Proposed profit appropriation for 2022

The Management Board has decided, with the approval of the Supervisory Board, to add €116.6 million of the profit to the ‘Other reserves’. The remaining profit of €81.9 million is at the disposal of the General Meeting of Shareholders. This equates to 45% of the profit after tax, specifically excluding exceptional items and costs associated with projects for shareholders.

The dividend for 2022 is €19.2 million less than for 2021, owing to the lower net profit for 2022.