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HeidelbergCement holds virtual Annual General Meeting 2021

Published by , Deputy Editor
World Cement,

HeidelbergCement recently held its 132nd Annual General Meeting – for the second time in a row in virtual form. The Annual General Meeting approved all items on the agenda with a large majority and welcomed the return to the progressive dividend policy. For the 2020 financial year, the shareholders of HeidelbergCement will receive a dividend of €2.20 per share (previous year: €0.60). Total distribution to the shareholders amounts to approximately €436 million. The dividend will be paid on 11 May 2021.

Dr. Dominik von Achten, Chairman of the Managing Board, devoted a significant part of his presentation to the topic of climate protection. HeidelbergCement is continuously reducing its CO2 emissions and aims to produce CO2-neutral concrete by 2050. HeidelbergCement is one of the first companies to link also the achievement of its climate protection goals to the bonus scheme for employees and management.

In view of the current market dynamics with comprehensive infrastructure programmes, such as in the USA, Dr. Dominik von Achten gave an optimistic outlook for the current year. In the first quarter of 2021, HeidelbergCement achieved results that were significantly above the previous year’s quarter and market expectations.

More than 1300 people participated in the virtual event, which was streamed from the headquarters in Heidelberg. 309 questions were submitted (previous year: 120). After the Chairman of the Supervisory Board Fritz-Jürgen Heckmann, the Chairman of the Managing Board Dr. Dominik von Achten, and the CFO Dr. Lorenz Näger had answered them in detail, the Annual General Meeting expressed its confidence in the members of the Supervisory Board and Managing Board of HeidelbergCement AG for the 2020 financial year with a large majority and discharged them. At the time of voting, around 153.8 million shares were represented, corresponding to 77.49% of the approximately 198.4 million shares.

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