Profil:
Wittchen SAWittchen fashion retailer management board will not recommend dividend payouts for 2025–2027
Listed leather products manufacturer and fashion retailer Wittchen's management board will not recommend to the general meeting that the profit generated by Wittchen in the financial years 2025-2027 be allocated to the payment of dividends, the company announced in a market filing.
The company said the decision follows supervisory board approval for new financing arrangements and a positive opinion on a share buyback programme. As a result, the management board will not recommend allocating profits from 2025-2027 to dividend payments.
After this period, the board plans to review the dividend policy to assess the possibility of recommending a payout of all or part of profits to shareholders.
Wittchen added that dividend policy is reviewed periodically and that the final decision on profit distribution, including any dividend payment, is made each year by the general meeting.
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