The ordinary general meeting of shareholders of Société Anonyme Paul Wurth was held on 12 May 2015 under the leadership of Michel Wurth to approve the financial statements of the year 2014.
As a result of major sales efforts and a broad demand-aligned product portfolio, the Paul Wurth Group’s new order intake for the year 2014 equalled EUR 359M, up 6.7% from the level reached in 2013. A significant part of this progression is owed to the well developing servicing business.
Turnover for the year was EUR 485M, staying at a similar level to that of the previous year. Paul Wurth closed the financial year with earnings before tax of EUR 11.2M. The General Meeting approved the payment of a gross dividend of EUR 105 per share on account of the 2014 financial year.
Since the investment behaviour of the steel industry is unlikely to change in 2015, repair and modernisation projects will continue to dominate the market and do offer good opportunities for the group. Besides the OEM business, this opens more possibilities to expand the servicing business.