Skip to content
Sign In Subscribe
German Federal States — News — finances — Shareholders — Germany — Bad Homburg — fresenius se — health — Hospitals — Medicine — Hesse — Dividend — Exchange — healthcare group

Fresenius may not pay dividends and bonuses for 2023

The healthcare group Fresenius may not distribute a dividend to its shareholders for the current year due to government energy aid. The Management Board wants to retain relief payments for hospitals of up to 300 million euros according to the current status, which is why there is a ban on...

,   and  ZEITUNG «AUSSIEDLERBOTE»
1 min read

Healthcare group - Fresenius may not pay dividends and bonuses for 2023

The healthcare group Fresenius is not allowed to distribute a dividend to its shareholders for the current year due to government energy aid. The Management Board intends to withhold relief payments for hospitals of up to 300 million euros according to the current status, which is why there is a ban on dividends and bonuses for 2023, the DAX-listed company announced on Tuesday after the close of trading in Bad Homburg.

Fresenius also announced that no bonuses or other variable remuneration components may be paid to members of the Management Board due to the withheld payments. The Supervisory Board still has to approve the decision tomorrow, Wednesday (December 6).

Fresenius CEO Michael Sen had already indicated a dividend waiver at the beginning of November. The Group had received almost 160 million euros from the state by the end of September. By accepting the money, a legal threshold has been exceeded, meaning that no bonuses may be paid to managers or dividends to shareholders for this year.

Read also:

  1. Despite the financial aid, Fresenius SE, a prominent healthcare group based in Hesse, Germany, will not be distributing any dividends to its shareholders this year.
  2. The shareholders of the famed German company, Fresenius, may also forego the typical bonuses and other variable remuneration components for the Management Board members due to withheld relief payments.
  3. The decision to withhold payments and consequently the ban on dividends and bonuses for 2023 was announced by Fresenius after the close of trading in Bad Homburg, a city in Hesse.
  4. The Group, which specializes in Health and Medicine, has already received around 160 million euros in government aid by the end of September.
  5. This financial aid has resulted in the company exceeding a legal threshold, preventing any bonuses for managers and dividends for shareholders this year.
  6. The Supervisory Board is set to approve the decision regarding the ban on dividend and bonus payments on December 6.

Source: www.stern.de

Comments

Related

Latest

Grave accusations levied against JVA staff members in Bavaria
Panorama

Grave accusations levied against JVA staff members in Bavaria

Grave accusations levied against JVA staff members in Bavaria The Augsburg District Attorney's Office is currently investigating several staff members of the Augsburg-Gablingen prison (JVA) on allegations of severe prisoner mistreatment. The focus of the investigation is on claims of bodily harm in the workplace. It's

,   and  Ann Bradley
Members Public