Dividend proposal for 2018
The Management Board has determined, with the approval of the Supervisory Board, to add €184.1 million of the profit to the Other reserves. The remaining profit of €150.0 million is at the disposal of the General Meeting of Shareholders. This equates to 45 per cent of profit after tax, excluding incidental items after tax that did not generate cash flows in the 2018 financial year.
The dividend for 2018 is up by €58 million compared with 2017 owing to the higher net profit for 2018, which is mainly explained by the fact that there was an incidental book profit on the sale of Allego in 2018.