at the moment in a highly volatile and unpredictable market environment, and the market's demands upon us are mounting with each passing day. We are confronting this challenge head-on, and with our results for 2012 as a whole and for the first quarter of 2013, we were once again able to demonstrate that our course is the correct one. We are pleased that our shareholders continue to support our strategy and decisions and are optimistic about the future.'
Note: The voting results from Nabaltec AG's 2013 Annual Meeting will be available for download as of 21 June 2013 in the Investor Relations section of www.nabaltec.de.
About Nabaltec AG:
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