March 30, 2020
- Ad hoc announcement
Board of directors maintains dividend – but at a reduced level
The board of directors of the Bossard Group has been thoroughly assessing the impact of the coronavirus crisis. After an in-depth analysis of the challenges that have arisen, the board is convinced that all necessary measures have been taken to protect employees while ensuring business continuity. As a result, Bossard continues to be a reliable supply partner in all its sales markets. At the moment, it is impossible to estimate the long-term impact of the coronavirus crisis. In this volatile market environment, the board of directors is determined to safeguard the Group’s liquidity in case of a longer-lasting market slump. At the same time, the board wants shareholders to participate in the solid 2019 results, taking into account the current challenges. At the annual general meeting of shareholders, the board will therefore propose reducing its original dividend request by half, to CHF 2.00 per registered A share and CHF 0.40 per registered B share.