GENERAL MEETING OF MORALT AG

2021-07-05 

15 shareholders currently hold shares in Moralt AG. Main shareholder and board member, Klaus Feile, was able to present positive content for the 2020 financial year at the Annual General Meeting of Moralt AG on June 25, 2021.

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Since 2019, Moralt AG employees have been able to purchase shares at a preferential price. Through the associated ownership, voting and asset rights, Moralt AG is increasingly involving its workforce in the company's development. Moralt AG is currently in the hands of a total of 15 shareholders, with board member Klaus Feile still holding 80% of the shares. Until the end of July, every eligible person will be offered a further share package as part of the ongoing employee participation program.

“Moralt mastered 2020 with flying colors despite the pandemic and global economic crisis!” There was consensus on this conclusion at the Annual General Meeting of Moralt AG. In addition to the shareholders' group and the board of directors, the supervisory board was represented. After the opening of the general meeting, Klaus Feile was appointed chairman of the meeting. He gave an insight into the business development and strategic direction of the traditional company, which has had an impressive success story with many international reference objects since concentrating on the door business in 2013. Moralt AG's export quota was 67% in 2020. One of the most prestigious and architecturally challenging objects of 2020 was the Bee’ah Headquarters in Sharjah, in the United Arab Emirates.

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Despite the crisis-related decline in sales, a positive result was reported for the 2020 financial year. Equity increased to a remarkable 75%. Tax advisor, Ms. Gabriele Witte, explained the annual financial statements and the most important business figures via video conference. Based on this annual report and the positive development of the past few years, Moralt AG enjoys a very good credit rating and is looking positively into the future despite all the challenges of the Corona crisis. After the actions of the Executive Board and the Supervisory Board were discharged, it was unanimously decided to carry forward the balance sheet profit. The board noted that over the last 7 years, Moralt AG shares have performed approximately three times more positively than the German DAX stock index.

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With door blanks and application systems for functional interior and exterior doors, Moralt AG offers license systems for individual door solutions with thermal insulation, burglary resistance, sound, fire, smoke protection and much more, and holds certificates and approvals for this in several European countries. In addition, Moralt also offers international know-how outside of the European world of standards. Since 2016, 38 employees have been producing at the Hausham location and working intensively to continue the growth and modernization of the company.