Stock Exchange Release
Relais' dividend policy is to target annual dividends that exceed 30 percent of the average comparable earnings per share of the group, over a business cycle. In proposing the dividend, the group's equity, acquisition opportunities and financing needs related to them, liquidity position, long-term financing and investment needs, growth plans, the requirements of the Limited Liability Companies Act for distribution of dividends and other factors that the company's Board of Directors consider important are taken into account.
For each year, the future amount of dividends, if any, and their timing will depend on the future results of the group companies, financial position, cash flows, investment needs, solvency, the ability of the company's subsidiaries to distribute dividends or otherwise transfer assets to the company, and other factors.
The previous dividend policy from 2019 was as follows:
Relais' dividend policy is to target annual dividends that exceed 30 percent of the average comparable profit of the group, excluding amortisation of goodwill, over a business cycle. In proposing the dividend, the group's equity, long-term financing and investment needs, growth plans, liquidity position, acquisition opportunities, the requirements of the Limited Liability Companies Act for distribution of dividends and other factors that the company's Board of Directors consider important are taken into account.
For each year, the future amount of dividends, if any, and their timing will depend on the company's future results, financial position, cash flows, investment needs, solvency, the ability of the company's subsidiaries to distribute dividends or otherwise transfer assets to the company, and other factors.
Board of Directors
Further information:
Phone: +358 40 760 3323
E-mail: arni.ekholm@relais.fi
Phone: +358 40 579 6210
We are a profitable company seeking strong growth. We carry out targeted acquisitions in line with our growth strategy and want to be an active player in the consolidation of the aftermarket in our area of operation. Our acquisitions are targeted at companies having a good strategic fit with our group companies.
Our net sales in 2021 was
www.relais.fi
https://news.cision.com/relais-group-oyj/r/change-in-relais-group-plc-s-dividend-policy,c3674289
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