Appropriation of available earnings

As proposed by the Board of Directors to the Annual General Shareholders’ Meeting of June 15, 2021:

CHF million

 

31.3.2021

Balance carried forward from previous year

 

1,714.9

Net profit for the year

 

198.3

Voluntary retained earnings

 

1,913.2

Cancellation of treasury shares1)

 

(258.9)

Dividend distribution2)

 

(201.7)

Balance to be carried forward

 

1,452.5

1)Subject to approval at the Annual General Shareholders’ Meeting of Agenda Item 6 (Capital Reduction Through Cancellation of Shares).

2)If the Annual General Shareholders’ Meeting approves the proposed appropriation of available earnings, a gross dividend of CHF 3.20 per registered share of CHF 0.05 will be paid out (previous year: stock dividend).