Annual General Meeting approves dividend increase

At the Annual General Meeting, the shareholders of Uzin Utz SE approved a dividend of EUR 1.90 per share. The actions of the Management Board and Supervisory Board were approved for the fiscal year 2024. The current year started successfully: in the first quarter of 2025, the company achieved the highest turnover and the second-best result compared to the opening quarters of previous years. As in previous years, the Annual General Meeting was held as an in-person event at the Donauhalle in Ulm.

The shareholders of Uzin Utz SE approved the proposals of the Management Board and Supervisory Board by a large majority at the Annual General Meeting in the Donauhalle in Ulm. Among other things, the Annual General Meeting approved a dividend distribution of EUR 1.90 per share with 99.85 per cent of the votes.

"For the most part, we are satisfied with our business performance in 2024 against the backdrop of the challenging general conditions. Above all, our significant increase in earnings in 2024 and the figures for the first quarter of 2025 are proof of our efforts", Christian Richter, CFO, emphasised. While sales revenue in 2024 amounted EUR 476.0 million and fell just short of the previous year's high level (EUR 479.3 million), earnings increased by 24.1% to EUR 42.8 million (EUR 34.5 million).

Positive earnings development in the first quarter of 2025

Compared to the first quarters of previous years, Uzin Utz achieved its highest sales in Q1 2025. The 3.3% increase in consolidated sales to EUR 124.1 million (EUR 120.0 million) compared to Q1 2024 is mainly due to a slight increase in sales in the core countries. Uzin Utz can also look back on a successful first quarter in terms of earnings. At EUR 10.2 million, earnings before interest and taxes (EBIT) are 6.8% higher than the EBIT achieved in the previous year (EUR 9.5 million). This increase is mainly due to a lower cost of materials ratio (Q1 2025: 41.2%, Q1 2024: 42.9%). "Improved market conditions in 2024 had a positive impact on raw material prices. In combination with recipe optimisations for our products and lower freight costs, we were able to make a pleasing contribution to EBIT," says Julian Utz, COO.

Solid growth expected despite challenging conditions

Despite a persistently difficult macroeconomic environment, Uzin Utz SE is cautiously optimistic about the further course of the fiscal year 2025. Negative factors such as subdued economic growth and increasing geopolitical tensions continue to pose challenges for the company. Nevertheless, the global construction chemicals specialist anticipates slight sales growth compared to the previous year. "Especially in economically challenging times, it is crucial to act with a clear strategic focus and flexibility. Our strengths lie in our proximity to the market, our innovative strength and our long-term orientated corporate strategy. These factors enable us to take advantage of opportunities and at the same time show resilience to external influences", Philipp Utz, CSO of Uzin Utz SE, said.

The most important voting results at a glance:

Dividend per share: EUR 1.90

Total amount distributed: EUR 9,584,206.10

Discharge of the Management Board: 97.5%