Following the Group’s significant financial performance, the company’s Board of Directors proposes a 34% increase of dividend payment to its shareholders.
The performance of the Group’s consolidated FY 2020 financial results highlighted the agility and the resilience of its business model, as well as its ability to respond quickly to the unprecedented challenges posed by the COVID-19 pandemic.
Amidst this extraordinary environment and always having as its main priorities the health & safety, its societal contribution and its uninterrupted business continuity, the Group remained focused behind maintaining a solid financial position and strong cashflow generation, while executing its investment plan.
As a result, and true to its commitment to return value to its shareholders the Company’s Board of Directors will propose to this year’s Annual General Shareholders Meeting a 34% increase in the dividend payment, that is 15 million euros from 11.2 milion euros last year, corresponding to 0.2146614 euro per share from 0.1604814 euro per share last year.
It is noted that the dividend payment is scheduled for May 21st 2021.
Despite the circumstances and the uncertain outlook of the economy, the management is encouraged by the Group’s resilient performance and continues to pursue its long-term goals, in order to bring further top line growth, further improvement on profit margins and cashflow generation, supporting this way the business and returning further value to its shareholders.Sarantis Group BoD proposes an increase of 34% in the dividend towards its shareholders reaching €15mil., corresponding to 0.2146614 euro per share (128.1KB)