DGAP-News: Progress-Werk Oberkirch AG / Key word(s): AGM/EGM
- 68 percent of the share capital represented
Oberkirch, May 23, 2019 - In its report to yesterday's Annual General Meeting, the Company's Management Board reviewed the significant developments that took place in the 2018 fiscal year in the context of the Company's long and successful history, which started in September 1919, with the founding of "Progreß-Werk Oberkirch Aktiengesellschaft" by seven bold entrepreneurs.
Over the past 100 years, PWO has successfully mastered major social, political and economic changes and upheavals. The Company's name, its legal form as a stock corporation, its home location in Oberkirch, as well as its focus on metal forming and processing have remained the same over the decades. We have repeatedly adapted our production program, which has included air pumps, defense equipment, field kitchens, motor scooters, ceiling systems for the construction industry and - almost since our founding - components and systems for the automotive industry.
Today, we are a globally operating automotive supplier with an excellent market position. Our own analyzes, industry experts and major customers confirm that we have the right range of services and products for the future. From this position, we intend to achieve further growth in the future, especially in the key markets Europe, North America and China.
The shareholders approved the proposals of the management to the Annual General Meeting and adopted all draft resolutions almost unanimously. In addition to presenting the adopted financial statements, the agenda also included the appropriation of retained earnings, the discharge of the members of the Management and the Supervisory Boards, and the election of the auditors.
Progress-Werk Oberkirch AG
PWO company profile
All of the Group's more than 1,000 products contribute to automotive comfort and safety. More than 90 percent of revenue is independent of the vehicle's type of drivetrain. Approximately 3,400 employees on three continents at five production sites and four assembly plants ensure the highest level of delivery reliability and quality.
|Company:||Progress-Werk Oberkirch AG|
|Phone:||+49 (0)7802 84-347|
|Fax:||+49 (0)7802 84-789|
|Listed:||Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Tradegate Exchange|
|EQS News ID:||815037|
|End of News||DGAP News Service|