PRESSEPORTAL Presseportal Logo
All Stories
Subscribe to Thielert AG

03.08.2007 – 16:38

Thielert AG

Annual general meeting held successfully

Hamburg (euro adhoc) -

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

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