Rußbach, on 10.07.2025
Following the ad hoc announcement of July 1, 2025, in which the exercise of the auditor’s duty to speak in accordance with Section 273 (2) UGB was reported, RWT AG announces the following additional facts:
- Cancellation of the dividend payment at the subsidiary
The same-phase dividend distribution of RWT Hornegger & Thor GmbH, a wholly owned subsidiary of RWT AG, which had already been resolved for the 2024/2025 financial year, will not take place.
The economic development of the subsidiary in the current financial year makes it necessary to refrain from payment in accordance with § 82 (5) GmbHG.
2 Expected accumulated loss of RWT AG
Due to the lack of dividend income from the subsidiary, the Management Board of RWT AG expects a net loss in the annual financial statements as at January 31, 2025.
- No dividend payment by RWT AG
As a result of the expected balance sheet loss, RWT AG will not distribute a dividend in the 2025 financial year. This decision does not represent a change in dividend policy, but is a result of the balance sheet situation.
- Implementation of a recommended impairment test
The impairment test on the carrying amount of the investment in RWT Hornegger & Thor GmbH recommended by the auditor in accordance with Section 273 (2) UGB was carried out. The aim was to clarify whether an impairment loss was required in accordance with Section 204 (2) UGB. The basis for the recommendation of an impairment test was the effects of the insolvency of the major customer KTM. The impairment test took into account the resumption of orders by KTM and the new customer relationships successfully established in the meantime as part of the updated corporate planning for the impairment test.
Legal notice / Disclaimer:
This notification is a mandatory notification pursuant to Art 17 of the Market Abuse Regulation. This announcement constitutes neither an offer to purchase securities nor a solicitation of an offer to purchase securities of RWT AG. Any future offer of securities of the company will be made in accordance with and on the basis of the applicable capital market regulations.
THIS NOTICE IS NOT INTENDED FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN PART OR IN WHOLE IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER COUNTRY IN WHICH PUBLICATION OR DISTRIBUTION WOULD BE ILLEGAL.
Further information and contact:
RWT AG
Gseng 90
A-5442 Rußbach
Austria
Contact person
Reinhard Thor
+43 6242 471
r.thor@r-w-t.com