Due to the earnings development in the 2018/19 financial year, no dividend will be paid. The net profit of Zumtobel Group AG for the 2018/19 financial year in the amount of EUR 2,532,063.41 will be carried forward in its entirety.
Holders of Shares are entitled to any annual dividend declared in respect of the Company’s fiscal year. The payment and amount of dividends on the Shares are subject to the approval of the shareholders at the annual shareholders’ meeting. The entire share capital - including the shares from the capital increase - carries full dividend rights for the financial year that commenced on May 1, 2006.
The Company’s policy is to recommend a steady distribution of dividends in line with that of other companies that the Managing Board considers to be the Group’s industry benchmark, which would currently be a payout ratio of approximately 30% to 50% of consolidated net income taking into account any one-off effects. The timing and amount of such dividends, if any, will depend upon the Company’s current profitability, earnings forecasts, the economic outlook, capital requirements and financial condition and such other factors as the Managing and Supervisory Boards of the Company consider relevant, as well as the approval of shareholders. The Company’s ability to pay dividends is determined based on its unconsolidated financial statements prepared in accordance with Austrian GAAP. There can be no assurance that any dividends will be paid or that, if paid, they will correspond to the policy described above.