dated August 31, 2020
In the view of the Covid-19 pandemic, on March 23, 2020, the Company announced the decision taken by the Management Board and the Supervisory Board not to propose a dividend to the Shareholders for fiscal year 2019.
Future dividends will depend, in particular, on the Group’s general financial position, the commitments of the Company and its subsidiaries in connection with its financing and any other factor deemed relevant by the Company’s Management and Supervisory Boards.
For the previous years, the Company distributed dividend per share of €0.26 for the fiscal year ended December 31, 2018 (i.e. 30% dividend payout ratio) of which €0.16 of ordinary dividend and €0.10 of exceptional dividend.
For the fiscal year ended December 31, 2017, the Shareholders’ Meeting of May 17, 2018 voted in favor of a one - off cash distribution corresponding to a dividend per share of €0.15 (i.e. 40% dividend payout ratio).