- ISIN CH0011178255
- Country Schweiz
TX Group AG
TX Group adjusts dividend policy
TX Group founded SMG Swiss Marketplace Group in 2021 together with Die Mobiliar, Ringier and General Atlantic, and contributed the highly profitable businesses Homegate and Ricardo, as well as Tutti and car4you. As SMG Swiss Marketplace Group has not paid any dividends to date, the distribution of an extraordinary dividend totalling CHF 230 million was approved yesterday. CHF 71 million of this amount will be paid to TX Group and will be included in the Group’s free cash flow.
In order to reduce fluctuations due to irregular events over the years and to enable better planning, the TX Group Board of Directors has decided to adjust its payout policy. The dividend proposal to the Annual General Meeting will continue to be based on the free cash flow b. M&A after dividends to minorities and repayment of leasing liabilities. The range will be extended to 30 to 50 per cent of the resulting cash flow. In any case, a dividend of CHF 4.00 per share will be proposed for the financial years 2024, 2025 and 2026 from the available funds.
The dividend policy aims to take account of the legitimate interests of all stakeholders. The shareholders of TX Group AG have always been committed to sustainability and, with their willingness to reinvest the majority of the profits generated, have enabled the long-term development and expansion of the Group.