Stabilus S.A.: Annual General Meeting approves payment of a dividend of EUR 0.80 per share and elects new supervisory board

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Stabilus S.A.: Annual General Meeting approves payment of a dividend of EUR 0.80 per share and elects new supervisory board

- Dividend of EUR 0.80 per share approved by annual shareholder meeting

- Supervisory board mandates of Dr. Stephan Kessel, Dr. Joachim Rauhut and Dr. Ralf-Michael Fuchs extended until AGM 2023; Dr. Dirk Linzmeier newly elected to the supervisory board

- Dr. Stephan Kessel appointed new supervisory board chairman

Luxembourg/Koblenz, February 14, 2018 - The Annual General Meeting (AGM) of Stabilus S.A. (ISIN: LU1066226637), one of the world's leading providers of gas springs, damping solutions and electromechanical drives for motion control, today endorsed the dividend proposal put forward by the management board and supervisory board. For the fiscal year 2017 (ending on September 30, 2017), the company will thus be paying shareholders a dividend of EUR 0.80 per share (previous year: EUR 0.50). This amounts to an aggregate payout of approx. EUR 19.8 million, equivalent to a profit distribution ratio of 24.9 per cent of consolidated net income.

Additionally, the annual Stabilus shareholder meeting has also elected a new supervisory board. As part of this regular round of elections to the supervisory board, an extension of the mandates held by Dr. Stephan Kessel, Dr. Joachim Rauhut and Dr. Ralf-Michael Fuchs until the 2023 AGM. Current supervisory board chairman Udo Stark will, as previously announced, not be standing for re-election upon conclusion of his four-year term; at his own request, he will be leaving the company's board of directors once the shareholder meeting has concluded. Management board and supervisory board would like to thank Udo Stark for the valuable contribution he has made to the successful performance of Stabilus.

To fill the vacant seat on the supervisory board, the shareholder meeting adopted the proposal put forward by the company, appointing Dr. Dirk Linzmeier to join the supervisory board. Linzmeier is the CEO designate of the planned joint venture between Osram and Continental announced in November 2017, which is to develop and produce smart lighting solutions for the automotive industry. Linzmeier, an engineering graduate and acknowledged electronics expert, has more than 15 years of automotive industry experience. Between 2003 and 2006, he worked as an engineer on the development of driver assist systems at DaimlerChrysler and from 2006 to 2017 held several senior positions at Robert Bosch GmbH in the field of driver assist systems and automotive electronics, most recently having been Vice President and General Manager of the Automotive Electronics business unit.

Some 65.8 percent of the equity was represented at the AGM. Details of votes cast and the resolutions approved at the meeting will be posted shortly in the Investor Relations section of the Stabilus S.A. website at www.ir.stabilus.com.

Upon conclusion of the shareholder meeting, the new supervisory board convened for its inaugural meeting at which, as previously announced, Dr. Stephan Kessel was elected new chairman of the body. An expert with widely acknowledged industrial and automotive sector credentials, he joined the newly formed supervisory board following the IPO of Stabilus in 2014.

About Stabilus

As one of the world's leading suppliers of gas springs, damping solutions and electromechanical drives, Stabilus has for eight decades been demonstrating its expertise in the automotive industry and a variety of other sectors. Gas springs, dampers and electromechanical POWERISE drives from Stabilus optimize opening, closing, lifting, lowering and adjusting operations, and also protect against vibrations. Employing a workforce of more than six thousand worldwide, the company has its operational headquarters in Koblenz. Stabilus has reported sales revenues of EUR 910.0 million in the 2017 fiscal year. Stabilus has a global production network encompassing plants in nine countries. Additionally, the Group maintains regional offices and relations to sales partners in over fifty countries in Europe, North, Central and South America, and in Asia Pacific. Stabilus is listed in the Prime Standard segment of the Frankfurt Stock Exchange and included in the SDAX index.

Important Notice

This press release may contain forward-looking statements based on current assumptions and forecasts made by Stabilus Group management and other information currently available to Stabilus. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here.