Proposed profit appropriation for 2023

The Management Board has decided, with the approval of the Supervisory Board, to add €147.0 million of the profit to the ‘Other reserves’. The remaining profit of €120.3 million is at the disposal of the General Meeting of Shareholders. This equates to a maximum of 45% of the profit after tax, specifically excluding exceptional items and costs associated with projects for shareholders.

The dividend for 2023 is up by €38.4 million compared to 2022, due to the higher net profit for 2023.