A.S. Création Tapeten AG
- WKN: A1TNNN
- ISIN: DE000A1TNNN5
- Land: Deutschland
Nachricht vom 19.03.2020 | 18:06
A.S. Création Tapeten AG: Managing Board and Supervisory Board propose dividend of € 0.90 per share for FY 2019. Annual General Meeting of Shareholders postponed.
A.S. Création Tapeten AG / Key word(s): Dividend/AGM/EGM
At today's meeting, the Supervisory Board of A.S. Création Tapeten AG approved the consolidated financial statements for the fiscal year ended December 31, 2019, which show sales revenues in the amount of € 141.1 million (previous year: € 134.5 million), earnings before interest and taxes of € 4.5 million (previous year: € -2.9 million) and earnings after taxes of € 14.1 million (previous year: € -6.0 million). Earnings per share amount to € 5.13 (previous year: € -2.17).
In the fiscal year 2019, A.S. Création Tapeten AG sold its 50% stake in the Russian joint venture, OOO A.S. & Palitra, as well as the claims from the shareholder loans. The earnings components attributable to these assets are therefore shown separately as net income from discontinued operations. Accordingly, earnings after taxes for the fiscal year 2019 in the amount of € 14.1 million comprise earnings after taxes from continuing operations in the amount of € 2.4 million and earnings after taxes from discontinued operations in the amount of € 11.7 million. Of the earnings per share of € 5.13, € 0.88 is attributable to continuing operations and € 4.25 to discontinued operations.
Since 2003, A.S. Création's dividend policy has been characterised by a payout ratio of approx. 45% of earnings per share. Unlike the fiscal year 2019, earnings per share in previous years were not affected by extraordinary income from the sale of operations. In this sense, the fiscal year 2019 is also a special year in terms of dividend policy. The Managing Board and the Supervisory Board are of the opinion that cash flows from the sale of operations should primarily be used for investments aimed at strengthening and expanding the remaining business segments or building up new ones. Based on the medium-term earnings, investment and financial planning of A.S. Création, the Managing Board and the Supervisory Board expect a higher investment volume in the coming fiscal years. In the opinion of the Managing Board and the Supervisory Board, it is not possible to reliably predict and quantify the effects of the current corona crisis on A.S. Création's financial and earnings position. The Managing Board and the Supervisory Board believe that, in a situation like this, it is advisable to leave a higher proportion of the profit in the company than in the past. Accordingly, the Managing Board and Supervisory Board propose to pay a dividend of € 0.90 per share, which corresponds to a payout ratio of 17.5% of earnings per share of € 5.13. The total distribution would thus amount to € 2.5 million. This profit appropriation proposal for the fiscal year 2019 was approved by the Managing Board and the Supervisory Board today.
The consolidated financial statements for the period ended December 31, 2019 and further details are scheduled for publication on April 2, 2020.
The Managing Board and Supervisory Board also decided to postpone the Annual General Meeting of Shareholders originally convened for May 14, 2020. At the present time, it is impossible to predict whether official permission will be given for holding the Annual General Meeting of Shareholders on that date. The Managing Board will convene the Annual General Meeting of Shareholders as soon as there is planning certainty in this regard.
Gummersbach, March 19, 2020
A.S. Création Tapeten AG
The Managing Board
Director of Finance and Controlling
Phone +49-2261-542 387
Fax +49-2261-542 304
|Company:||A.S. Création Tapeten AG|
|Phone:||+49 22 61 54 2-0|
|Fax:||+49 22 61 54 2-3 04|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1002135|
|End of Announcement||DGAP News Service|
A.S. Création Tapeten AG: Erfreuliche Umsatz- ...
A.S. Création Tapeten AG
A.S. Création Tapeten AG: Preliminary announce ...
A.S. Création Tapeten AG: Annual General Meeti ...
A.S. Création Tapeten AG: Successful fiscal ye ...
Event im Fokus
10. Juni 2021:Fachkonferenz Immobilien
14./15. Juli 2021: Fachkonferenzen Beteiligungsgesellschaften & Consumer/Leisure
13./14. Oktober 2021: Fachkonferenzen Finanzdienstleistungen/Technologie
10./11. November 2021: Fachkonferenzen Software/IT & Branchenmix
„Je nach aktueller Covid-19 Situation und den bestehenden Vorschriften für Versammlungen entscheidet sich ca. 5 Wochen vor dem Termin, in welcher Form die Konferenzen stattfinden.“
Kaufen: Aspermont Limited hat Turnaround abgeschlossen
Der AKTIONÄR News
19. September 15:18 Facebook: Darum fällt die Aktie
19. September 12:35 Thoughtworks-IPO: Anleger reißen sich um Siemens-Beteiligung
19. September 11:17 Amazon mit E-Commerce-Offensive – bereit für Top-Q4
19. September 09:45 Infineon: "Ready for Mission Future" – das dürfte nicht nur Aktionäre ...
19. September 07:23 DAX-Ausblick: Die neue Woche bietet allerlei Brisantes
News im Fokus
Vonovia SE: Vonovia verkauft Berliner Wohnungsbestände aus dem Zukunfts- und Sozialpakt Wohnen
17. September 2021, 12:40
Cantor Global Healthcare Conference Fireside Chat
30. September 2021
Original-Research: CR Capital AG (von First Berlin Equity Research GmbH): Buy
17. September 2021