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DGAP-News: Novem Group S.A.
/ Key word(s): AGM/EGM/Dividend
Novem Group S.A.: Annual General Meeting approves dividend of €0.40 per share Luxembourg, 25 August 2022 – The shareholders of Novem Group S.A. approved all agenda items at today’s Annual General Meeting (AGM) by a large majority. The Group will therefore pay a dividend of €0.40 per share for the financial year 2021/22. At around €17.2 million, this corresponds to a distribution of 39.1% of net profit. Novem thus already exceeds the target payout ratio of 35% in its first year as a listed company. In total, 92.3% of the voting share capital was represented at the AGM. The voting results are available on the Investor Relations website under . About Novem German-headquartered Novem is a globally leading supplier of decorative interior trim parts for the premium automotive industry. Across the range of key materials such as genuine wood, aluminium, carbon and premium synthetics, the Company offers unrivalled quality, technology and innovation to a growing customer base including all major premium carmakers worldwide. Founded in Vorbach, Germany, back in 1947, the Company has continuously expanded its global footprint in Germany, Italy, Czech Republic, Slovenia, China, USA, Honduras and Mexico. Novem employs about 5,500 people at 12 locations and achieved revenue of around €615 million in FY 2021/22. For more information, please visit .
25.08.2022 CET/CEST Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | Novem Group S.A. |
| 19, rue Edmond Reuter | |
| L-5326 Contern | |
| Luxemburg | |
| ISIN: | LU2356314745 |
| WKN: | A3CSWZ |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange |
| EQS News ID: | 1428459 |
| End of News | DGAP News Service |
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1428459 25.08.2022 CET/CEST
