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Working together towards a sustainable future

Since the company was first established, W.E.B has regarded the energy transition as a common endeavor based on the concept of community participation. W.E.B’s first wind turbines were constructed with funds supplied by a group of genuine enthusiasts. That’s how our first project companies came to be.

In 1999, the company finally became a stock corporation: WEB Windenergie AG has remained true to the principle that many people can work together to achieve great things, even if each one only contributes a small amount.  The W.E.B shares are registered shares which are not listed on the stock exchange. Investors can become involved or pull out at any time, with a low threshold and flexible manner.

WEB Windenergie AG now has public shares held by more than 5,500 shareholders. Each and every stakeholder has helped to make the company what it is today: an internationally active enterprise with subsidiaries in eight countries.

23rd Annual General Meeting once again in person

05/2022

Numerous participants, extensive approval of resolutions

The 21st Annual General Meeting in 2020 and the 22nd Annual General Meeting in 2021 had to be held online due to the coronavirus. For this reason, it was a great pleasure for us this year to be able to meet each other in person once again. Those shareholders who were not able to come were given the opportunity to follow the Annual General Meting via live stream. Naturally, we were particularly pleased to see the numerous participants at the Annual General Meeting, reflecting the lively interest in the development of W.E.B.
Chairman of the Supervisory Board Josef Schweighofer welcomed the attendees as well as those who were tuned in and, as usual, explained the procedures and provided legal information. 

He subsequently gave the floor to the two Members of the Board of Directors of W.E.B, namely Frank Dumeier and Michael Trcka, who in turn gave a detailed summary of the eventful and successful year 2021. Revenue increased substantially in 2021 in spite of comparatively weak wind conditions in Europe, rising to EUR 113.6 million (2020: EUR 106.2 million). This was the first time that revenue surpassed the threshold of EUR 110 million. The Group net profit also climbed to EUR 17.1 million from EUR 15.5 million in the previous year. 

Following the report of the board members and the reading out of the other items on the agenda, a general debate was held in which numerous questions posed by shareholders were answered by the Members of the Board of Directors and the Chairman of the Supervisory Board.
 
All the proposed resolutions were adopted by the shareholders by a large majority. Amongst other things, the proposal for the appropriation of earnings and the distribution of a dividend amounting to EUR 2.10 per share were accepted. In addition, the Annual General Meeting also resolved upon the discharge of the Board of Directors and Supervisory Board members for the 2021 financial year. 

At the conclusion of the Annual General Meeting, Josef Schweighofer thanked shareholders for the confidence placed in the company and the W.E.B team for enabling the Annual General Meeting to be implemented in such a smooth manner. 
 

Corporate governance

As a community participation company, W.E.B is particularly conscious of its obligation to ensure responsible and transparent corporate governance. Since mid-2006, WEB Windenergie AG has been committed to compliance with the Austrian Code of Corporate Governance (√ĖCGK). This code has been applied with certain provisos and clarifications, which are published each year in the company‚Äôs annual report.

More questions about investing in W.E.B?

Beate Zöchmeister
Head of Communications & Investor Relations

Mbeate.zoechmeister@web.energy
T+43 2848 6336 - 19

We will be happy to assist you!

Investor Relations Team
M. Weichselbraun, B. Fuger, K. Rammel

Minvestor@web.energy
T+43 2848 6336 - 20

This information is used for promotional purposes. This may include an offer to sell or a request or invitation to purchase or subscribe to securities. This information does not represent investment advice or financial analysis. Whether or not a particular security is suitable for you depends on a range of considerations, including your financial circumstances, tolerance for risk, knowledge and experience and investment objectives. All investments involve a certain amount of risk, and it is therefore recommended that you seek advice from an independent expert prior to purchasing any securities. This information has been compiled and checked with all possible care. However, errors in rounding, reporting or printing cannot be entirely excluded.

Risks associated with securities: 
Past share performance does not guarantee future developments. Share prices can fluctuate. In the absence of a regulated market or inclusion in a multilateral trading system, shareholders may find shares difficult or impossible to sell. If suitable profits are not recorded or if relevant decisions are made at a general meeting, shareholders may receive limited or no dividends. Shareholders may lose their entire investment in certain circumstances, such as the insolvency of the issuer. The sale of shares on credit carries with it increased risk. Taxation-related risks. Shareholders who own or purchase a share in the issuer exceeding 10% of the share capital do not receive a commensurate influence over the company in the form of voting rights. Changes to applicable laws, regulations or administrative practices can have adverse effects on the issuer, new shares and/or investors. This company is not subject to takeover laws, and the protective measures in such legislation do not apply to our shareholders.