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Ratos AB Proposes FY 2012 Dividend of SEK 3 per Share


Tuesday, 18 Dec 2012 02:01am EST 

Ratos AB announced that as a consequence of the acquisition of Aibel announced on December 18, 2012, the Board has decided to propose to the Annual General Meeting that the ordinary dividend for fiscal year 2012 be reduced to SEK 3 per share. For fiscal year 2011, the Company paid a dividend of SEK 5.50 per share. The Board has also proposed an updated dividend policy which is designed to provide greater predictability. The dividend over time shall reflect actual earnings development in Ratos. Historically an average of over 50% of profit after tax has been paid as a dividend. The aim is for an even development of the dividend. Earnings development in Ratos' holdings has been mixed in 2012 where approximately half of the holdings reported higher earnings compared with fiscal year 2011 after the first nine months. The holdings' earnings development in the fourth quarter of 2012 started at the level of the same period in fiscal year 2011 but is expected to be slightly lower than 2011 for the fourth quarter as a whole, which is in line with the assessment made in the recent interim report. The Annual General Meeting will be held on April 17, 2013. The record date and the date for payment of the dividend will be announced at the latest in the notice of the Annual General Meeting. 

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