Dividend policy

Dividend policy 

 

The amount of dividend is tied to the results for the financial year. Profits not considered necessary to ensure the healthy development of the Company will be distributed to shareholders.

The Board of Directors proposes to the Annual General Meeting that the profit for 2011 be placed in retained earnings and that no dividend be paid.

The Board of Directors proposes to the Annual General Meeting that, based on the balance sheet to be adopted for 2011, a capital repayment of EUR 0.55 per share be made.

 

 

2011 2010

2009

2008

2007

Capital repayment / share
0.55*

Dividend/share, EUR

0.55

0.55

0.55

0.55

Dividend/earnings, %

81.4

64.4

53.4

66.7

 

* Proposal by the Board of Directors