NEWS IN ENGLISH | Annual General Meeting of Axel Springer SE decides record dividend
Annual General Meeting of Axel Springer SE decides record dividend
2017-04-26 09:51:00



AS
The Annual General Meeting of Axel Springer SE decided on 26 April 2017 to pay an increased dividend of EUR 1.90 (+ EUR 0.10 compared to PY: EUR 1.80) per qualifying share for the financial year 2016. The dividends payout thus rose from EUR 194.2 million to EUR 205.0 million.

During the 2016 financial year, Axel Springer achieved total revenues of EUR 3,290.2 million, and thus remained at previous-year level (EUR 3,294.9 million). Organically, total revenues increased by 4.1 percent. The EBITDA increased by 6.5 percent to EUR 595.5 million (PY: EUR 559.0 million). The EBITDA margin improved to 18.1 percent (PY: 17.0 percent). The adjusted earnings per share increased by 8.5 percent to EUR 2.41.

Mathias Döpfner, CEO of Axel Springer SE: "With a record dividend, our investors shall also benefit again from the success of the past financial year. In 2017, we are focusing on profitable growth and the further expansion of our position as Europe's leading digital publisher."

The Annual General Meeting elected Bill Ford as a member of the Axel Springer Supervisory Board. The CEO of General Atlantic had been appointed by court order with effect from 29 August 2016 and succeeded Professor Dr Wolf Lepenies.

Another item on the Annual General Meeting's agenda was the passing of an updated version of the Axel Springer Essentials. The corporate values of freedom incorporated by company founder Axel Springer 50 years ago are an integral part of the corporate articles of association. On the occasion of the anniversary and particularly in view of the increasing internationalization of the company, they were further developed and now apply internationally.

Regarding the adoption of a revised version of the Axel Springer Essentials Döpfner said: "We are grateful to our founder Axel Springer for his clear compass of values of freedom, which now, after 50 years, is more relevant than ever. Then as now, the Essentials do not define an opinion but express an attitude to encourage all employees at Axel Springer to stand up for freedom and democracy."

Source: AS