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RNS - The Shareholders’ Meeting approves the Financial Statements at 31 December 2024 and the distribution of a dividend of Euro 0.206 per share

Company: SBE-Varvit Date: 2025-04-30 Language: English Register to download

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## **PRESS RELEASE**

## **GENERAL SHAREHOLDERS' MEETING**

**Approval of the Financial Statements at 31 December 2024 and distribution of a dividend of Euro 0.206 per share, with payment date on 21 May 2025, ex-dividend date on 19 May 2025 and record date on 20 May 2025.** 

**Reggio Emilia, 30 April 2025** – The Shareholders' Meeting of **SBE-Varvit S.p.A.** (the "Issuer"), held today in single call, resolved upon the following items on the agenda:

- − approval of the Financial Statements at 31 December 2024, as presented by the Board of Directors, showing net profit for the year of €24,642,358;
- − distribution of a dividend of €0.206 per outstanding share approved (for a total amount of €21,060,000), with allocation of the remaining net profit for the year to the extraordinary reserve. Dividend will be paid starting on 21 May 2025, ex-dividend date on 19 May 2025 and *record date* on 20 May 2025.

Furthermore, with regard to the appointment of Independent Auditors for financial years 2025 – 2027 and to the determination of the annual fees, the General Shareholders' Meeting resolved:

- − confirmation of the appointment of Independent Auditors for the financial years ending 31 December 2025, 2026 and 2027 to the auditing firm KPMG S.p.A. with registered office in Milan, 25, Via Vittor Pisani;
- − annual fee of €120,000.00 plus VAT for the three-year period 2025-2027; as well as any criteria for adjustment during the assignment period.

The Minutes of the Shareholders' Meeting and the voting summary will be made available to the public within the terms and in the manner set forth by the applicable legislation, as well as on the Issuer's website www.sbe.it, in the Investor Relations/Shareholders' Meeting section.

\* \* \*

**SBE-Varvit** *is active in the production, distribution and commercialization of a wide and diversified range of fastening components including screws, bolts, nuts, cold and hot formed products, fasteners and highly engineered mechanical components. The Company is characterised by its integrated and vertical offer, through which it can constantly monitor each stage of the production process and disintermediate the market. The Issuer's business model is indeed centred on the disintermediation of every stage of the production and distribution process, with the main objective of shortening the distance between producer and end customer as much as possible, reducing the distributors' role to a minimum. The Issuer's products are intended to be marketed in various markets including agricultural machinery, construction machinery, industrial machinery, commercial vehicles, personal mobility, wind power and infrastructure, totalling more than 5,000 customers. SBE-Varvit operates through seven production units located in Italy (in Monfalcone, Grugliasco, Tolmezzo, San Giuliano Milanese, Montirone and Acerra) and one located in Serbia (in Sabac) and through five highly automated warehouses in Italy, Serbia and the United States. For more information:* www.sbe.it

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## **CONTACTS**

**Investor Relator**  Alessandro Caronti – investor@varvit.com +39 0522 5088

**Euronext Growth Advisor Equita SIM S.p.A.**  sbe-varvit@equita.eu

**IR & Media Barabino&Partners** Office: +39 02/72.02.35.35 Ferdinando De Bellis – f.debellis@barabino.it +39 339 18 72 266 Agota Dozsa – a.dozsa@barabino.it +39 338 74 24 061 Virginia Bertè – v.berte@barabino.it +39 342 97 87 585

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