PRESS RELEASE
from BayWa AG (isin : DE0005194062)
EQS-Adhoc: BayWa AG: Board of Management resolves proposal to suspend dividend
EQS-Ad-hoc: BayWa AG / Key word(s): Dividend/Annual Results
BayWa AG: Board of Management resolves proposal to suspend dividend
14-March-2024 / 19:12 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The Board of Management of BayWa AG today resolved to propose the suspension of the dividend payment for the financial year 2023 to the Annual General Meeting on 11 June 2024. The company paid out a regular dividend of € 1.10 as well as a special anniversary dividend of € 0.10 per share for the financial year 2022.
The proposal to suspend the dividend payment for the financial year 2023 and carry the net result for the year of BayWa AG under German commercial law to new account is due to the clear negative impact of the interest burden and tax rate on the consolidated net result and comes in spite of the satisfactory operating performance. The suspension of the dividend serves to strengthen the equity base.
Results for the financial year 2023 will be published as planned on 28 March 2024.
Contact:
Josko Radeljic, BayWa AG, Head of Investor Relations,
tel. +49 (0)89 / 9222-3887, Fax +49 (0)89/9212 - 3887,
e-mail: josko.radeljic@baywa.de
The proposal to suspend the dividend payment for the financial year 2023 and carry the net result for the year of BayWa AG under German commercial law to new account is due to the clear negative impact of the interest burden and tax rate on the consolidated net result and comes in spite of the satisfactory operating performance. The suspension of the dividend serves to strengthen the equity base.
Results for the financial year 2023 will be published as planned on 28 March 2024.
Contact:
Josko Radeljic, BayWa AG, Head of Investor Relations,
tel. +49 (0)89 / 9222-3887, Fax +49 (0)89/9212 - 3887,
e-mail: josko.radeljic@baywa.de
End of Inside Information
14-March-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
| Language: | English |
| Company: | BayWa AG |
| Arabellastraße 4 | |
| 81925 Munich | |
| Germany | |
| Phone: | +49 (0)89/ 9222-3691 |
| Fax: | +49 (0)89/ 9212-3680 |
| E-mail: | prcc@baywa.de |
| Internet: | www.baywa.com |
| ISIN: | DE0005194062, DE0005194005, |
| WKN: | 519406, 519400, |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1859331 |
| End of Announcement | EQS News Service |
1859331 14-March-2024 CET/CEST