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init innovation in traffic systems SE
Earnings Release • Mar 10, 2021
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Earnings Release
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News Details
Ad-hoc | 10 March 2021 12:07
init innovation in traffic systems SE: Managing Board proposes to the Supervisory Board a dividend increase to EUR 0.55 per share (previous year: EUR 0.40)
init innovation in traffic systems SE / Key word(s): Dividend
init innovation in traffic systems SE: Managing Board proposes to the Supervisory Board a dividend increase to EUR 0.55 per share (previous year: EUR 0.40)
10-March-2021 / 12:07 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.
The Managing Board of init innovation in traffic systems SE (ISIN DE 0005759807) today decided – based on preliminary, unaudited results – to propose to the Supervisory Board an increase of the dividend for the financial year 2020 to EUR 0.55 per share. In the past financial year, init recorded an increase in operating earnings before interest and taxes (EBIT) of around 20 per cent to well over EUR 19m (previous year: EUR 16.2m).
By increasing the dividend, the Managing Board would like to send a signal of the company’s growing earning power and allow shareholders to participate accordingly in the company’s success. While at the same time, the balance sheet profit is also to be used to strengthen the company’s substance for necessary future investments and further growth.
After adoption of the audited annual financial statements and subject to approval by the Supervisory Board, the corresponding appropriation of the balance sheet profit will be submitted to the Annual General Meeting to be held on 19 May 2021 for resolution.
Contact:
Person making the notification:
Simone Fritz
Investor Relations
10-March-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | init innovation in traffic systems SE |
| Käppelestraße 4-10 | |
| 76131 Karlsruhe | |
| Germany | |
| Phone: | +49 (0)721 6100 0 |
| Fax: | +49 (0)721 6100 399 |
| E-mail: | [email protected] |
| Internet: | www.initse.com |
| ISIN: | DE0005759807 |
| WKN: | 575980 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1174528 |
| End of Announcement | DGAP News Service |