Annual General Meeting of STS Group AG Approves All Proposed Resolutions

On June 14, 2024, STS Group AG, a global systems supplier for the automotive industry, announced that its Annual General Meeting approved all proposed resolutions by a large majority. A total of 79.37% of the company's share capital was represented.

The key resolutions included a dividend distribution of EUR 0.041 per share for the 2023 financial year and the re-election of the entire Supervisory Board for another three-year term. CEO Alberto Buniato highlighted the company's progress and affirmed positive growth prospects, noting significant improvements and the ramp-up of production at the new US plant.

STS Group AG expects further sales revenue growth in the high single-digit percentage range and a similar EBITDA margin for the 2024 financial year. Detailed voting results are available on the company's website.