The ordinary General Meeting of shareholders of Société Anonyme Paul WURTH

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Under the chairmanship of Mr. Michel Wurth, the ordinary General Meeting of shareholders of Société Anonyme Paul WURTH was held today on 13 May 2014 to approve amongst others the financial statements of the year 2013. Despite a weak market and challenging order acquisition activities, the Group managed to further expand its technological span. With promising innovations, Paul Wurth resolutely continues to develop environmental and energy-saving solutions.

In 2013, steel companies continued to operate in a difficult market environment characterised by overcapacities worldwide, tough price competition and high costs of raw materials. Consequently, the economic climate was also very challenging for plant builders like Paul Wurth. The postponement of planned investment projects by many customers affected the new order intake of the Group for the year 2013 (336.6 million euros). Nevertheless, Paul Wurth managed to further develop its technological span by securing orders in new areas such as sinter plant and coke oven technology.

Results for the financial year 2013

Turnover for the year was 483.8 million euros (+7.1% in comparison with 2012) and Paul Wurth closed the financial year with earnings before tax of 22.5 million euros. The General Meeting approved the payment of a gross dividend of 210 euros per share on account of the 2013 financial year.