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Ulm, 14.05.2019 - Annual General Meeting of Uzin Utz AG

Ratification of the acts of the members of the Management Board and Supervisory Board

Annual General Meeting of Uzin Utz AG

In addition, the Annual General Meeting approved the expansion of the Supervisory Board from four to six members. Amelie Klußmann, diplomat in the service of the Federal Foreign Office and daughter of the Chairman of the Supervisory Board, Dr. H. Werner Utz, and Timm Wiegmann, Chairman of the Management Board of Alberdingk Boley GmbH, were elected as new members of the Supervisory Board by the General Meeting.

Despite a demanding 2018 financial year, Heinz Leibundgut, Chief Financial Officer of Uzin Utz AG, was optimistic about the future: "We closed 2018 with another turnover record. Our good positioning in the market and our successful foreign strategy have contributed to this. At the same time, we made important decisions in the past fiscal year and took numerous measures to catch up with the dynamics on the sales side in terms of earnings as well," Leibundgut summarised last year's work to the shareholders at the Annual General Meeting in Ulm.

In order to further expand its market and innovation leadership in the long term, Uzin Utz will in future focus on the two central themes of sustainability and digitization. For the current fiscal year, the company has therefore once again increased its investment volume to about EUR 24 million compared to 2018.

At the same time, the Management Board was able to present the first results of the measures taken in 2018 to the shareholders at the Annual General Meeting.

Uzin Utz AG closed the first quarter of the current financial year with a significant increase in sales and earnings. In the first three months of 2019, consolidated sales rose by 10.5 % to EUR 91.5 million. The result from ordinary activities even increased from EUR 5.1 million to EUR 7.4 million, which corresponds to an increase of more than 45 %. "It is beginning to emerge that our stringent cost management and our measures on the raw materials and sales side were correct and that this is reflected in our earnings development. Together with our future-oriented topics and our high investment volume, we have created the prerequisites for being sustainably profitable in the future, even in an unchanged difficult market environment," concludes Philipp Utz.

 

Über die Uzin Utz Group

With around 1,300 employees and a consolidated turnover of  EUR 345.7 million (2018), the Uzin Utz Group, Ulm, is a leader in the development and manufacture of products and machines for floor laying. The construction chemical product systems for the laying of all kinds of floor coverings, including surface finishing and machines for tillage, are all developed and manufactured by the Group companies themselves and marketed worldwide under the internationally successful brands Uzin, Wolff, Pallmann, Arturo, codex and RZ. As a system partner of the skilled trades, planners, architects and builders, Uzin Utz has been dedicated for 100 years to providing professional support to end customers and installers in all areas of floor laying. More press releases on www.uzin-utz.com

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