Proposed profit appropriation for 2019
The Management Board has decided, with the approval of the Supervisory Board, to add €138.8 million of the profit to the Other reserves. The remaining profit of €113.6 million is at the disposal of the General Meeting of Shareholders. This equates to 45 percent of profit after tax, excluding incidental items after tax that did not generate cash flows in the 2019 financial year.
The dividend for 2019 was down by €36.4 million on 2018 owing to the lower net profit for 2019, which is mainly explained by the incidental book profit on the sale of Allego in 2018.