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Annual General Meeting of Axel Springer SE approves record dividend and elects new Supervisory Board members

By   /   April 18, 2018  /   Comments Off on Annual General Meeting of Axel Springer SE approves record dividend and elects new Supervisory Board members

MIL OSI – Source: Axel Springer in English – Press Release/Statement

Headline: Annual General Meeting of Axel Springer SE approves record dividend and elects new Supervisory Board members

Dividend increases to the highest value so far at EUR 2.00 per share / Iris Knobloch and Dr Alexander Karp become new members of the Supervisory Board

 

CEO Mathias Döpfner during the AGM 2018

© Axel Springer SE

On April 18, 2018 the Annual General Meeting of Axel Springer SE approved an increased dividend of EUR 2.00 per qualifying share (PY: EUR 1.90) for the financial year 2017, a rise of EUR 0.10 compared to the previous year. This increased the total dividend distribution from EUR 205.0 million to EUR 215.8 million.
During the 2017 financial year, Axel Springer significantly increased total revenues by 8.3 percent to EUR 3,562.7 million (PY: EUR 3,290.2 million). Revenues increased organically by 6.3 percent. The adjusted EBITDA recorded an increase of 8.5 percent to EUR 645.8 million (PY: EUR 595.5 million). The adjusted EBITDA margin at 18.1 percent was at the same high level as in the previous year. The adjusted earnings per share increased by 8.1 percent to EUR 2.60 (PY: EUR 2.41).
Mathias Döpfner, CEO of Axel Springer SE: “2017 was the most financially successful year in our corporate history. We would like our shareholders to benefit from this with our highest dividend yet. Our focus on digital growth, on journalism, and on our classifieds media is paying off. This year, we will continue to further extend our position as Europe’s leading digital publisher.”

 

Iris Knobloch

© Axel Springer SE

 

Dr Alexander Karp

© Axel Springer SE

In addition, the Annual General Meeting elected Iris Knobloch, Président-Directeur Géneral of Warner Bros. France S.A., and Dr Alexander Karp, co-founder and CEO of the US software company Palantir Technologies, as new members of the Supervisory Board of Axel Springer SE. They succeed Bill Ford and Rudolf Knepper who retire from the nine-person committee at the end of the Annual General Meeting.
Dr Giuseppe Vita, Chairman of the Supervisory Board of Axel Springer SE: “We look forward to working with Iris Knobloch and Alexander Karp. As experienced experts in the media industry and the digital economy, they will contribute to making Axel Springer even more digital and international. We thank the two leaving Supervisory Board members Bill Ford and Rudolf Knepper for their excellent work and their wise advice for the successful transformation of Axel Springer SE.“

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