Our dividend distribution policy is based on an earnings-oriented dividend. We do not want to drop below the dividend from the previous year. Ideally, we want to continuously increase the dividend. We avoid strictly defining a bandwidth measured on net profit. We have consciously opted for more flexibility for our segment strategy and want to give ourselves the opportunity to finance projects through profit retention.

The joint profit appropriation proposal of the management board and the supervisory board to the annual general meeting to be held on July 3, 2019 provides for an unchanged dividend of EUR 2.00 per share for the 2018 fiscal year. We intend to continue our permanent and earnings-oriented dividend policy.

Dividend total and dividend per no-par share

 Dividend total

Dividend per 
no-par share


€ 15,5 Mio. 

€ 2,00 


13,2 Mio. 

€ 2,00 


13,2 Mio. 

€ 2,00 


6,6 Mio. 

€ 1,00 


66,2 Mio. 

€ 10,00 


15,8 Mio. 

€ 2,40 

* Subject to the approval of the annual general meeting