EQS-Adhoc

Deutsche Rohstoff AG: Dividend proposal of EUR 1.75 per share for 2023 and share buyback with a volume of up to EUR 4 million

EQS-Ad-hoc: Deutsche Rohstoff AG / Key word(s): Annual Report/Dividend Deutsche Rohstoff AG: Dividend proposal of EUR 1.75 per share for 2023 and share buyback with a volume of up to EUR 4 million 23-Apr-2024 / 15:16 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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Dividend proposal of EUR 1.75 per share for 2023 and share buyback with a volume of up to EUR 4 million
 

• The Executive Board and Supervisory Board of Deutsche Rohstoff AG will propose a dividend of EUR 1.75 per share for the 2023 fiscal year at the Annual General Meeting.
• The Executive Board has decided to acquire treasury shares with a maximum value of EUR 4 million in the period from 2 May 2024 to 2 May 2025 at the latest. The repurchased shares are to be redeemed.
• 190,000 share options from the 2018 share option program will be settled in cash, thus avoiding a dilution of just under 4%. The expense will amount to around EUR 3 million. The first 42,500 share options have already been settled in cash in recent months.

 

End of Inside Information

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Information and Explanation of the Issuer to this announcement:

Explanatory part

• Group figures for 2023 show high profitability
• 2023: Revenue EUR 196.7 million, EBITDA EUR 158.3 million
• Consolidated net profit after minority interests EUR 65.2 million
• Guidance 2024: revenue EUR 210 to 230 million, EBITDA EUR 160 to 180 million
• Guidance 2025: revenue EUR 180 to 200 million, EBITDA EUR 125 to 145 million

Deutsche Rohstoff AG today published its final consolidated figures for 2023. The preliminary figures (see press release dated 12 March 2024) were confirmed in full. The annual report for the 2023 fiscal year of Deutsche Rohstoff Group is available on the company's website at www.rohstoff.de.

Jan-Philipp Weitz, CEO, said: "We are pleased to present the annual report today and look back on a very successful 2023. We have successfully shifted our operational focus to Wyoming and have continued to grow strongly. Today, the Executive Board and Supervisory Board have approved by far the most comprehensive package of shareholder return measures in the company's history. A total of around EUR 15.6 million is therefore expected to be spent on dividends, share buybacks and the cash settlement of share options. This corresponds to around EUR 3.15 per share."