May 30, 2013. /Lesprom Network/. At today’s annual general meeting of Homag Group AG in Freudenstadt, Germany, the shareholders present seconded the proposal of the management and supervisory boards to distribute a dividend for fiscal year 2012 of Euro 0.25, as the company said in a press release received by Lesprom Network.

The general meeting also approved the amended remuneration of the supervisory board as well as a domination and profit and loss transfer agreement between Homag Group AG and the subsidiary BRANDT Kantentechnik GmbH.

The management board and the supervisory board were exonerated. However, the shareholders present did not approve the creation of new authorized capital. A total of around 300 shareholders attended the annual general meeting, representing 82.6% of the capital stock.

In his speech, CEO Dr. Markus Flik looked back on fiscal year 2012 in which the Homag Group fulfilled or exceeded all of its forecasts, particularly as regards key earnings indicators. Dr. Flik informed shareholders on the development of the 1Q 2013, which was marked by strong order intake, and confirmed the forecasts to date for 2013. In the current fiscal year, the Homag Group aims to grow its sales revenue and order intake, and to further improve its earnings. Dr. Flik also explained the strategic focal points intended to secure the Homag Group profitable growth in the long term.

The Homag Group manufactures plant and machinery for the woodworking industry and for cabinet makers.