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voestalpine lives and breathes innovation, a fact that the Group has proven many times over throughout the years. In 1949, the LD process was the “invention of the century” that instantly changed the global steel industry. And in recent decades, the international company has set new standards in automotive lightweight construction. When the idea of developing an ultralight, corrosion-resistant, yet high-strength “super steel” was first raised almost 20 years ago, it was considered to have little chance of success—yet not long ago, the 300 millionth phs component rolled off the production line. And most recently, the voestalpine invention that is now standard in modern car bodies was approved for series production by the world’s largest car manufacturer.
Despite the economic crisis, voestalpine AG closed its 2020/21 business year with a positive result and can once again significantly increase its dividend in the current business year. Specifically, a dividend of EUR 0.50 per share was resolved for the business year 2020/21 at today’s 29th Annual General Meeting. This is an increase of EUR 0.30 over the previous year’s dividend of EUR 0.20 per share. The Annual General Meeting, which was again a virtual meeting without the physical presence of shareholders, approved the proposal of the Management Board and Supervisory Board. The dividend will be transferred on July 19, 2021 (ex-dividend date: July 15, 2021).
voestalpine has developed an industrial scale process for carbon-neutral steel production without the use of fossil carbon and secured the intellectual property rights to the process from the European Patent Office. The patent is valid in all major European steel manufacturing countries and specifically covers the production of sponge iron (DRI or HBI) using green hydrogen and biogas in the direct reduction process.