Dietikon / Baden, Monday, January 24, 2011
EGL AG shareholders approved the financial statement 2009/10 and voted in favour of a CHF 18.00 per share dividend at the 54th General Meeting. Two board members, Benedikt Weibel and Hansueli Sallenbach, did not run for re-election; all other board members were confirmed for a new term.
At EGL AG’s 54th General Annual Meeting, Chairman Heinz Karrer, CEO Hans Schulz and CFO Andreas Rudolf presented the annual financial statement and result for 2009/10 to the 198 shareholders in attendance (93.58% of shareholder votes). As already communicated in December, the result was disappointing at CHF 25.3 million (2008/09: CHF 186.4 million). Reasons were lower gross margins due to a difficult market environment, the weak euro vis-à-vis the Swiss franc, and the outage of the nuclear power plant Bugey, as well as exit costs from the Energy Plus power plant project.
EGL shareholders approved the annual financial statement for 2009/10 and also voted for dividend continuity with an unchanged dividend of CHF 18.00 per share. The EGL Board of Directors was granted approval for their actions and KPMG AG was confirmed as the auditor for a further year.
Shareholders re-elected five board members, Heinz Karrer (Chairman), Rolf Bösch (Vice-Chairman), Peter Derendinger, as well as Dominik Koechlin and Andrew Walo for another three-year term. Having reached the age limit of 65, Benedikt Weibel did not run for re-election. In the future the Board of Directors will consist of five members. As a result, Hansueli Sallenbach also did not stand for another term. The Board of Directors thanks Messrs. Weibel and Sallenbach for their valuable contributions.
Further information
Media Relations: Tel. +41 44 749 40 10, media.ch@egl.eu
Investor Relations: Tel. +41 44 749 41 01, investor.ch@egl.eu
Media release
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Heinz Karrer's report
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Presentation
504kB
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