SFS shareholders approve all proposals at the AGM.

News – 2 May 2019

971 shareholders attended the 26th Annual General Meeting of SFS Group AG, which took place yesterday. They represented 79.74% of total voting rights. All of the Board of Directors’ proposals were approved by a large majority.

Heinrich Spoerry, the Chairman of the Board of Directors, welcomed 971shareholders to the 26th Annual General Meeting (AGM) of SFS Group AG on 1 May 2019 at the Aegeten sports center in Widnau, Switzerland. They represented 29,903,408 shares or 79.74% of the share capital.

Solid business performance

In his welcome speech Heinrich Spoerry commented on the company’s solid performance in the 2018 financial year. SFS Group achieved sales growth of 6.5% in 2018. This attractive sales growth was broadly based in terms of end markets and geographies. The Fastening Systems segment's above-average performance was particularly pleasing. Within the scope of an informal interview conducted by two apprentices, Jens Breu (CEO) and Rolf Frei (CFO) spoke about new projects that will generate growth for the company in future years and the key financial numbers for 2018.

All proposals approved

In the statutory part of the AGM, the shareholders approved the management report, the financial statements and the consolidated financial statements. All members of the Board of Directors were re-elected and the compensation for the members of the Board of Directors and the Group Executive Board was approved. Members of both boards were released from liability for their activities during the past year.

Likewise the independent proxy Bürki Bolt Rechtsanwälte in Heerbrugg (Switzerland) as well as the statutory auditor PricewaterhouseCoopers AG in St. Gallen were re-elected.

Payout to shareholders

Shareholders also approved the dividend of CHF 2.00 per registered share. This distribution consists of the remaining capital contribution reserves (CHF 1.66 per share) and an ordinary dividend payout (CHF 0.34 per share) from retained earnings.Thus, the approved dividend is 5.3% more than the previous year’s dividend (CHF 1.90).

SFS GV 2019_Chairman Board of Directors Heiri Spoerry
SFS AGM 2019: Heinrich Spoerry, Chairman of the Board of Directors
SFS GV 2019_ Talkshow
SFS AGM 2019, impressions talkshow, on screen: CEO Jens Breu
SFS GV 2019_Impressions_Talkshow_Rolf Frei
SFS AGM 2019: impressions talkshow, on screen: CFO Rolf Frei
SFS GV 2019_Impressions
SFS AGM 2019: impressions talkshow: the apprentices Milena Ciardo & Yannick Haselbach with Rolf Frei, CFO & Jens Breu, CEO (from left to right)