Acquisition and Takeover Offer
SHW AG: Business activity remains firm in a difficult market
DGAP-News: SHW AG / Key word(s): Half Year Results 28.08.2020 / 09:00 The issuer is solely responsible for the content of this announcement. PRESS RELEASE SHW AG: Business activity remains firm in a difficult market – In spite of many plant closures by customers and the related reduction in
SHW AG: SHW AG postpones the Annual General Meeting for 2020
DGAP-News: SHW AG / Key word(s): AGM/EGM 17.03.2020 / 18:25 The issuer is solely responsible for the content of this announcement. PRESS RELEASE SHW AG postpones the Annual General Meeting for 2020 Aalen, 17 March 2020 SHW AG will not convene the Annual General Meeting as scheduled on 5 May
SHW AG: SHW AG reaches its set targets for another year running
DGAP-News: SHW AG / Key word(s): Preliminary Results 19.02.2020 / 16:22 The issuer is solely responsible for the content of this announcement. PRESS RELEASE SHW AG reaches its set targets for another year running – Group sales of € 432.4 million (up 2.7 per cent on the previous year)- EBITDA
SHW AG: Prevailing against a challenging market environment
DGAP-News: SHW AG / Key word(s): Half Year Results 27.08.2019 / 11:19 The issuer is solely responsible for the content of this announcement. With a holding of now over 75 per cent, the Pierer Group of companies is the industrial anchor shareholder EBIT in the first six months significantly improved
SHW AG: Joint statement of the Management Board and the Supervisory Board pursuant to Section 27 (3) German Securities Acquisition and Takeover Act published
DGAP-News: SHW AG / Key word(s): Statement 06.06.2019 / 10:07 The issuer is solely responsible for the content of this announcement. PRESS RELEASE Aalen, 6 June 2019. The Management Board and the Supervisory Board of SHW AG today published their joint statement in accordance with Section 27 (3)
SHW AG: Free trade continues on the Munich stock exchange (m:access).
DGAP-News: SHW AG / Key word(s): Regulatory Admission 17.05.2019 / 10:02 The issuer is solely responsible for the content of this announcement. Aalen, 17 May 2019. The Munich stock exchange has informed SHW AG that the shares of SHW have now also been admitted to the free trade segment of the Munich
SHW AG achieves its goals for the year
DGAP-News: SHW AG / Key word(s): Dividend 29.01.2019 / 20:00 The issuer is solely responsible for the content of this announcement. PRESS RELEASE – Group sales of EUR 420.9 million (up 5.1 per cent)- Close cooperation with Pankl Racing Systems AG initiated- Investments at a record level- Forecast
SHW AG: Thomas Karazmann appointed CFO
DGAP-News: SHW AG / Key word(s): Change of Personnel 23.11.2018 / 12:53 The issuer is solely responsible for the content of this announcement. PRESS RELEASE Aalen, 23 November 2018. The Supervisory Board of SHW AG, one of the leading automotive suppliers of CO2-relevant pumps and engine
SHW AG: Outlook for the fiscal year 2019 determined by a slower ramp-up of Chinese activities and the transition to WLTP
DGAP-News: SHW AG / Key word(s): Change in Forecast 17.10.2018 / 19:50 The issuer is solely responsible for the content of this announcement. PRESS RELEASE SHW AG: Outlook for the fiscal year 2019 determined by a slower ramp-up of Chinese activities and the transition to WLTP Aalen, 17 October
SHW AG: Back on the growth path
DGAP-News: SHW AG / Key word(s): Half Year Results 27.07.2018 / 08:40 The issuer is solely responsible for the content of this announcement. PRESS RELEASE – Sales and operating earnings in line with budget after six months- Guidance for the full year 2018 adjusted Aalen, 27 July 2018. SHW
SHW AG: Wolfgang Plasser becomes the new CEO of the company
DGAP-News: SHW AG / Key word(s): Change of Personnel 07.06.2018 / 12:29 The issuer is solely responsible for the content of this announcement. PRESS RELEASEAalen, 7 June 2018. Effective 12 June 2018 Mr. Wolfgang Plasser will become the new Chief Executive Officer of SHW AG. He takes over this office
SHW AG: First major order as a systems supplier of e-pumps underscores innovation leadership
DGAP-News: SHW AG / Key word(s): AGM/EGM 09.05.2018 / 14:02 The issuer is solely responsible for the content of this announcement. PRESS RELEASE SHW AG: First major order as a systems supplier of e-pumps underscores innovation leadership- Strategic course set for Pumps and Brake Discs- Return
SHW AG: Joint statement of the Management Board and the Supervisory Board pursuant to Section 27 (3) German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz – WpÜG) published
DGAP-News: SHW AG / Key word(s): Statement 12.04.2018 / 16:21 The issuer is solely responsible for the content of this announcement. PRESS RELEASEAalen, 12 April 2018. The Management Board and the Supervisory Board of SHW AG today published their joint statement in accordance with Section 27 (3) German
SHW AG: Chairman of the Supervisory Board Georg Wolf steps down
DGAP-News: SHW AG / Key word(s): Change of Personnel 09.04.2018 / 08:43 The issuer is solely responsible for the content of this announcement. PRESS RELEASE Aalen, 9 April 2018. The Chairman of the Supervisory Board of SHW AG, Georg Wolf, has resigned from his position as Chairman of the Supervisory
SHW AG: Groundwork laid for significant revenue and margin growth
DGAP-News: SHW AG / Key word(s): Preliminary Results 30.01.2018 / 07:43 The issuer is solely responsible for the content of this announcement. PRESS RELEASESHW AG: Groundwork laid for significant revenue and margin growth – Group sales and EBITDA margin for fiscal year 2017 within guidance range-
SHW AG decides to switch to the General Standard – close orientation to the follow-up obligations of the Prime Standard
DGAP-News: SHW AG / Key word(s): Regulatory Admission 10.11.2017 / 11:59 The issuer is solely responsible for the content of this announcement. PRESS RELEASE SHW AG decides to switch to the General Standard – close orientation to the follow-up obligations of the Prime Standard- Intensive capital
SHW AG: Outlook for the full year 2017 confirmed
DGAP-News: SHW AG / Key word(s): 9-month figures 26.10.2017 / 08:06 The issuer is solely responsible for the content of this announcement. PRESS RELEASE SHW AG: Outlook for the full year 2017 confirmed Group sales and EBITDA margin in line with budget after nine months Acquisition of Lust Hybrid-Technik
SHW AG reinforces its competitive position in the field of electromobility
DGAP-News: SHW AG / Key word(s): Takeover/Acquisition 07.08.2017 / 13:03 The issuer is solely responsible for the content of this announcement. PRESS RELEASE SHW AG reinforces its competitive position in the field of electromobility- Acquisition of Lust Hybrid-Technik GmbH- Optimisation of degree
SHW AG: Outlook for the full year 2017 reaffirmed
DGAP-News: SHW AG / Key word(s): Half Year Results 28.07.2017 / 08:03 The issuer is solely responsible for the content of this announcement. SHW AG: Outlook for the full year 2017 reaffirmed Group sales and EBITDA margin in line with budget after six months Cash flow from operating activities significantly
SHW AG: Joint statement by the Management Board and the Supervisory Board pursuant to Section 27 (1) German Securities Acquisition and Takeover Act published
DGAP-News: SHW AG / Key word(s): Statement/Offer 24.07.2017 / 12:39 The issuer is solely responsible for the content of this announcement. SHW AG: Joint statement by the Management Board and the Supervisory Board pursuant to Section 27 (1) German Securities Acquisition and Takeover Act published-
SHW AG: SHW confirms meeting with Stefan Pierer
DGAP-News: SHW AG / Key word(s): Offer 19.07.2017 / 09:54 The issuer is solely responsible for the content of this announcement. SHW confirms meeting with Stefan PiererAalen, 19 July 2017. SHW AG confirms that a first meeting was held with Mr. Stefan Pierer, CEO of Pierer Industrie AG, and Mr. Friedrich
SHW AG: Management Board does not consider the bid price announced by Pierer Industrie AG to be appropriate
DGAP-News: SHW AG / Key word(s): Statement 27.06.2017 / 08:22 The issuer is solely responsible for the content of this announcement. Aalen, 27 June 2017. After a first assessment of the bid, the Management Board of SHW AG is of the opinion that the bid price of EUR 35 per share offered by Pierer Industrie
SHW AG: Announcement of a voluntary takeover bid from Pierer Industrie AG
DGAP-News: SHW AG / Key word(s): Offer 15.06.2017 / 15:53 The issuer is solely responsible for the content of this announcement. PRESS RELEASESHW AG: Announcement of a voluntary takeover bid from Pierer Industrie AGAalen, 15 June 2017. The Management Board of SHW has acknowledged the decision of Pierer
SHW AG: Annual General Meeting resolves dividend payment of EUR 1.00 per share
DGAP-News: SHW AG / Key word(s): AGM/EGM/Dividend 10.05.2017 / 08:35 The issuer is solely responsible for the content of this announcement. PRESS RELEASE SHW AG: Annual General Meeting resolves dividend payment of EUR 1.00 per share – Significant improvement in sales and margins from 2018
SHW AG: Outlook for the full year 2017 confirmed
DGAP-News: SHW AG / Key word(s): Quarterly / Interim Statement/Quarter Results 03.05.2017 / 07:57 The issuer is solely responsible for the content of this announcement. PRESS RELEASESHW AG: Outlook for the full year 2017 confirmed- Group sales and EBITDA margin slightly below the previous year’s level
SHW AG: Notification Pursuant to section 27a para. 1 sentence 1, 3 and 4 of the German Securities and Trading Act (WpHG)
DGAP-News: SHW AG / Key word(s): Miscellaneous 06.04.2017 / 18:01 The issuer is solely responsible for the content of this announcement. Notification pursuant to section 27a para. 1 sentence 1, 3 and 4 of the German Securities and Trading Act (WpHG)Mr. Yixin PanNo. 24, Yuer RaodGaohe TownHuaining
SHW AG: Internationalisation the decisive growth driver
DGAP-News: SHW AG / Key word(s): Final Results 24.03.2017 / 07:24 The issuer is solely responsible for the content of this announcement. PRESS RELEASESHW AG: Internationalisation the decisive growth driver – Dividend proposal: EUR 1.00 per share- Significant improvement in sales and margins from
SHW AG: EBITDA margin improved to 10.7 per cent in the fiscal year 2016
DGAP-News: SHW AG / Key word(s): Preliminary Results 27.02.2017 / 07:19 The issuer is solely responsible for the content of this announcement. SHW AG: EBITDA margin improved to 10.7 per cent in the fiscal year 2016- Group sales down by 12 per cent to EUR 406 million- Stable dividend of EUR 1.00 per
SHW AG: Sales and earnings forecast for 2016 confirmed
DGAP-News: SHW AG / Key word(s): 9-month figures 2016-10-26 / 07:23 The issuer is solely responsible for the content of this announcement. PRESS RELEASESHW AG: Sales and earnings forecast for 2016 confirmed- EBITDA margin increased to 10.4 per cent in first nine months of 2016- Major order from world’s
SHW AG: First major order from world’s leading manufacturer of fully electric vehicles
DGAP-News: SHW AG / Key word(s): Incoming Orders 2016-09-30 / 10:56 The issuer is solely responsible for the content of this announcement. PRESS RELEASESHW AG: First major order from world’s leading manufacturer of fully electric vehicles- Lifetime sales: approx. EUR 100 million- Planned start of
SHW AG: Martin Simon appointed as Chief Financial Officer
DGAP-News: SHW AG / Key word(s): Change of Personnel 2016-08-31 / 07:25 The issuer is solely responsible for the content of this announcement. PRESS RELEASESHW AG: Martin Simon appointed as Chief Financial Officer- Financial expert from the automotive supplier industry with long-standing experience
SHW AG: Operating profit still within target range despite lower sales forecast
DGAP-News: SHW AG / Key word(s): Half Year Results 2016-07-26 / 20:25 The issuer is solely responsible for the content of this announcement. PRESS RELEASESHW AG: Operating profit still within target range despite lower sales forecast- EBITDA margin increased to 10.1 per cent in first half of 2016-
SHW AG: Annual General Meeting resolves dividend payment of EUR 1.00 per share
PRESS RELEASE SHW AG: Annual General Meeting resolves dividend payment of EUR 1.00 per share – Efficiency programmes successfully implemented in Powder Metallurgy – Further progress in establishment and expansion of international plants in North America and China – Chairman of the Supervisory
SHW AG: significant margin improvement in the first quarter
PRESS RELEASE SHW AG: significant margin improvement in the first quarter* Sales after three months lower than previous year, as expected* Operating margin increased to 10.1 per cent* Sales and earnings forecast for the year as a whole confirmed Aalen, 3 May 2016. SHW AG, one of the leading automotive
SHW AG: Focus on capital-efficient and profitable growth
DGAP-News: SHW AG / Key word(s): Final Results 2016-03-24 / 07:27 The issuer is solely responsible for the content of this announcement. PRESS RELEASESHW AG: Focus on capital-efficient and profitable growth- Dividend proposal: EUR 1.00 per share- Gradual improvement in profitability in 2016Aalen,
SHW AG: Result within target range – operating margin stabilises at previous year’s level
DGAP-News: SHW AG / Key word(s): Preliminary Results/Final Results 2016-02-24 / 07:01 The issuer is solely responsible for the content of this announcement. PRESS RELEASE SHW AG: Result within target range – operating margin stabilises at previous year’s level- Group sales in the fiscal year 2015
SHW AG: CFO Sascha Rosengart is leaving the company
DGAP-News: SHW AG / Key word(s): Change of Personnel 2016-02-10 / 14:02 The issuer is solely responsible for the content of this announcement. PRESS RELEASESHW AG: CFO Sascha Rosengart is leaving the companyAalen, 10 February 2016. Mr Sascha Rosengart, Chief Financial Officer of SHW AG, is to leave
SHW AG: Strategy ‘SHW 2020’: Returning to the path of profitable growth
DGAP-News: SHW AG / Key word(s): Results Forecast 2015-12-01 / 07:52 The issuer is solely responsible for the content of this announcement. PRESS RELEASEStrategy “SHW 2020”: Returning to the path of profitable growth- Improving operational excellence, expanding international presence and strengthening
SHW AG: Stable outlook for 2015 – rigorous focus on efficiency
DGAP-News: SHW AG / Key word(s): Interim Report/9-month figures 2015-10-28 / 07:53 PRESS RELEASESHW AG: Stable outlook for 2015 – rigorous focus on efficiency- Sales increased by 11.5 per cent to EUR 358.5 million in the first nine months of fiscal year 2015- Adjusted EBITDA of EUR 33.0 million is
SHW AG: Focus on profitable growth
DGAP-News: SHW AG / Key word(s): Change in Forecast/Final Results 2015-09-21 / 16:51 PRESS RELEASE SHW AG: Focus on profitable growth- Delays in implementing efficiency programmes in the Pumps and Engine Components business lead to a lowering of EBITDA (adjusted) for fiscal year 2015 to a range of
SHW AG: Sales and EBITDA remain in target range
SHW AG / Key word(s): Half Year Results 2015-07-29 / 07:23 PRESS RELEASESHW AG: Sales and EBITDA remain in target range- Sales in the first half increased 13.2 per cent to EUR 240.1 million- Adjusted EBITDA improved to EUR 23.0 million- Accelerated implementation of efficiency programmes in the Pumps
SHW AG: Consistent pursuit of growth strategy – Shareholders resolve to approve dividend of EUR 1.00 per share
SHW AG / Key word(s): AGM/EGM/Dividend 2015-05-13 / 11:32 PRESS RELEASESHW AG: Consistent pursuit of growth strategy – Shareholders resolve to approve dividend of EUR 1.00 per shareAalen, 13 May 2015. The fourth Annual General Meeting of SHW AG, held in Heidenheim on 12 May 2015, was again met with
SHW AG: Dr.-Ing. Frank Boshoff appointed as new Chief Executive Officer as of 1 July 2015
SHW AG / Key word(s): Change of Personnel 2015-05-12 / 09:43 PRESS RELEASESHW AG: Dr.-Ing. Frank Boshoff appointed as new Chief Executive Officer as of 1 July 2015 Aalen, 12 May 2015. In today’s meeting, the SHW AG Supervisory Board resolved to appoint Dr.-Ing. Frank Boshoff as new member of the Management
SHW AG: Sales and EBITDA in target range despite operational pressure
SHW AG / Key word(s): Quarter Results/Interim Report 2015-04-30 / 07:39 PRESS RELEASESHW AG: Sales and EBITDA in target range despite operational pressure- Sales in the first quarter increased by 11.7 per cent to EUR 117.0 million- Adjusted EBITDA improved from EUR 8.8 million to EUR 11.0 million-
SHW AG: Fiscal year 2014: milestones achieved for future capital-efficient growth
Fiscal year 2014: milestones achieved for future capital-efficient growth * Proposed dividend: EUR 1.00 per share* Year-on-year increase expected in Group sales and adjusted Group EBITDA in the first quarter of 2015 Aalen, 16 March 2015. SHW AG, one of the leading automotive suppliers ofCO2-relevant
SHW AG: International growth secured into the next decade – first large global order won for Europe, North America and China
SHW AG / Key word(s): Preliminary Results/Final Results 2015-02-17 / 07:32 PRESS RELEASESHW AG: International growth secured into the next decade – first large global order won for Europe, North America and China- Group sales in fiscal year 2014 climb 17.6 percent to EUR 430.0 million- EBITDA advances
SHW AG: Joint venture negotiations with Shandong Longji successfully completed
SHW AG / Key word(s): Joint Venture 2015-01-27 / 07:23 PRESS RELEASESHW AG: Joint venture negotiations with Shandong Longji successfully completedChinese OEM market for quality brake discs holds significant growth potentialAalen, 27 January 2015. The discussions initiated last June between SHW Automotive
SHW AG: Full year sales and earnings forecast confirmed
PRESS RELEASESHW AG: Full year sales and earnings forecast confirmed – Sales in the first nine months of 2014 increase 19.5 percent to EUR 321.4 million – EBITDA advances to EUR 29.4 million – Working capital ratio at 11.7 percentAalen, 28 October 2014. Today, SHW AG, one of the leading automotivesuppliers
SHW AG: Full year sales and earnings forecast raised
SHW AG / Key word(s): Half Year Results 25.07.2014 / 07:10 PRESS RELEASESHW AG: Full year sales and earnings forecast raised – Sales in the first half of 2014 increase 20.2 percent to EUR 212.1 million- EBITDA advances to EUR 19.0 million- Working capital ratio at 10.1 percentAalen, 25 July 2014. Today,
SHW AG: SHW AG and Shandong Longji Machinery Group have signed a framework agreement to draw up a joint venture contract
SHW AG / Key word(s): Agreement/Contract 02.06.2014 / 07:37 PRESS RELEASE SHW AG and Shandong Longji Machinery Group have signed a framework agreement to draw up a joint venture contractAalen, 2 June 2014. SHW AG has signed a framework agreement for its Brake Discs business segment to draw up a joint
SHW AG: Dividend of EUR 1.00 per share decided by the Annual General Meeting
SHW AG / Key word(s): AGM/EGM/Dividend 12.05.2014 / 16:17 PRESS RELEASESHW AG: Dividend of EUR 1.00 per share decided by the Annual General MeetingAalen, 12 May 2014. The Annual General Meeting of SHW AG, which was held in Heidenheim on 9 May 2014, met with great interest on the part of SHW shareholders,
SHW AG: Sales increase in the first quarter – sales and earnings guidance for the full year reconfirmed
SHW AG / Key word(s): Quarter Results/Interim Report 30.04.2014 / 07:28 PRESS RELEASE SHW AG: Sales increase in the first quarter – sales and earnings guidance for the full year reconfirmed- Sales in the first quarter 2014 increased to EUR 104.8 million- EBITDA improved to EUR 8.8 million- First Chinese
SHW AG to propose stable dividend of EUR 1.00 per share
PRESS RELEASE SHW AG to propose stable dividend of EUR 1.00 per share- Dividend proposal: EUR 1.00 per share- Group sales and adjusted Group EBITDA in Q1 2014 expected to exceed prioryear quarter and previous quarterAalen, 17 March 2014. SHW AG, one of the leading suppliers of CO2-relevantpumps and engine
SHW AG reaches sales and earnings targets and projects continued growth for fiscal year 2014
PRESS RELEASESHW AG reaches sales and earnings targets [1] and projects continued growthfor fiscal year 2014- Group sales grow by 12.4 percent to EUR 365.6 million in fiscal year 2013- EBITDA [2] climb 5.3 percent to EUR 35.7 million – Implementation of internationalisation strategy continues to proceedaccording
SHW AG achieves record quarterly sales and order intake figures
PRESS RELEASESHW AG achieves record quarterly sales and order intake figures – Group sales up 32.9 percent to 96.0 million euros – Order intakes up 39.6 percent to 103.5 million euros – Significant drop in working capital and net financial debt – Good progress made in implementing the internationalisation
SHW AG: SHW shares to be included in SDAX with effect from 23 December
PRESS RELEASESHW shares to be included in SDAX with effect from 23 December Aalen, 5 December 2013. The shares of SHW AG, a leading supplier ofCO2-relevant pumps and engine components as well as brake discs, will beincluded in the SDAX, Deutsche Börse AG’s benchmark index for 50 smallcaps, with effect
SHW AG: Chairman of the Supervisory Board Anton Schneider to step down at end of the year – Georg Wolf proposed as his successor
PRESS RELEASE Chairman of the Supervisory Board Anton Schneider to step down at end ofthe year – Georg Wolf proposed as his successorAalen, 27 November 2013. Today, Chairman of the Supervisory Board of SHW AGAnton Schneider announced that he will step down from his position asSupervisory Board member
SHW AG achieves record quarterly sales and earnings figures
PRESS RELEASE SHW AG achieves record quarterly sales and earnings figures – Group sales [1] up by 12.7 percent to EUR 92.6 million – At 12.0 percent, Group EBITDA remains at a constant high level Aalen, 21 October 2013. Today, SHW AG, one of the leading automotivesuppliers of CO2-relevant pumps and
SHW AG achieves pleasing quarterly result
PRESS RELEASESHW AG achieves pleasing quarterly result – Group sales [1] outperform the market: +7.3 percent to EUR 91.8 million – Group EBITDA margin [2] up to a pleasing 12.0 percent Aalen, 06 August 2013. Today, SHW AG, one of the leading suppliers ofCO2-relevant pumps and engine components, as
SHW AG reports very pleasing development in sales and order intake for the second quarter of 2013
SHW AG / Key word(s): Preliminary Results/Quarter Results 04.07.2013 / 07:44 PRESS RELEASE SHW AG reports very pleasing development in sales and order intake for the second quarter of 2013 – Group sales [1] up by 7.1% to EUR 91.6 million in Q2- At EUR 96.8 million, order intake increased by 11.8% compared
SHW AG: Dr. Thomas Buchholz appointed as new CEO of SHW AG
SHW AG / Key word(s): Change of Personnel 23.05.2013 / 17:59 PRESS RELEASEDr. Thomas Buchholz appointed as new CEO of SHW AGAalen, 23 May 2013. Dr. Thomas Buchholz (born 1957) will be the new CEO of SHW AG. He was appointed by the supervisory board as member of the Company’s management board today with
SHW AG: Dividend of EUR4.00 per share decided by the Annual General Meeting
SHW AG / Key word(s): AGM/EGM/Dividend 15.05.2013 / 16:27 PRESS RELEASE SHW AG: Dividend of EUR4.00 per share decided by the Annual General MeetingHeidenheim, 15 May 2013. The second ordinary Annual General Meeting of SHW AG, which was held in Heidenheim on 14 May 2013, once again met with great interest
SHW AG: Sascha Rosengart appointed new CFO of SHW AG
SHW AG / Key word(s): Change of Personnel 07.05.2013 / 07:29 PRESS RELEASE Sascha Rosengart appointed new CFO of SHW AGAalen, 7 May 2013. The Supervisory Board of SHW AG has appointed Mr Sascha Rosengart as its new CFO effective 6 May. Most recently, Mr Rosengart was CFO and member of the management
SHW AG confirms full year forecast after a challenging first quarter
SHW AG / Key word(s): Interim Report/Quarter Results 07.05.2013 / 07:21 PRESS RELEASE SHW AG confirms full year forecast after a challenging first quarter- At EUR 84.9 million first quarter Group sales almost reached the prior year’s level of EUR 85.4 million- Group EBITDA temporarily impacted by
CEO Dr. Wolfgang Krause leaves SHW AG
SHW AG / Key word(s): Change of Personnel/Change of Personnel 30.04.2013 / 20:27 PRESS RELEASECEO Dr. Wolfgang Krause leaves SHW AGAalen, 30 April 2013. Dr. Wolfgang Krause, CEO of SHW AG, will leave the Company by mutual consent by the end of the month. This was agreed upon by the supervisory board