At the recent Annual General Meeting of Flughafen Zürich AG, shareholders approved all proposed resolutions. This includes the distribution of an ordinary dividend of CHF 4.30 per share and an additional special dividend of CHF 1.40. The resolution was adopted in light of the company's encouraging annual profit of CHF 327 million generated in the 2024 financial year. This positive development was achieved in both air traffic and the commercial sector.
Another important item on the agenda was the election of Beat Schwab to the Board of Directors as a representative of the Canton of Zurich. He will take office on May 1st and succeeds Vincent Albers, who was thanked for his many years of service. Schwab was also elected to the Nomination & Compensation Committee. Current Board members Claudia Pletscher, Corine Mauch, Guglielmo Brentel, Stephan Gemkow, and Chairman Josef Felder were re-elected for another term. The representatives delegated by the Canton of Zurich, including the Director of Economic Affairs Carmen Walker Späh and Beatrix Frey-Eigenmann, will not be elected by the Annual General Meeting.
The meeting also marked the 25th anniversary of Flughafen Zürich AG since its privatization in 1999. Chairman of the Board of Directors, Josef Felder, emphasized the significance of this step and highlighted the airport's successful development as an example of a successful public-private partnership. It was also highlighted that Zurich Airport had been named Europe's Best Airport for the 21st time, which is also considered a success of the privatization. In view of the planned distribution of the special dividend, which will draw on the capital contribution reserves, the Board of Directors has established a new dividend policy for the coming years. This provides for a payout ratio of approximately 50 percent of adjusted net profit. If debt remains low, this ratio could rise to as much as 75 percent.
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