Dividend proposal 2016
The Management Board has determined, with the approval of the Supervisory Board, to add €178.1 million of the profit to other reserves. The remaining profit of €103.8 million is at the disposal of the General Meeting of Shareholders. This equates to 45% of profit after taxation, excluding incidental items after tax that did not generate cash flows in the 2016 financial year.
The dividend for 2016 was up by €18.8 million compared with 2015 mainly as a result of the disposal of Endinet with effect from 1 January 2016.