HOMAG Group AG has held its annual general meeting as an in-person event, with shareholders approving all items on the agenda by a large majority.
The annual general meeting was held at the administrative building of Dürr AG, the parent company of HOMAG Group AG, in Bietigheim-Bissingen and was broadcast via livestream. The meeting was attended by a total of around 40 shareholders and guests – representing around 98 percent of the share capital. The actions of the Board of Management and the Supervisory Board were approved by a large majority at the annual general meeting.
For the fiscal year 2024, HOMAG Group AG will pay its shareholders a compensation payment of EUR 1.19 per share (gross). The compensation payment results from the domination and profit and loss transfer agreement concluded with the parent company Dürr.
In his speech, CEO Dr. Daniel Schmitt looked back on the 2024 fiscal year, in which the HOMAG Group achieved its goals in a difficult market environment. However, as expected, there was no significant improvement in demand. The HOMAG Group had already responded to this persistent market weakness in 2023 with a package of measures to adjust capacity, which was successfully completed in 2024 without operational redundancies. Dr. Schmitt was confident about the industry’s leading trade fair LIGNA, which will be held in Hanover at the end of May. “At LIGNA, we underline our position as a market and technology leader that is actively shaping the digital transformation in woodworking and the future of timber construction.”
