Our shareholders shall participate in the company's success through regular/annual dividends and a positive value development. technotrans enables its shareholders to participate in the success of the business through a sustainable dividend payout. The distribution policy envisages paying out up to 50% of the consolidated net profit for the year and allocating the remainder to the company's reserves.
The original dividend proposal of €0.44 for the 2019 financial year was subsequently adjusted to €0.00 and approved by the Annual General Meeting. This was done due to the COVID-19 pandemic spreading in 2020 and potential disadvantages for the company in accessing short-time working benefits feared at the time.
The relevant ad hoc was published on April 30, 2020.