Appropriation of Available Earnings
in CHF 1 000 | 2024 | 2023 | ||
|---|---|---|---|---|
Retained earnings brought forward | 202 820 | 186 916 | ||
Dividends on treasury shares not distributed1) | 9 | 11 | ||
Net income for the year | 114 335 | 120 444 | ||
Retained earnings available to Annual General Meeting | 317 164 | 307 370 | ||
Dividend proposed by the Board of Directors2) | -116 850 | -104 550 | ||
Balance carried forward | 200 314 | 202 820 |
1) The amount of CHF 104.6 million proposed to be distributed as dividend for 2023 was reduced by CHF 9 282.00 due to 1 092 treasury shares held by BELIMO Holding AG at the dividend payment date 2024 (2023: CHF 10 684.50 due to 1 257 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 2025 Annual General Meeting a dividend of CHF 9.50 per share (2023: CHF 8.50 per share). The dividend is expected to be paid on March 28, 2025.