The Helvetia Group once again presented the 1591 shareholders who were present with voting rights (representing 65.54 per cent of the share capital) and a solid year-end result. Helvetia boosted its profit by 18.0 per cent to CHF 342.2 million in 2012. The business volume of CHF 6,978.5 million remained unchanged year-on-year. While its Swiss home market was as strong as usual, foreign markets posted vastly improved results. The Shareholders’ Meeting acknowledged these results and approved the Annual Report, the Financial Statements and the Consolidated Financial Statements 2012.
Thanks to the strong balance sheet and favourable business development, the Shareholders' Meeting approved a 6.25 per cent higher dividend of CHF 17.00 per share. Helvetia will make the upcoming dividend payout by using almost all of the remaining capital contributions of CHF 122.1 million (CHF 14.00 per share), which are tax-exempt for individuals in Switzerland. The Group is maintaining its attractive dividend policy with a payout ratio of 44 per cent.
Prof. Dr. Christoph Lechner, Herbert J. Scheidt and Erich Walser, Chairman of the Board of Directors at Helvetia since 2003, duly stood for re-election to the Board of Directors for a further period in office. The Shareholders’ Meeting confirmed all three directors in their office with a large majority.
This media release is also available on the home page www.helvetia.com/media
An infokit on the Shareholders’ Meeting is available at www.helvetia.com/gvinfokit