on Progress-Werk Oberkirch AG (ETR:PWO)
PWO AG Shareholders Approve All Agenda Items at 2026 AGM
On May 22, 2026, PWO AG held its Annual General Meeting (AGM) where shareholders approved all proposed agenda items. CEO Carlo Lazzarini emphasized the company's strategy to strengthen its market position. Despite challenges in the automotive sector, particularly in Germany, PWO focuses on innovation and a "local-for-local" approach, crucial for international growth.
The AGM highlighted plans to distribute a dividend of EUR 1.65 for the 2025 fiscal year. Strategic goals include reducing greenhouse gas emissions and adapting to future market demands. Shareholders approved several resolutions, including introducing electronic shares and revising the Articles of Association.
Approximately 65% of share capital was represented at the AGM. The meeting confirmed the forecast for 2026, focusing on profitability and cash flow management. PWO also presented its financial statements and emphasized its commitment to sustainability, a growing competitive factor in the industry.
R. H.
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