All Stories
Subscribe to Thielert AG

03.08.2007 – 16:38

Thielert AG

Annual general meeting held successfully

--------------------------------------------------------------------------------   ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for   the content of this announcement. --------------------------------------------------------------------------------


Hamburg (euro adhoc) - The SDAX-listed company Thielert AG held its annual general meeting on 01 August 2007 in Hamburg. The 194 shareholders present were able to look back on a successful financial year in 2006, a year that was defined by investments into the future. Nevertheless, the company recorded a growth in turnover of 59.5 percent over the same period. At the vote, the shareholders approved the board of directors and the supervisory board by a very large majority. In addition, Ernest & Young AG, Hamburg was appointed as new financial auditor.

"After the investments in the new locations in Altenburg and Dallas as well as in assembly lines, we are optimally equipped for the future. We will make further investments into our growth, in order to achieve the 50 percent market share we are aiming for in the field of aircraft engines. Our forecasts for 2007 and 2008 are to be confirmed here. We are continuing to grow, with healthy revenues and healthy returns", reported Frank Thielert, CEO, in his summing up of the company's situation. He added that the relationships with the most important customers were on a firm and long-term financial footing. "Customers such as Diamond, Cessna and General Atomics Aeronautical Systems are now - and will be in the future - the basis of our business success."

Following the general debate, voting on the points on the agenda led to clear majorities in favour of the resolutions proposals of the administration. The management board was approved with 99,90 percent. The actions of the supervisory board were approved by 99.93 percent. In addition, 99.98 percent voted in favour of the accountants Ernst & Young, Hamburg as the company's new financial auditors. A total of 69.33 percent of those eligible to vote were present at the AGM.

Your contact:

Sebastian Wentzler Head of Corporate Communication Tel: +49 40 69695035 Fax: +49 40 69695050 E-mail:

About Thielert Group: The Thielert Group, established in 1989, is the world's leading supplier of certified kerosene/diesel piston aircraft engines for General Aviation. As a certified aviation development, manufacturing and maintenance business, Thielert AG was the first company to gain approval for a kerosene piston engine. The kerosene engines in the CENTURION family reduce immediate flight costs by up to 60 percent, compared with the aircraft engines in widespread use today. In addition to which, the company has been producing components for high-performance engines for more than 17 years, as well as digital engine management systems. It develops production strategies for engine components and complete engine adaptations for automotive, defense and the aviation industry. The company employs over 320 people at its plants in Lichtenstein/Saxony, Altenburg, Hamburg as well as Coppell/USA.

end of announcement                                                 euro adhoc 03.08.2007 16:37:09

ots Originaltext: Thielert AG
Im Internet recherchierbar:

Further inquiry note:
Sebastian Wentzler
Head of Corporate Communication
Telefon: +49(0)40-696950-35

Branche: Machine Manufacturing
ISIN:      DE0006052079
WKN:        605207
Index:    SDAX, CDAX, Prime All Share, Classic All Share
Börsen:  Börse Frankfurt / official dealing/prime standard
              Börse Berlin / free trade
              Börse Hamburg / free trade
              Börse Stuttgart / free trade
              Börse Düsseldorf / free trade
              Börse München / free trade

Original content of: Thielert AG, transmitted by news aktuell

More stories: Thielert AG
More stories: Thielert AG