Heidelberg Materials Annual General Meeting: Shareholders support future course and approve change of company name

HeidelbergCement AG, the parent company of the Heidelberg Materials Group, held its 134th Annual General Meeting today. After three years of being held in a purely virtual form, shareholders could attend the event in person again. Around 300 participants informed themselves on-site in the SNP dome in Heidelberg about the company’s business performance. 

CEO Dr Dominik von Achten expressed satisfaction with the past financial year: ”We closed the year 2022 with a good result and are making great progress in decarbonising our products. With a further increase in our dividend, our shareholders also benefit from this success.”

For the 2022 financial year, shareholders will receive €2.60 per share (previous year: €2.40). The company is thus continuing its progressive dividend policy. Total distribution amounts to around €484 million. The dividend will be paid on 16 May 2023. With a dividend yield of 4.9%, Heidelberg Materials is part of the DivDAX and thus one of the 15 stock-listed companies with the highest dividend yields in the DAX 40. The payout ratio is 27% and relates to the adjusted profit for the financial year attributable to HeidelbergCement AG shareholders.

The shareholders have approved the change of name of HeidelbergCement AG to Heidelberg Materials AG with overwhelming majority. The company will now submit the application for the change of name to the commercial register. At Group level, the company has already been operating under the global brand Heidelberg Materials since September 2022.

In his presentation, CEO Dr Dominik von Achten outlined how the Group is leading the decarbonisation of the building materials industry. The main levers are the optimisation and further development of the portfolio of sustainable products, innovative technologies for carbon capture, utilisation, and storage, as well as investments in the circular economy.

 
After the Chairman of the Supervisory Board, Dr Bernd Scheifele, the Chairman of the Managing Board, Dr Dominik von Achten, and the Chief Financial Officer, René Aldach, had answered almost 100 questions, the Annual General Meeting expressed its confidence in the members of the Supervisory Board and Managing Board for the financial year 2022 with a convincing majority and discharged them.  

At the time of the voting, 78.22% of the company’s subscribed share capital was represented.

You can find the detailed voting results under Annual General Meeting 2023.
 

Captions

Heidelberg Materials held its 134th Annual General Meeting today in the SNP dome in Heidelberg. 
Copyright: Steffen Höft

About Heidelberg Materials

Heidelberg Materials is one of the world's largest integrated manufacturers of building materials and solutions with leading market positions in cement, aggregates, and ready-mixed concrete. We are represented in more than 50 countries with around 51,000 employees at almost 3,000 locations. At the centre of our actions lies the responsibility for the environment. As the front runner on the path to carbon neutrality and circular economy in the building materials industry, we are working on sustainable building materials and solutions for the future. We enable new opportunities for our customers through digitalisation.