Menu
sharewise sharewise
Log in
Sign up
Log in
Sign up
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

DGAP-Adhoc: ProSiebenSat.1 Media SE: COVID-19 update: ProSiebenSat.1 withdraws 2020 outlook and 2019 dividend proposal

eqs_en 
0 0 22.04.20
DGAP-Adhoc: ProSiebenSat.1 Media SE: COVID-19 update: ProSiebenSat.1 withdraws 2020 outlook and 2019 dividend proposal: http://s3-eu-west-1.amazonaws.com/sharewise-dev/attachment/file/23624/ProSiebenSat1.svg.png
 

DGAP-Ad-hoc: ProSiebenSat.1 Media SE / Key word(s): Forecast/Dividend
ProSiebenSat.1 Media SE: COVID-19 update: ProSiebenSat.1 withdraws 2020 outlook and 2019 dividend proposal

22-Apr-2020 / 21:29 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

COVID-19 update: ProSiebenSat.1 withdraws 2020 outlook and 2019 dividend proposal

- Due to lack of visibility on COVID-19 related impacts and thus economic uncertainty for remainder of the year, ProSiebenSat.1 withdraws 2020 financial outlook

- Against the backdrop of the COVID-19 crisis, ProSiebenSat.1 also withdraws initial 2019 dividend proposal

- Group confirms its current dividend policy

Unterfoehring, April 22, 2020. Due to the current standstill of the global economy and consequential significant economic uncertainty, it is currently not possible for ProSiebenSat.1 Group to provide an outlook on the financial performance in the second quarter and the full-year. The Executive Board thus decided today to withdraw the financial outlook for the full-year 2020.

Furthermore, against the backdrop of the COVID-19 crisis, the Executive Board and the Supervisory Board decided today to propose to the Annual General Meeting to not pay-out a dividend for fiscal year 2019. Initially, the Company had announced to propose a dividend of EUR 0.85 per share to the Annual General Meeting. At the same time, the Group is confirming its current dividend policy with a pay-out-ratio of 50% of adjusted Group net income.

22-Apr-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: ProSiebenSat.1 Media SE
Medienallee 7
85774 Unterföhring
Germany
Phone: +49 (0)89 9507-1463
Fax: +49 (0)89 9507-91463
E-mail: [email protected]
Internet: www.prosiebensat1.com
ISIN: DE000PSM7770
WKN: 777117
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange
EQS News ID: 1027853

 
End of Announcement DGAP News Service

1027853  22-Apr-2020 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1027853&application_name=news&site_id=sharewise

ProSiebenSat.1 Media SE Stock

€6.96
3.190%
A very strong showing by ProSiebenSat.1 Media SE today, with an increase of €0.22 (3.190%) compared to yesterday's price.
We see a rather positive sentiment for ProSiebenSat.1 Media SE with 6 Buy predictions and 2 Sell predictions.
With a target price of 8 € there is a slightly positive potential of 15.03% for ProSiebenSat.1 Media SE compared to the current price of 6.96 €.
Show more
Like: 0
Share
eqs_en 
EQS Group is a leading international provider of regulatory technology in the fields of corporate compliance and investor relations. In working with EQS Group, thousands of companies worldwide inspire trust by fulfilling complex national and international disclosure obligations, minimizing risks and communicating transparently with stakeholders.




Legal notice

Comments

Not a member yet? Sign up for free!