Annual Report 2023

Appropriation of Available Earnings

in CHF 1'000

 

2023

 

2022

 

 

 

 

 

Retained earnings brought forward

 

186'916

 

170'703

Dividends on treasury shares not distributed 1)

 

11

 

19

Net income for the year

 

120'444

 

120'743

Retained earnings available to Annual General Meeting

 

307'370

 

291'466

 

 

 

 

 

Dividend of CHF 8.50 per share (2022: CHF 8.50 per share) proposed by the Board of Directors 2)

 

-104'550

 

-104'550

Balance carried forward

 

202'820

 

186'916

1) The amount of CHF 104.6 million proposed to be distributed as dividend for 2022 was reduced by CHF 10'684.50 due to 1'257 treasury shares held by BELIMO Holding AG at the dividend payment date 2023 (2022: CHF 18'946.50 due to 2'229 treasury shares).

2) Shares held by BELIMO Holding AG at the time of dividend distribution are not entitled to dividends.

The Board of Directors proposes to the 2024 Annual General Meeting a dividend of CHF 8.50 per share (2022: CHF 8.50 per share). The dividend is expected to be paid on April 2, 2024.