c. Shareholders’ equity
The authorised share capital in accordance with the Articles of Association amounts to EUR 40,000,000, divided into 40,000 ordinary shares of EUR 1,000. The issued share capital amounts to EUR 12,100,000, divided into 12,100 ordinary shares.
|
Paid-up and called-up share capital |
Share premium |
Statutory reserves |
Other reserves |
Undistributed result |
Total |
|
|
Balance at 1 January 2025 |
12,100 |
270,400 |
-37,541 |
769,329 |
42,511 |
1,056,799 |
|
Added to reserves |
- |
- |
- |
25,507 |
-25,507 |
- |
|
Dividend paid |
- |
- |
- |
- |
-17,004 |
-17,004 |
|
Translation differences and other changes in participating interests |
- |
- |
-19,265 |
- |
- |
-19,265 |
|
Reclass statutory reserve |
- |
- |
12,442 |
-12,442 |
- |
- |
|
Profit for the financial year |
- |
- |
- |
- |
110,000 |
110,000 |
|
Total movements for the financial year |
- |
- |
-6,823 |
13,065 |
67,489 |
73,731 |
|
Balance at 31 December 2025 |
12,100 |
270,400 |
-44,364 |
782,394 |
110,000 |
1,130,530 |
|
Paid-up and called-up share capital |
Share premium |
Statutory reserves |
Other reserves |
Undistributed result |
Total |
|
|
Balance at 1 January 2024 |
12,100 |
270,400 |
-45,265 |
709,907 |
127,471 |
1,074,613 |
|
Added to reserves |
- |
- |
- |
73,736 |
-73,736 |
- |
|
Dividend paid |
- |
- |
- |
- |
-53,735 |
-53,735 |
|
Translation differences and other changes in participating interests |
- |
- |
-6,590 |
- |
- |
-6,590 |
|
Reclass statutory reserve |
- |
- |
14,314 |
-14,314 |
- |
- |
|
Profit for the financial year |
- |
- |
- |
- |
42,511 |
42,511 |
|
Total movements for the financial year |
- |
- |
7,724 |
59,422 |
-84,960 |
-17,814 |
|
Balance at 31 December 2024 |
12,100 |
270,400 |
-37,541 |
769,329 |
42,511 |
1,056,799 |
The share premium is tax exempt.
Statutory reserves consist of a currency translation reserve participating interests of EUR -72.1 million (EUR -52.8 million), a reserve relating to the carrying amount of capitalised development costs amounting to EUR 26.8 million (EUR 14.3 million), and a reserve for statutory reserves of participating interests of EUR 0.9 million (EUR 0.9 million).
With regard to the profit for the financial year 2025, the proposal to the General Meeting of Shareholders will be to appropriate EUR 44.0 million for a dividend payment to the shareholders and to add the remainder, EUR 66.0 million, to the Other reserves. The proposed dividend will be made payable in cash.
