Dividend

The fundamental objective of the company's dividend policy is to offer shareholders an appropriate and sustainable return on their investment that reflects the company's success by distributing between 30 and 40% of Group net income after non-controlling interests.

The Annual General Meeting 2018 approved the proposal put forward by the Management Board and Supervisory Board for a dividend payment of EUR 0.50 (previous year: 0.50) per share for the 2017 financial year.

The total dividend payment amounts to EUR 31.7 (31.7) million. The dividend ratio for the 2017 financial year stands at 45.3%, compared to 40.3% in the previous year, which is above the range of the long-term dividend policy adopted by the company.