VISCOM AG (FRA:V6C) Viscom AG - Executive Board and Supervisory Board propose dividend at minimum level
Transparency directive : regulatory news
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DGAP-Ad-hoc: Viscom AG / Key word(s): Dividend Viscom AG - Executive Board and Supervisory Board propose dividend at minimum level Hanover, 30 March 2020 - At today's meeting to adopt and approve the 2019 annual financial statements and consolidated financial statements, the Executive Board and the Supervisory Board of Viscom AG (ISIN DE0007846867) resolved to recommend to the Annual General Meeting a significant reduction in the dividend payment for the 2019 financial year in comparison to previous years. It is currently very difficult to assess the impact the global COVID-19 pandemic will have on the Viscom Group. Although the Executive Board and the Supervisory Board expect sales markets to perform well in the long term, increased uncertainty caused by economic crises - in particular driven by the coronavirus - represent a risk to overall economic development and thus also for Viscom that is difficult to assess. The proposal to pay a dividend of € 0.05 per no-par share entitled to the dividend for the 2019 financial year and to carry forward the remaining amount to new account should ensure that Viscom AG's financial position and liquidity remain solid moving forward. This does not affect the Group's fundamental dividend policy of distributing 50% of Group net profit. Viscom AG closed the 2019 financial year with EBIT of € 4,017 thousand (previous year: € 10,944 thousand). The EBIT margin was 4.5 % (previous year: 11.7 %), falling below the range of 5 % to 9 % forecast in July 2019. Contact: Viscom AG Investor Relations Anna Borkowski Carl-Buderus-Str. 9-15 30455 Hannover Tel.: +49-511-94996-861 Fax: +49-511-94996-555 investor.relations@viscom.de
30-March-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Viscom AG |
| Carl-Buderus-Strasse 9-15 | |
| 30455 Hannover | |
| Germany | |
| Phone: | +49 (0) 511 94 996 861 |
| Fax: | +49 (0) 511 94 996 555 |
| E-mail: | investor.relations@viscom.de |
| Internet: | www.viscom.de |
| ISIN: | DE0007846867 |
| WKN: | 784686 |
| Listed: | Regulated Market in Frankfurt (Prime Standard), Hanover; Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1010309 |
| End of Announcement | DGAP News Service |
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1010309 30-March-2020 CET/CEST