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GENERAL MEETING OF MORALT AG

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2022-06-29

15 shareholders currently hold shares in Moralt AG.

Main shareholder and board member, Klaus Feile, was able to present positive content for the 2021 financial year at the Annual General Meeting of Moralt AG on June 24, 2022. 

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 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, further share packages will be offered to everyone eligible as part of the ongoing employee participation program.

“Moralt has operated successfully despite the adverse external circumstances!” 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 also 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 focusing on the door business in 2013. Moralt AG's export quota was 68% in 2021. One of the most prestigious properties of 2021 was the Dorchester Residences in Dubai in the United Arab Emirates.

 

Sales increased by 20.0% compared to the previous year and a clearly positive result was reported. The increase in equity and thus also the increase in value of the Moralt share is 11.5%. The equity is a remarkable 66%. Tax advisor, Ms. Gabriele Witte, explained the annual financial statements, the most important business figures and the positive development of the past few years. Moralt AG enjoys a very good credit rating and, despite all the challenges, looks positively into the future. After the discharge of the Executive Board and the Supervisory Board, it was unanimously decided to carry forward the retained earnings. The board encouraged the group of shareholders to purchase further shares as a solid investment. An appropriate culinary conclusion with a tour of the production took place in the premises of the neighboring Lantenhammer distillery in a relaxed atmosphere.

With door blanks and license systems for interior and exterior doors with functionality, Moralt AG offers solutions for individual door elements 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 according to British and American standards. Since 2016, 39 employees have been producing at the Hausham location and working intensively to continue the success story through growth and modernization of the company.

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