DGAP-News: Nemetschek SE / Key word(s): Dividend
Nemetschek Group increases dividend for the sixth time in a row and plans share split
- Dividend increases to EUR 0.81 per share (+8%)
- Total of dividends to be distributed grows to EUR 31.2 million
- Stock split ratio of 1:3 planned
Munich, March 21, 2019 - At its meeting today, the supervisory board of Nemetschek SE (ISIN 0006452907) approved the dividend proposed by the executive board. The company thus continues with its sustainable dividend policy and pays out a dividend for the tenth time in a row; this is the sixth consecutive increase. For the 2018 financial year, the supervisory board and the executive board therefore propose an increased dividend in the amount of EUR 0.81 per share (previous year: EUR 0.75 per share) to the annual general meeting on May 28, 2019. Subject to approval by the annual general meeting, this would correspond to a dividend increase of 8%. With 38.5 million shares, the total amount of dividends to be distributed should increase to EUR 31.19 million (previous year: EUR 28.88 million). The dividend payout ratio for the 2018 financial year would thus amount to approximately 31% - in relation to the operating cash flow. At the same time, the Nemetschek Group will continue to invest strategically in order to ensure its future organic and inorganic growth.
Furthermore, the executive and supervisory boards will propose a stock split at a ratio of 1:3 to the annual general meeting. Every shareholder is to receive two additional shares for every Nemetschek share held at no further charge. This is technically carried out by means of a capital increase from the company's own resources. The price of the Nemetschek share is currently quoted at about EUR 135. Given that the overall value remains the same, the estimated price level per share for the shareholders will be divided accordingly by three. The planned stock split is to promote trading in Nemetschek shares and make the share even more attractive to investors. As a result of the split, the share capital of Nemetschek SE would triple from the present 38,500,000 to 115,500,000 no-par value shares.
About the Nemetschek Group
The Nemetschek Group is a pioneer for digital transformation in the AEC industry. As the sole corporate group worldwide, Nemetschek covers the entire life cycle of building and infrastructure projects and guides its customers into the future of digitalization. With intelligent and innovative software solutions, the Nemetschek Group increases quality in the building process and improves the workflow and cooperation between all those involved in the building process. Entrepreneurially led and customer oriented, the 16 brands in the four strategic segments drive innovations for their more than 5 million customers worldwide. Founded by Prof. Georg Nemetschek in 1963, the company today employs more than 2,500 experts. Publicly listed since 1999 and quoted on the MDAX and TecDAX, the company achieved a preliminary revenue amounting to EUR 461 million and an EBITDA of EUR 121 million in 2018.
|Phone:||+49 (0)89 540459-0|
|Fax:||+49 (0)89 540459-444|
|Listed:||Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange|
|End of News||DGAP News Service|