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EQS-Adhoc: Viscom AG: Board of Directors decides on one-off cut in dividend to protect liquidity

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EQS-Adhoc: Viscom AG: Board of Directors decides on one-off cut in dividend to protect liquidity

EQS-Ad-hoc: Viscom AG / Key word(s): Dividend
Viscom AG: Board of Directors decides on a one-time cut in the dividend to protect liquidity

02/27/2024 / 2:27 p.m. CET/CEST
Publication of inside information in accordance with Article 17 of Regulation (EU) No. 596/2014, transmitted by EQS News – a service of EQS Group AG.
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Viscom AG: Board of Directors decides on a one-time cut in the dividend to protect liquidity

Hanover, February 27, 2024 – At its extraordinary meeting today, following the conclusion of a company agreement on short-time work, the Management Board of Viscom AG (ISIN DE0007846867) decided to propose to the Annual General Meeting a significantly reduced dividend payment for the 2023 financial year compared to previous years.

The current difficult market outlook and geopolitical uncertainties are causing Viscom AG to exercise caution in its liquidity management. Last year, the cash balance was already heavily burdened by the high cost of capital. Viscom AG also expects its customers to be reluctant to invest in the first half of 2024, primarily among electronics suppliers from the automotive sector. Viscom AG does not expect demand to pick up until the second half of the year.

Due to this situation, the board of Viscom AG concluded a works agreement with the works council today, which provides for the introduction of short-time work from March 1, 2024. In addition, material and investment costs should be reviewed and savings realized. As part of this package of measures, the dividend is also to be reduced. The Board of Directors decided today to propose the payment of a dividend of EUR 0.05 per eligible share for the 2023 financial year to the Annual General Meeting on May 29, 2024. The proposal to pay a reduced dividend for the 2023 financial year and to carry the remaining amount forward in full is intended to ensure that Viscom AG continues to have a stable financial and liquidity situation. The Group’s basic dividend policy of paying out 50% of the Group’s net profit for the period remains unaffected.

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The annual forecast for the 2023 financial year will be achieved. The final financial and earnings figures for the 2023 financial year as well as the forecast outlook for 2024 will be published on March 26, 2024.

Contact:

Viscom AG
Investor Relations
Sandra M. Liedtke
Carl-Buderus-Str. 9-15
30455 Hannover
Tel.: +49-511-94996-791
Fax: +49-511-94996-555
[email protected]

Ende der Insider information

02/27/2024 CET/CEST The EQS distribution services include legal reporting requirements, corporate news/financial news and press releases.
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Language: German Company: Viscom AG Carl-Buderus-Str. 9-15 30455 Hannover Germany Telephone: +49 (0) 511 94 996 791 Fax: +49 (0) 511 94 996 555 Email: [email protected] Internet: www.viscom.com ISIN: DE0007846867 WKN : 784686 Stock exchanges: Regulated market in Frankfurt (Prime Standard), Hanover; Open market in Berlin, Düsseldorf, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1846371

End of message EQS News Service

1846371 02/27/2024 CET/CEST

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