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Knorr-Bremse AG, a Munich-based company specializing in braking systems for rail and commercial vehicles, held its Annual General Meeting (AGM) on April 30, 2025. During the meeting, shareholders approved a significant increase in the dividend payout and elected a new member to the Supervisory Board.
Key Highlights:
- Dividend increased by 7% to €1.75 per share
- Total dividend distribution amounts to approximately €282 million
- Stephan Sturm elected to the Supervisory Board as a representative of the Heinz Hermann Thiele Family Trust
- The virtual AGM saw 90.22% of the share capital represented
The shareholders endorsed the proposal from the Executive Board and Supervisory Board to pay a dividend of €1.75 per share for the fiscal year 2024. This marks a 7% increase from the previous year’s dividend of €1.64 per share. With 161,200,000 shares entitled to dividends, the total distribution reaches approximately €282 million. This year’s payout ratio, which is the proportion of earnings paid out as dividends, is around 60%. This exceeds the company’s long-term dividend policy of 40% to 50%, due to non-recurring non-cash items that reduced the consolidated net income. By increasing the dividend, Knorr-Bremse reflects its strong operational performance, excluding these one-time effects, and reinforces its commitment to delivering shareholder value.
The AGM also elected Stephan Sturm, CEO of the Heinz Hermann Thiele Family Trust, to the Supervisory Board. Sturm joins Julia Thiele-Schürhoff as a representative of the Family Trust, succeeding Dr. Theodor Weimer, who resigned amicably. The Supervisory Board, now comprising twelve members, oversees the company’s management and strategic goals. Sturm’s addition brings valuable stakeholder insight, enhancing alignment with the interests of major shareholders.
Held virtually, the AGM saw 90.22% of the share capital represented, highlighting robust shareholder engagement. These decisions underscore Knorr-Bremse’s focus on rewarding investors and maintaining effective governance.
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