Management is proposing an unexpected dividend cut from €0.55 to €0.50 as net earnings have fallen by 14% to €78.6m in 2016. A glance suggests that last year’s revenue number of €1.56bn (+3.3%) and EBIT of €136m (unchanged) were no disappointment and we had also expected net earnings to fall. However, the dividend cut is possibly an indication that the 2017 outlook is less bright.
30 Mar 2017
Dividend is cut, although 2016 earnings did not disappoint
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Dividend is cut, although 2016 earnings did not disappoint
ElringKlinger AG (ZIL2:WBO) | 0 0 (-0.7%) | Mkt Cap: 1,074m
- Published:
30 Mar 2017 -
Author:
Hans-Peter Wodniok -
Pages:
2
Management is proposing an unexpected dividend cut from €0.55 to €0.50 as net earnings have fallen by 14% to €78.6m in 2016. A glance suggests that last year’s revenue number of €1.56bn (+3.3%) and EBIT of €136m (unchanged) were no disappointment and we had also expected net earnings to fall. However, the dividend cut is possibly an indication that the 2017 outlook is less bright.