At the Annual General Meeting, the shareholders of Uzin Utz SE approved a dividend of €1.90 per share. The actions of the Management Board and Supervisory Board for the 2024 financial year were ratified. The current year got off to a successful start: In the first quarter of 2025, the company achieved its highest sales and the second-best earnings compared to the first quarters of previous years. As in previous years, the Annual General Meeting was held as an in-person event at the Donauhalle in Ulm.
© Uzin Utz
At the Annual General Meeting held in Ulm's Donauhalle, the shareholders of Uzin Utz SE approved the proposals of the Management Board and Supervisory Board with a large majority. Among other things, the Annual General Meeting approved a dividend distribution of EUR 1.90 per share with 99.85 percent of the votes.
'We are generally satisfied with our business performance in 2024, given the challenging conditions. Above all, our significant increase in earnings in 2024 and the figures for the first quarter of 2025 are a testament to our efforts,' emphasised Christian Richter, CFO. While revenue in 2024 amounted to EUR 476.0 million, narrowly missing the high previous year's figure (EUR 479.3 million), earnings increased by 24.1% to EUR 42.8 million (EUR 34.5 million).
Positive earnings development in the first quarter of 2025
Compared to the first quarters of previous years, Uzin Utz achieved its highest sales in Q1 2025. The 3.3% increase in consolidated sales of EUR 124.1 million (EUR 120.0 million) compared to Q1 2024 is primarily due to a slight increase in sales in the core countries. Uzin Utz can also look back on a successful first quarter in terms of earnings. Earnings before interest and taxes (EBIT) of EUR 10.2 million are 6.8% higher than the previous year's EBIT (EUR 9.5 million). This increase is primarily due to a lower material usage ratio (Q1 2025: 41.2%, Q1 2024: 42.9%). 'Improved market conditions in 2024 had a positive impact on raw material prices. Combined with formulation optimisations of our products and lower freight costs, this resulted in a pleasing contribution to EBIT,' says Julian Utz, COO.
Solid growth expected despite challenging conditions
Despite a persistently difficult macroeconomic environment, Uzin Utz SE is cautiously optimistic about the rest of the 2025 fiscal year. Stressful factors such as sluggish economic growth and increasing geopolitical tensions are once again presenting the company with challenges. Nevertheless, the globally active construction chemicals specialist anticipates slight sales growth compared to the previous year. 'Especially in economically challenging times, it is crucial to act strategically with a clear focus and flexibility. Our strengths lie in our proximity to the market, our innovative strength, and our long-term corporate strategy. These factors enable us to seize opportunities while simultaneously demonstrating resilience against external influences,' emphasises Philipp Utz, CSO of Uzin Utz SE.
The most important voting results at a glance:
- Dividend per share: EUR 1.90
- Distribution amount: EUR 9,584,206.10
- Discharge of the Board of Directors: 97.5%
More information:
Uzin Utz
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