At today’s Annual General Meeting of Österreichische Beteiligungs AG (ÖBAG), the Management Board’s dividend proposal for 2023 was approved. On 10 July, the Ministry of Finance, as the 100% owner of ÖBAG, will receive a transfer of EUR 930 million in dividends. Together with the EUR 735 million payout by VERBUND, the total dividends for the Republic of Austria from the companies managed by ÖBAG is EUR 1.67 billion. This sum includes special dividends of EUR 399 million.

The increase over the 2022 financial year in which EUR 1.56 billion in dividends were distributed is +7%. The total portfolio value of ÖBAG’s companies amounted to EUR 32.06 billion at the close of 2023, which is slightly higher year on year. This gain in value was driven mainly by the excellent performance of VERBUND, Bundesimmobiliengesellschaft and Telekom Austria.

“The past year once again demonstrated the sound standing of ÖBAG’s holdings. The excellent performance is also seen in the steady trend of high dividend payouts to the Republic. It also shows that the management of the eleven investees are well aware of their responsibility for the national economy and act accordingly,” said ÖBAG CEO Edith Hlawati.

At the Annual General Meeting, the Chairwoman of the Management Board of Infineon Technologies Austria AG, Sabine Herlitschka, was appointed to the Supervisory Board of ÖBAG to replace Caroline Toifl whose term of office expired.

The Annual Report for 2023 is now available on the ÖBAG website.