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Fraport AG
Notice of Dividend Amount • Mar 25, 2020
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Notice of Dividend Amount
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Ad-hoc | 25 March 2020 17:09
Fraport AG Frankfurt Airport Services Worldwide: Fraport AG Executive Board proposes a modified resolution on the appropriation of net profits
Fraport AG Frankfurt Airport Services Worldwide / Key word(s): Dividend
Fraport AG Frankfurt Airport Services Worldwide: Fraport AG Executive Board proposes a modified resolution on the appropriation of net profits
25-March-2020 / 17:09 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Frankfurt, March 25, 2020, 4:37 PM CET
Release of an ad hoc announcement according to Section 17 MAR
The Executive Board of Fraport AG Frankfurt Airport Services Worldwide (Fraport AG) resolved today, on March 25, 2020, to change its resolution on the appropriation of net profits of the financial year 2019 to the Annual General Meeting. In the light of the recent developments of the coronavirus pandemic it is now proposed to the Annual General Meeting to carry forward the net profits of the financial year 2019 entirely onto revenue reserves.
Since the proposed appropriation of net profits of 2 Euros per Fraport share, the intensity of the spread of the coronavirus, as well as related travel restrictions and restrictions on public life, have significantly increased. The changed framework conditions have a clearly more negative impact on the business, revenue and earnings situation of Fraport AG and its Group companies than initially expected.
Also the outlook for the dividend proposal for the financial year 2020, according to which the dividend for the financial year 2020 was forecast to be kept stable compared to 2019, has also been revised due to the reasons stated above. Due to the unforeseeable market development, no statement regarding the dividend for the financial year 2020 can be made at the present time.
The revenue and earnings figures for the first quarter 2020 are due to be published by Fraport AG as scheduled on May 6, 2020.
Contact: Christoph Nanke, Head of Finance and Investor Relations, Phone +49 (0)69 690 74840, Fax: +49 (0)69 690 74843, E-Mail: [email protected]
25-March-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | Fraport AG Frankfurt Airport Services Worldwide |
| – | |
| 60547 Frankfurt am Main | |
| Germany | |
| Phone: | +49 (0)69 6 90-7 48 42 |
| Fax: | +49 (0)69 6 90-7 48 43 |
| E-mail: | [email protected] |
| Internet: | www.fraport.de |
| ISIN: | DE0005773303 |
| WKN: | 577330 |
| Indices: | MDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange |
| EQS News ID: | 1007171 |
| End of Announcement | DGAP News Service |