The Board of Uniwheels AG (WSE: UNW) recommended shareholders to pay a dividend of Euro 1.65 per share for 2015 (which means a dividend of 50% of the profits), the company said in the report.
According to board member and CFO Karsten Obenaus, payment of 50% of the profits is the "level of dividends, which clearly exceeds the average in the European automotive industry."
Uniwheels Group is one of the leading suppliers of aluminum wheels for passenger cars in Europe and one of the few technology leaders in the field of aluminum wheels. Manufacturing plants are located in Germany and Poland. The Group supplies wheels for the majority of the most respected car manufacturers.
The company is a component of the index sWIG80 (3.169%) and the WIG (0.262%) index.