Appropriation of available earnings

As proposed by the Board of Directors to the Annual General Shareholders’ Meeting of June 15, 2022:

CHF million

 

31.3.2022

Balance carried forward from previous year

 

1,457.3

Net profit for the year

 

189.9

Voluntary retained earnings

 

1,647.2

Cancellation of treasury shares 1)

 

(702.8)

Dividend distribution 2)

 

(268.8)

Balance to be carried forward

 

675.7

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 4.40 per registered share of CHF 0.05 will be paid out (previous year: CHF 3.20).