The Board of Directors in Handicare Group AB postpones the dividend proposal for 2019
The rapid spread of the coronavirus Covid-19 has caused an exceptional situation for people, communities and businesses. As previously communicated, Handicare is taking several measures to adapt its operations to the currently assessed consequences of the Covid-19 pandemic. Handicare has a strong financial position and liquidity.
Considering the prevailing conditions around the world and the uncertainty about future economic effects related to Covid-19, the Board of Directors has decided to withdraw the previously communicated proposal to the Annual General Meeting of 0.07 EUR dividend per share. The Board has the ambition to convene an Extraordinary General Meeting in the second half of 2020 to decide on the dividend. The final assessment of the dividend will be taken when the effects of the current Covid-19 pandemic are better understood.
For more information, contact:
Staffan Ternström, CEO, Tel: +46 725 490 029
Pernilla Lindén, CFO & IR, Tel: +46 708 775 832
This information is information that Handicare Group AB (publ) is required to disclose pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 21:30 CET on 1 April 2020.
About Handicare
Handicare offers solutions to increase the independence of disabled or elderly people, and to facilitate for their care providers and family. The offering encompasses a comprehensive range of curved and straight stairlifts, transfer, lifting and repositioning aids and vehicle adaptations. Handicare is a global company with sales in more than 20 countries and is one of the market leaders in this field. The head office is in Stockholm, Sweden and manufacturing and assembly is located at five sites distributed across North America, Asia and Europe. In the twelve-month period to December 2019, revenue amounted to MEUR 271 and the adjusted EBITA margin was 7.8%. Employees amounted to 1,040 and the share is listed on Nasdaq Stockholm. For more information, www.handicaregroup.com.