DGAP-Adhoc: Fielmann AG: Executive Board and Supervisory Board decide on recommendation to suspend dividend payment
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DGAP-Ad-hoc: Fielmann AG / Key word(s): Dividend
On 20 February 2020, the Executive Board and the Supervisory Board of Fielmann Aktiengesellschaft had announced their recommendation for a dividend payout for the 2019 financial year of €1.95 per share to the Annual General Meeting. This recommendation, in line with Fielmann's long-standing shareholder-friendly dividend policy, was based on the positive development of 2019, but it took place before the spread of the Covid-19 pandemic in Germany.
As the Covid-19 pandemic will probably continue to have a significantly negative impact on unit sales, sales and profits of the company, the Executive Board and the Supervisory Board have revised their aforementioned recommendation due to the unique circumstances and are now recommending a suspension of the dividend for the financial year 2019 to the Annual General Meeting in order to secure the available liquidity instead. After the situation normalises, Fielmann AG intends to return to its shareholder-friendly dividend policy.
31-March-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Fielmann AG |
| Weidetrasse 118a | |
| 22083 Hamburg | |
| Germany | |
| Phone: | +49 (0)40 270 76-0 |
| Fax: | +49 (0)40 270 76-390 |
| Internet: | www.fielmann.de |
| ISIN: | DE0005772206 |
| WKN: | 577220 |
| Indices: | MDAX |
| Listed: | Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated Unofficial Market in Tradegate Exchange |
| EQS News ID: | 1011441 |
| End of Announcement | DGAP News Service |
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1011441 31-March-2020 CET/CEST
