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Coloplast A/S Amends Dividend Policy and Proposes FY 2012/2013 Dividend; Issues FY 2013/2014 Financial Guidance


Thursday, 31 Oct 2013 07:23am EDT 

Coloplast A/S announced that the Company's dividend policy will be amended effective from 2013/2014 to the effect that excess liquidity will be returned to the shareholders. Coloplast will pay dividend twice a year going forward. The Company also stated that the Board of Directors recommends the Annual General Meeting to be held on December 5, 2013 to approve a year-end dividend of DKK 7 per share. This brings the dividend paid for the fiscal year 2012/2013 to DKK 10 per share, as compared to DKK 4 last year. Coloplast also communicated that for the fiscal year 2013/2014 the Company expects organic revenue growth of approximately 7% and of approximately 5% in DKK. EBIT margin is expected to be approximately 33%, both at constant exchange rates and in DKK. 

Company Quote

474.3
-3.2 -0.67%
4:45am EDT