Eindhoven (pta/24.07.2023/20:00 UTC+2)
The Executive Board and Supervisory Board of NAVSTONE SE plan to propose a total dividend of EUR 0.05 per share for fiscal year 2022 at the Annual General Meeting. The Company has already paid an interim dividend of EUR 0.05 in November 2022, so that no final dividend will be paid.
The Executive Board and Supervisory Board have further resolved that no interim dividend will be paid in November 2023. The resolution on a possible dividend for fiscal year 2023 will be taken at the Annual General Meeting in 2024.
In the current market environment, the Executive Board and Supervisory Board believe that consistent measures are needed to strengthen the capital and financing base. Inflationary trends and sharply rising interest rates are having an impact in the form of volatile capital markets and investment markets that are difficult to assess. In addition, the repayment of a project financing has been delayed and the management would like the company to be able to benefit from potentially arising investment opportunities. Against this background, the Executive Board and the Supervisory Board strive to take all measures that are possible and appropriate on their own and independent of unforeseeable market developments. After careful consideration of the advantages and disadvantages from the perspective of the shareholders of NAVSTONE SE, the suspension of the final dividend for the current fiscal year is therefore a logical measure.
For further questions please contact our Investor Relations Team directly:
t.: +49 89-30659216