Hochdorf Holding AG Announces Board Changes; Approves Dividend Payable on May 11, 2017; Reaffirms Earnings Guidance for the Year 2017
The shareholders approved the request for a slight increase in the dividend to CHF 3.80 per share in view of the company's substantial investments. As in the previous year, the dividend is paid from capital reserves and is tax free for natural persons resident in Switzerland. The dividend is to be paid out on 11 May 2017.
Company confirmed the forecasts for the 2017 fiscal year. Group forecast gross sales revenue for the 2017 fiscal year in the region of CHF 635 to CHF 670 million and a percentage EBIT compared to the production revenue of between 6.1 and 6.6%.