Viscom AG - Executive Board and Supervisory Board propose dividend at minimum level
 

Hanover, 30 March 2020 - At today's meeting to adopt and approve the 2019 annual financial statements and consolidated financial statements, the Executive Board and the Supervisory Board of Viscom AG (ISIN DE0007846867) resolved to recommend to the Annual General Meeting a significant reduction in the dividend payment for the 2019 financial year in comparison to previous years.

It is currently very difficult to assess the impact the global COVID-19 pandemic will have on the Viscom Group. Although the Executive Board and the Supervisory Board expect sales markets to perform well in the long term, increased uncertainty caused by economic crises - in particular driven by the coronavirus - represent a risk to overall economic development and thus also for Viscom that is difficult to assess. The proposal to pay a dividend of € 0.05 per no-par share entitled to the dividend for the 2019 financial year and to carry forward the remaining amount to new account should ensure that Viscom AG's financial position and liquidity remain solid moving forward. This does not affect the Group's fundamental dividend policy of distributing 50% of Group net profit.

Viscom AG closed the 2019 financial year with EBIT of € 4,017 thousand (previous year: € 10,944 thousand). The EBIT margin was 4.5 % (previous year: 11.7 %), falling below the range of 5 % to 9 % forecast in July 2019.

The final key financial and earnings figures for the 2019 financial year will be published on 9 April 2020.
 

Contact:
Viscom AG
Investor Relations
Anna Borkowski
Carl-Buderus-Str. 9-15
30455 Hannover
Tel.: +49-511-94996-861
Fax: +49-511-94996-555
[email protected]