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    KENDR   NL0000852531


Real-time Quote. Real-time Euronext Amsterdam - 07/30 11:35:24 am
22.4 EUR   -0.67%
07/19KENDRION N : establishes itself as a full-range supplier for AGVs
05/28KENDRION N : INTORQ to use bin picking for rotor machining
05/04KENDRION N : First quarter results 2021
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Kendrion N : First quarter results 2021

05/04/2021 | 01:37am EDT

K E N D R I O N N . V . P R E S S R E L E A S E 1 2 A p r i l 2 0 2 1

Kendrion shareholders appoint Frits van Hout as Supervisory Board member and Chairman

Amsterdam, the Netherlands - Kendrion N.V. confirms that all resolutions that were brought up for vote were adopted by the general meeting of shareholders earlier today. In accordance with the applicable COVID-19 measures, the meeting was held virtually without shareholders being physically present.

Mr. Frits van Hout was appointed to the Supervisory Board of Kendrion N.V. for a period of four years. Frits van Hout is a seasoned professional with international experience who is known for his extensive technical expertise as well as his design and development experience. Van Hout will succeed Mr. Henk ten Hove as Chairman of the Supervisory Board and member of the HR Committee. Henk ten Hove served as a Supervisory Board member and Chairman since 2013.

Joep van Beurden, Kendrion CEO. "We welcome Frits van Hout as new member and Chairman of the Supervisory Board. Frits van Hout brings excellent vision and international experience around transformation and technology innovation, which is highly relevant for the markets where we operate. I also want to express my deep appreciation to Henk ten Hove, the departing Chairman of our Supervisory Board, for his significant and invaluable contribution to Kendrion over the past eight years. He has provided consistent and thoughtful guidance and oversight throughout his time in the Supervisory Board."

The shareholders also approved the distribution of a dividend of EUR 0.40 per share, representing a payment of dividend of 50% of the normalised net profit for 2020. The payment of the dividend will be made in cash, or, at the option of shareholders, in the form of ordinary shares.

The voting results per agenda item are published on the Kendrion website.

Profile of Kendrion N.V.

Kendrion develops, manufactures and markets high-quality electromagnetic systems and components for industrial and automotive applications. For over a century, we have been engineering precision parts for the world's leading innovators in passenger cars, commercial vehicles and industrial applications. As a leading technology pioneer, Kendrion invents, designs and manufactures complex components and customised systems as well as local solutions on demand.

We are committed to the engineering challenges of tomorrow, and taking responsibility for how we source, manufacture and conduct business is embedded into our culture of innovation. Rooted in Germany, headquartered in the Netherlands and listed on the Amsterdam stock exchange, Kendrion's expertise extends across Europe, to the Americas and Asia. Created with passion and engineered with precision.

Amsterdam, 12 April 2021

The Executive Board

Page 1 of 2

For more information, please contact:

Kendrion N.V.

Mr. Joep van Beurden

Chief Executive Officer

Tel: +31 85 073 1504

Email: IR@kendrion.com

Website: www.kendrion.com

Page 2 of 2


Kendrion NV published this content on 04 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 May 2021 05:36:09 UTC.

© Publicnow 2021
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More news
Sales 2021 417 M 495 M 495 M
Net income 2021 12,0 M 14,2 M 14,2 M
Net Debt 2021 95,0 M 113 M 113 M
P/E ratio 2021 25,3x
Yield 2021 1,88%
Capitalization 331 M 392 M 393 M
EV / Sales 2021 1,02x
EV / Sales 2022 0,92x
Nbr of Employees 2 531
Free-Float 93,8%
Duration : Period :
Kendrion N.V. Technical Analysis Chart | MarketScreener
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Technical analysis trends KENDRION N.V.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 3
Last Close Price 22,40 €
Average target price 18,13 €
Spread / Average Target -19,1%
EPS Revisions
Managers and Directors
Joep A. J. van Beurden Chief Executive Officer
Jeroen Hemmen Chief Financial Officer
Frits J. van Hout Chairman-Supervisory Board
Marion J. G. Mestrom Independent Member-Supervisory Board
Jabine T. M. van der Meijs Independent Member-Supervisory Board
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