Novem Group S.A.: Dividend proposal of €1.15 per share
June 22, 2023 at 12:41 pm EDT
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EQS-Ad-hoc: Novem Group S.A. / Key word(s): Dividend
Novem Group S.A.: Dividend proposal of €1.15 per share
22-Jun-2023 / 18:40 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Novem Group S.A.: Dividend proposal of €1.15 per share
Luxembourg, 22 June 2023 – The Management Board of Novem Group S.A., in agreement with the Supervisory Board of the Company, will propose the distribution of an ordinary dividend of €0.40 per share (PY: €0.40) for the financial year 2022/23 to the Annual General Meeting on 24 August 2023.
Furthermore, the Management Board decided to propose an additional special dividend in the amount of €0.75 per share for the financial year 2022/23. Free cash flow1 of €84.5 million and the low net leverage ratio1 of 1.1x Adj. EBITDA1 for the financial year 2022/23 pave the way for the distribution of a special dividend without affecting the business strategy.
Subject to the approval of the Annual General Meeting, shareholders of Novem Group S.A. would benefit from a total dividend of €1.15 per share (ordinary plus special) for the financial year 2022/23. This corresponds to a payout ratio of 99.0% (PY: 39.1%) of the consolidated net profit.
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1 For the definition/calculation of the used Alternative Performance Measures (APMs), please refer to the glossary provided in the latest results presentation, which can be found on the Investor Relations website under Reports & Presentation.
Contact Investor Relations
Press Contact
Mareike Völker
Isabel Henninger
Head of Investor Relations
Phone: +49 69 506 037 583
Phone: +49 9205 18 1399
E-Mail: isabel.henninger@kekstcnc.com
E-Mail: investor.relations@novem.com
End of Inside Information
22-Jun-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com
Language:
English
Company:
Novem Group S.A.
19, rue Edmond Reuter
L-5326 Contern
Luxemburg
ISIN:
LU2356314745
WKN:
A3CSWZ
Listed:
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange
Novem Group SA is a Luxembourg-based company, which specializes in the interiors, car interior design sector. The Company operate as developer, supplier and system supplier for trim parts and decorative functional elements in vehicle interiors. Its portfolio of products includes door trims, light and impact-resistant trims in the center console, capacitive function trims as well as instrument panels and belt lines. It also offers fine woods, aluminum, carbon, premium synthetics and leather for interiors.
NOVEM GROUP S.A. 
