Proposal by the Board of Directors concerning dividend in Ratos and publication of report for the fourth quarter and full-year 2018
Regulatory Information 2019-02-07
This information is information that Ratos AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 23:00 CET on 7 February 2019.
At a Board meeting today, the Board of Directors of Ratos AB decided to propose that a dividend of SEK 0.50 (2.00) per share is paid for the 2018 financial year. Given that the Board’s proposal entails a lower dividend, Ratos has also decided to publish its report for the fourth quarter and full-year 2018 earlier than planned. The report will be published today.
The Board has decided to propose a dividend of SEK 0.50 (2.00) per share. The aim of this proposed dividend is to maintain Ratos’s favourable financial position in light of the Group’s results for 2018.
“The proposed dividend should be seen in the light of Ratos being able to stand strong for the future and Ratos’s financial performance in 2018. This will provide us with greater scope to take advantage of any opportunities that may arise” says Ratos’s Chairman of the Board Per-Olof Söderberg.
Since the Board’s proposal concerning dividend is based on Ratos’s financial development during 2018, the company therefore needs to publish this. Ratos therefore brings forward the publication of the report for the fourth quarter and full-year 2018 to date. The preannounced reporting date was February 15, 2019.
A teleconference will be held at 10:00 a.m. tomorrow, 8 February. To participate in the teleconference, call +46 8 505 583 59 (SE), +44 33 3300 9269 (UK) or +1 833 526 8380 (US) five minutes before the conference starts. This teleconference will be held instead of the teleconference on 15 February.
The full dividend proposal will be presented in the notice of the Annual General Meeting.
For further information, please contact:
Jonas Wiström, CEO Ratos, +46 8 700 17 00
Helene Gustafsson, Head of IR and Press Ratos, +46 8 700 17 98
Ratos owns and develops unlisted medium-sized companies in the Nordic countries. Our goal as an active owner is to contribute to long-term and sustainable operational development in the companies we invest in and to make value-generating transactions. Ratos’s portfolio consists of 12 medium-sized Nordic companies and the largest segments in terms of sales are Construction, Industrials and Consumer goods/Commerce. Ratos is listed on Nasdaq Stockholm and has approximately 12,300 employees.