Pursuant to the proposal of both the Management Board and the Supervisory Board, the 27th Annual General Meeting (AGM) of voestalpine AG today resolved a dividend of EUR 1.10 per share for the business year 2018/19. This year’s AGM also saw Herbert Eibensteiner take over as Chairman of the Management Board from Wolfgang Eder who, in turn, was elected to the Supervisory Board, the Group’s highest corporate body, along with four other new members as part of the reconstitution of the Supervisory Board.
A new contract with Rolls-Royce, a world-leading engine manufacturer, again draws on high-performance materials from voestalpine. As a new European producer, the Group’s High Performance Metals Division supplies highly sophisticated pre-materials for engine disks which are required to withstand huge forces during flight. High-tech materials and special forgings from voestalpine are already used in structural, undercarriage, wing, and engine parts in all major models of aircraft, from Airbus and Boeing to Embraer and Bombardier. The Group currently generates revenue of around EUR 400 million in the growing aerospace market, and this figure is expected to increase to EUR 500 million over the medium term.
This year marked the sixth SelectUSA Investment Summit, the country’s largest investment conference, which was held in Washington D.C. from June 10 to 12. As a major European investor in the USA over the past years, voestalpine was also an attendee at this high-level conference. As an international technology group, the company presented its current investment projects at the event, as well as a broad range of training and continuing professional development measures which it offers its local employees in the USA. Today, at the final day of the conference, voestalpine representatives joined other international conference participants in signing the Pledge to America’s Workers, a commitment to expand programs for further training of American skilled workers.