The Group is intensifying its focus on continued value increase and continues to target a return-on-capital-employed for the Group of at least 15% in the mid-term, based on the ProSiebenSat.1 definition of the ratio (P7S1 ROCE). To achieve this target, expansion and new investments will have to be amortized within three years and generate a return of at least 18%. Strategic projects are usually expected to be amortized within five years.
Since financial year 2018, ProSiebenSat.1 Media SE has pursued a general dividend policy of distributing around 50% of adjusted net income to the shareholders as a dividend. The Group uses cash inflows exceeding the dividend distribution primarily for investments in organic and inorganic growth and to reduce its debt.
2021 |
2020 | 2019 | 2018 | 2017 | ||
|---|---|---|---|---|---|---|
|
Share capital at closing date |
EUR |
233,000,000 |
233,000,000 |
233,000,000 |
233,000,000 |
233,000,000 |
|
Number shares as of closing date |
Units |
233,000,000 |
233,000,000 |
233,000,000 |
233,000,000 |
233,000,000 |
|
Free float market capitalization at end of financials year (according to Deutsche Börse) |
EUR m |
2,488 |
2,421 |
2,900 |
3,734 |
6,502 |
|
Close at end of financial year (Xetra) |
EUR |
14.01 |
13.76 |
13.91 |
15.55 |
28.71 |
|
High (XETRA) |
EUR |
18.92 |
14.04 |
16.58 |
32.78 |
41.51 |
|
Low (XETRA) |
EUR |
13.00 |
5.89 |
10.76 |
15.16 |
24.28 |
|
Dividend per entitled share |
EUR |
0.80 |
0.49 |
0.01 |
1.19 |
1.93 |
|
Total dividend |
EUR m |
181 |
111 |
01 |
269 |
442 |
|
Dividend yield on basis of closing price |
Percent |
5.7 |
3.6 |
0.01 |
7.7 |
6.7 |
|
Total XETRA trading volume |
Million shares |
286.7 |
462.3 |
377.8 |
357.4 |
348.0 |
1 At the Annual General Meeting on June 10, 2020, the shareholders of ProSiebenSat.1 Media SE agreed to the Executive Board’s and Supervisory Board’s proposal to carry forward the full amount of the balance sheet profits of financial year 2019 to the new accounting period. This measure was part of stringent financial management in an environment affected by COVID-19. The Group thus secured additional liquidity of EUR 192 million, which was originally earmarked for the dividend distribution.
