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    KENDR   NL0000852531

KENDRION N.V.

(KENDR)
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Real-time Quote. Real-time Euronext Amsterdam - 06/24 05:46:19 am
22.9 EUR   +1.10%
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Kendrion N : shareholders appoint Erwin Doll as Supervisory Board member

06/24/2020 | 10:26am EDT
June 24, 2020
Kendrion shareholders appoint Erwin Doll as Supervisory Board member
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.

Mr. Erwin Doll was appointed to the Supervisory Board of Kendrion for a period of four years. Erwin Doll is an experienced international business executive with broad automotive and industrial experience.

Mrs. Marion Mestrom was re-appointed to the Supervisory Board of Kendrion for a period of four years.

As a precautionary measure to preserve Kendrion's cash position in light of the COVID-19 pandemic, Kendrion did not submit a dividend distribution proposal to the general meeting of shareholders. The total net profit for the financial year 2019 in the aggregate amount of EUR 7.9 million was added to the other reserves.

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, 24 June 2020

The Executive Board


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

Press release: Kendrion shareholders appoint Erwin Doll as Supervisory Board member

Disclaimer

Kendrion NV published this content on 24 June 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 June 2020 14:23:34 UTC


ę Publicnow 2020
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Financials
Sales 2021 417 M 498 M 498 M
Net income 2021 12,0 M 14,3 M 14,3 M
Net Debt 2021 95,0 M 113 M 113 M
P/E ratio 2021 25,5x
Yield 2021 1,85%
Capitalization 334 M 399 M 399 M
EV / Sales 2021 1,03x
EV / Sales 2022 0,93x
Nbr of Employees 2 531
Free-Float 93,8%
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Technical analysis trends KENDRION N.V.
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 3
Last Close Price 22,65 €
Average target price 18,13 €
Spread / Average Target -20,0%
EPS Revisions
Managers and Directors
NameTitle
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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