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All agenda items approved at Sibelco annual shareholder meeting and solid revenue growth recorded in first quarter

Sibelco today announced that all items were approved at its annual shareholder meeting and also confirmed solid revenue growth across its activities in the first quarter of 2021.

All agenda items approved at the AGM

The items approved included the 2020 dividend and the re-election of the following directors for a new three-year mandate:

Bert De Graeve (IDw Consult BVBA)

Jean-Pierre Labroue (Calavon Finance SAS)

France de Sadeleer

Walter Emsens

Two new directors were also appointed – Kerstin Konradsson and Srinivasan Venkatakrishnan. Their profiles can be found here.

Chairman, Bert De Graeve commented : “I am delighted to welcome our two new directors who bring outstanding skills and experience to Sibelco’s Board. I and the other members of the Board look forward to working with the management team to deliver value for Sibelco’s shareholders and other stakeholders in the coming years.”

Solid revenue growth recorded in first quarter of 2021

On an exceptional basis, Sibelco provided commentary on its business for the first quarter of 2021.

Revenues for Sibelco’s continuing activities in the first quarter were 3% higher than in the first quarter of 2020 and 2% higher than in the first quarter of 2019. This confirms the steady recovery from the COVID-19 pandemic that the company outlined in early 2021.

Commenting on the developments of the first quarter, Sibelco CEO Hilmar Rode said: “Sibelco displayed a high degree of resilience to the pandemic during 2020 and it is encouraging to see the company also get off to a positive start in 2021.  The management team is focused on driving further improvements in performance and delivering growth through the Sibelco 2025 strategy.”