Lippstadt, September 28, 2017.
The shareholders of the HELLA KGaA Hueck & Co. decided upon a dividend payment of € 0.92 per share (previous year: € 0.77) at today's Annual General Meeting held at the company headquarters in Lippstadt, Germany. In making this decision, they followed the recommendation of the General Partners, the Shareholder Committee and the Supervisory Board. The total dividend thus increases by approximately 20 percent against the previous year to € 102 million. This increase is based on a positive business development throughout the previous fiscal year 2016/2017, with earnings for the period of € 343 million (previous year: € 272 million).
"We are very happy that we successfully continued our profitable growth path throughout the previous fiscal year", said HELLA CEO Dr. Rolf Breidenbach at the Annual General Meeting. "The aim of our sustainable dividend policy is to involve our shareholders in the profitable growth of the company and at the same time to have the necessary resources in place to continue the further development of our position as one of the world's technology and innovation leaders in the future."
Approximately 500 shareholders and guests took part in the third ordinary Annual General Meeting of HELLA KGaA Hueck & Co. since flotation on the stock exchange. On the recommendation of the Shareholder Committee and Supervisory Board, the shareholders voted the long-serving Managing General Partner, Dr. Jürgen Behrend, who resigns from his office as announced earlier, on to the Shareholder Committee as of October 1, 2017.
Furthermore, the shareholders agreed upon the change of the corporate name to HELLA GmbH & Co. KGaA. This was necessary due to the retirement of Dr. Jürgen Behrend as General Partner, which required the inclusion of the addition "GmbH & Co. KGaA" to the corporate name.