Lippstadt, 29 September 2016. The shareholders of HELLA KGaA Hueck & Co. approved the distribution of a dividend in the amount of EUR 0.77 per share during the company’s annual general meeting 2016, voting in favour of the resolution advanced by the general partners, the shareholder committee and the supervisory board. With an overall pay-out volume of EUR 86 million, HELLA, a globally leading provider of lighting technology and electronic products for the automotive industry, continues its stated dividend policy and passes about 30% of the net consolidated profit to the shareholders.
“Our shareholders ought to participate in the sustainable economic success of the company,” CEO Dr Rolf Breidenbach said in his address. “The remaining Group profits will be used to further improve our financial position. As in the past, HELLA will continue to target profitable and organic growth across all three segments. A sound and long-term oriented financial strategy is crucial to achieve this objective,” said Dr Breidenbach.
More than 500 shareholders participated in the second annual general shareholders meeting after the IPO at the family company’s headquarters in Lippstadt. Beyond voting in favour of the dividend pay-out, a large majority of shareholders also approved the past actions of the managing general partners, the shareholder committee and the supervisory board.
Previously, Dr Rolf Breidenbach had already given a detailed account of fiscal year 2015/2016 in his address and answered shareholder questions. HELLA completed the past fiscal year with EUR 6.4 billion in sales and adjusted operating earnings of EUR 476 million.