News + Media
Kaba: dividend distribution policy amended
Rümlang, 22 April 2013 - The Board of Directors of the globally active Kaba Group has decided to increase its dividend payout rate from the previous range of 30% to 35% of consolidated net profit to between 40% to 60%. It has also decided to propose to the Annual General Meeting of 29 October 2013 that John Heppner be elected as a new Member of the Board. Further, Kaba Group expects sales and and the EBITDA margin to be somewhat below guidance given for the 2012/2013 financial year.
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