ABO Invest shareholders should receive a dividend of EUR 0.02 per share for the 2019 financial year. The company from Wiesbaden wants to raise the distribution by one cent compared to the previous year. The company will submit a corresponding distribution proposal to the Annual General Meeting, which will take place on July 2 as a virtual Annual General Meeting on the Internet.
“Out of commercial caution, ABO Invest has written down the value of the Samswegen biogas plant from EUR 418,000 to EUR 0 in the balance sheet. In doing so, the company management is responding to the expected reduction in the feed-in tariff and higher uncertainties in the substrate supply, ”ABO Invest said on the course of business. The company, a power producer from renewable energy sources, increased its sales last year from EUR 31.7 million to EUR 33.1 million. On an EBITDA basis, ABO Invest reports an increase in operating profit from EUR 25.5 million to EUR 26 million.
More on Cleantech shares on 4investors: click here