euromicron AG, a medium-size high-tech technology company that specializes in the “Internet of Things” (IoT), successfully held its Annual General Meeting in Frankfurt/Main on June 14, 2017. Around 25% of the share capital was present.
In the course of the Annual General Meeting, the Management Board reported in detail on the operative development of the last financial year 2016 and the measures taken in the last reorganization year. On current projects and examples, the shareholders were able to follow the developments within the Group and the company strategy. With the figures for the first quarter, the Management Board gave an outlook for the current financial year 2017.
All the agenda items have been passed by a large majority. The Management Board and the Supervisory Board were discharged for the past financial year 2016. In addition, PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft, Frankfurt am Main, was elected as the auditor for the company and the Group for the 2017 financial year.
Bettina Meyer, Spokeswoman of the Executive Board of euromicron AG, notes: „In fiscal year 2016, we made further progress in transforming the euromicron Group according to our new strategy. We are now in a transformation phase in which we will consistently focus the Group on the "Internet of Things" market in the coming two years. This will still require some effort. However, the positive figures for the first quarter of 2017 show that we are on the right path. We are pleased when shareholders continue to place their trust in us."
The voting results of the Annual General Meeting are available on https://www.euromicron.de/en/investor-relations/general-meeting.
euromicron AG (www.euromicron.de) unites medium-sized high-tech companies from the fields of Digital Buildings, Smart Industry and Critical Infrastructures. As a German specialist for the Internet of Things, euromicron enables its customers to network business and production processes and successfully move to a digital future. From design and implementation, operation, to related services – euromicron implements customized solutions and creates the IT, network and security infrastructures required for them. As a result, euromicron lets its customers migrate existing infrastructures gradually to the digital age. euromicron’s expertise helps the company’s customers increase their agility and efficiency, as well as develop new business models that lay the foundation for commercial success down the road.
The technology group is headquartered in Frankfurt/Main, has been listed on the stock exchange since 1998 and employs around 1,800 people at 32 locations. The euromicron Group comprises a total of 17 subsidiaries, including the brand names Elabo, LWL-Sachsenkabel, MICROSENS and telent. euromicron AG generated total sales of €325.3 million in fiscal year 2016.