Ludwig Beck AG Plans to Resume Dividend Payments in 2023

Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG has announced its intention to resume dividend payments to its shareholders for the fiscal year 2023. This marks a significant shift for the company, following a five-year hiatus during which no dividends were distributed due to a series of financial crises facing the firm. On 6 March 2024, the Executive Board resolved to propose a dividend of €0.15 per dividend-bearing share, based on preliminary and unaudited financial statements from the previous year.

The company disclosed that this proposal is contingent upon approval from the Supervisory Board and is subject to change pending the finalization of the audited annual financial statements for 2023. Ludwig Beck AG plans to present a definitive proposal for profit distribution at the 2024 Annual General Meeting, following the adoption and submission of its audited financial statements for the year 2023. The firm also announced that it will release its complete and final financial figures for the 2023 fiscal year on 21 March 2024, providing shareholders and potential investors with a clearer view of its financial health and operational success.