Siltronic AG Approves Dividend and Welcomes New Board Member

In its recent Annual General Meeting, Siltronic AG approved a dividend of EUR 0.20 per share for 2024. Shareholders endorsed the proposal, resulting in EUR 6 million distributed, about 10% of the consolidated profit. The meeting noted challenges from ongoing demand weakness and U.S. tariffs affecting end-market demand and inventory levels.

The meeting, held virtually for the first time post-pandemic, saw 76.26% of the company's share capital represented. Shareholders also appointed Andreas Pecher to the Supervisory Board, replacing Dr. Herrmann Gerlinger, with a voting majority of over 99.88%.

CEO Dr. Michael Heckmeier highlighted the company’s resilience in 2024 and emphasized a continued focus on cost, liquidity, and growth, particularly with the new fab in Singapore. Voting results and AGM documents are available on the company's website.