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Appropriation of available earnings

As proposed by the Board of Directors to the Annual General Shareholdersʼ Meeting of June 12, 2023:

CHF million

 

31.3.2023

Balance carried forward from previous year

 

682.7

Net profit for the year

 

270.1

Voluntary retained earnings

 

952.8

Cancellation of treasury shares 1)

 

(421.5)

Dividend distribution 2)

 

(274.1)

Balance to be carried forward

 

257.2

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