voestalpine Annual General Meeting approves dividend of EUR 0.60

Once again, voestalpine showed resilience and strength in the 2024/25 business year (April 1, 2024 – March 31, 2025), achieving a solid result despite extremely challenging conditions. The decline in revenue and earnings is also reflected in the slight decrease in the dividend from EUR 0.70 in the 2023/24 business year to EUR 0.60 per share in the 2024/25 business year. Relative to voestalpine’s average share price of EUR 22.28 in the business year 2024/25, the dividend yield is 2.7%. Since its IPO 30 years ago, voestalpine has continuously paid dividends to its shareholders, with an average dividend yield of 3.5%.

As communicated in an ad-hoc announcement on Monday, voestalpine presented its new dividend policy at today’s Annual General Meeting: Starting in the 2025/26 business year (April 1, 2025 – March 31, 2026), the Management Board’s dividend proposal to the Annual General Meeting will provide for a distribution of 30% of earnings per share, provided that the debt ratio (net financial debt to EBITDA ratio) is below 2.0 after the dividend payment. Irrespective of this, a minimum dividend of EUR 0.40 per share is determined in any case. Additional distributions and/or share buybacks are possible in the event of exceptionally good earnings and a corresponding debt ratio.

This model ensures a balance between performance-related yet stable shareholder participation in the company’s success on the one hand, and safeguarding a resilient and solid capital structure for future growth on the other. The dividend policy will be reviewed every four years.

Heinrich Schaller stepped down from the Supervisory Board of voestalpine AG at today’s Annual General Meeting. Reinhard Schwendtbauer, CEO of Raiffeisenlandesbank Oberösterreich AG, was newly elected to the Supervisory Board today and unanimously elected Deputy Chairman of the Supervisory Board of voestalpine AG at the subsequent Supervisory Board meeting. The business administration graduate initially worked for many years as Managing Director of the consulting firm Finadvice Austria. He has been a Member of the Management Board of Raiffeisenlandesbank Oberösterreich AG since 2012 and took on the role of Chairman in 2025.

There have also been personnel changes in the Supervisory Board among the members delegated by the Works Council: Reinhard Lang succeeded Josef Gritz in October 2024, who retired at the end of June 2024. On May 1, 2025, Manfred Hippold replaced Hans-Karl Schaller on the Supervisory Board of voestalpine AG, who also retired from voestalpine due to his age.

The Annual General Meeting also authorized the Management Board to buy back no-par bearer shares to a maximum of 10% of the company’s total share capital. This is effectively a renewal of the authorization for a share buyback program issued in 2023 which, among others, will be used to expand the employee shareholding scheme or to service convertible bonds. The share buyback program is authorized to run for a period of 30 months. In this connection, the Management Board of voestalpine was also authorized to buy back its own shares in a manner other than via the stock exchange, or via a public offer, or to redeem own shares, thereby reducing the share capital.

The voestalpine employee shareholding scheme is the largest of its kind in Austria, in terms of both the percentage of voting rights and the value of shares, and has been considered exemplary in Europe for many years. The concept was developed in the year 2000. It bundles voting rights in an employee shareholding foundation, contributing significantly to the stable ownership structure of the Group, and also enabling employees to participate directly in the company’s success. Employees at voestalpine currently hold over 14% of the voting rights in voestalpine AG.