EQS-News: Leifheit Aktiengesellschaft
/ Key word(s): Dividend
Leifheit AG proposes dividend increase and special dividend – focus on shareholder value
Nassau/Germany, 25 March 2025 – Leifheit AG (ISIN DE0006464506), one of the leading brand suppliers of household products in Europe, is consistently continuing its shareholder-oriented dividend policy. The Board of Management and the Supervisory Board decided today to propose an increased ordinary dividend of EUR 1.15 per eligible no-par-value bearer share (previous year: EUR 0.95 per eligible no-par-value bearer share) for the financial year 2024 to the Annual General Meeting. This proposal is in line with Leifheit AG’s dividend policy, which generally provides for distributing around 75% of the net result for the period or the free cash flow of a financial year as dividends. In addition, the Board of Management and the Supervisory Board will also propose paying a special dividend amounting to EUR 0.05 per eligible no-par-value bearer share (previous year: EUR 0.10 per eligible no-par-value bearer share). The goal of the special dividend is to allow shareholders to participate in the Leifheit Group’s good liquidity position. The shareholder-oriented dividend policy is supported by the share buyback program initiated last year, which contributes to the long-term increase in shareholder value. Alexander Reindler, Chairman of the Board of Management of Leifheit AG, explains: „In the financial year 2024, we have succeeded in maintaining our solid financial situation and improving our free cash flow. We will use our good liquidity position as part of our strategic capital allocation. These considerations include the distribution of attractive dividends, share buybacks, the promotion of innovation and the preservation of our investment capability. With the proposed significantly increased total dividend of EUR 1.20, we want to continue the shareholder-oriented dividend policy of recent years. Nevertheless, we will push ahead with the growth and efficiency measures introduced as part of the corporate strategy. To this end, we will use our existing financial strength and flexibility and continue to invest heavily in the efficiency of our production and logistics in the current year.” The proposed total dividend of EUR 1.20 would currently result in a total dividend payout of EUR 11,070,396.00. This total dividend payout takes into account the 774,670 treasury shares of Leifheit Aktiengesellschaft held directly or indirectly by the company on March 24, 2025, which are not entitled to dividends. Should the number of no-par-value shares entitled to a dividend for financial year 2024 change by the Annual General Meeting on 28 May 2025, the total dividend payout will change accordingly, while the dividend (and special dividend) per no-par-value share entitled to a dividend will remain unchanged. Leifheit will publish more detailed information on the Group strategy and the final figures for the 2024 financial year in the annual report on 9 April 2025 online at https://www.leifheit-group.com/investor-relations/berichte-und-praesentationen/.
About Leifheit Leifheit AG, founded in 1959, is one of the leading European brand suppliers of household items. The Leifheit Group divides its operating business into the Household, Wellbeing and Private Label segments. Leifheit and Soehnle products – two of Germany’s best-known household brands – are known for high quality and great utility for consumers. Its French subsidiaries Birambeau and Herby are active in the service-oriented Private Label segment with a selected product range. In each segment, the company focuses on its core product categories of cleaning, laundry care, kitchen goods and wellbeing. The Leifheit Group employs some 1,100 people. More information on Leifheit is available online at www.leifheit-group.com, www.leifheit.de and www.soehnle.de. Contact: Leifheit AG D-56377 Nassau ir@leifheit.com +49 2604 977218
25.03.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group. |
Language: | English |
Company: | Leifheit Aktiengesellschaft |
Leifheitstraße 1 | |
56377 Nassau | |
Germany | |
Phone: | 02604 977-0 |
Fax: | 02604 977-340 |
E-mail: | ir@leifheit.com |
Internet: | www.leifheit-group.com |
ISIN: | DE0006464506 |
WKN: | 646450 |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 2106182 |
End of News | EQS News Service |
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2106182 25.03.2025 CET/CEST
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