23rd Annual General Meeting once again in person

Numerous participants, extensive approval of resolutions

The 21st Annual General Meeting in 2020 and the 22nd Annual General Meeting in 2021 had to be held online due to the coronavirus. For this reason, it was a great pleasure for us this year to be able to meet each other in person once again. Those shareholders who were not able to come were given the opportunity to follow the Annual General Meting via live stream. Naturally, we were particularly pleased to see the numerous participants at the Annual General Meeting, reflecting the lively interest in the development of W.E.B.
Chairman of the Supervisory Board Josef Schweighofer welcomed the attendees as well as those who were tuned in and, as usual, explained the procedures and provided legal information. 

He subsequently gave the floor to the two Members of the Board of Directors of W.E.B, namely Frank Dumeier and Michael Trcka, who in turn gave a detailed summary of the eventful and successful year 2021. Revenue increased substantially in 2021 in spite of comparatively weak wind conditions in Europe, rising to EUR 113.6 million (2020: EUR 106.2 million). This was the first time that revenue surpassed the threshold of EUR 110 million. The Group net profit also climbed to EUR 17.1 million from EUR 15.5 million in the previous year. 

Following the report of the board members and the reading out of the other items on the agenda, a general debate was held in which numerous questions posed by shareholders were answered by the Members of the Board of Directors and the Chairman of the Supervisory Board.
 
All the proposed resolutions were adopted by the shareholders by a large majority. Amongst other things, the proposal for the appropriation of earnings and the distribution of a dividend amounting to EUR 2.10 per share were accepted. In addition, the Annual General Meeting also resolved upon the discharge of the Board of Directors and Supervisory Board members for the 2021 financial year. 

At the conclusion of the Annual General Meeting, Josef Schweighofer thanked shareholders for the confidence placed in the company and the W.E.B team for enabling the Annual General Meeting to be implemented in such a smooth manner.