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.
2020 |
2019 | 2018 | 2017 | 2016 | ||
|---|---|---|---|---|---|---|
|
Share capital1 |
EUR |
233,000,000 |
233,000,000 |
233,000,000 |
233,000,000 |
233,000,000 |
|
Number shares2 at reporting date |
Units |
233,000,000 |
233,000,000 |
233,000,000 |
233,000,000 |
233,000,000 |
|
Market capitalization at year’s end (according to Deutsche Börse) |
EUR m |
2,421 |
2,900 |
3,734 |
6,502 |
8,149 |
|
Close at end of financial year (Xetra) |
EUR |
13.76 |
13.91 |
15.55 |
28.71 |
36.61 |
|
High (XETRA) |
EUR |
14.04 |
16.58 |
32.78 |
41.51 |
48.66 |
|
Low (XETRA) |
EUR |
5.89 |
10.76 |
15.16 |
24.28 |
31.80 |
|
Dividend per entitled share |
EUR |
0.49 |
0.03 |
1.19 |
1.93 |
1.90 |
|
Total dividend |
EUR m |
111 |
03 |
269 |
442 |
435 |
|
Dividend yield on basis of closing price |
Percent |
3.6 |
0.03 |
7.7 |
6.7 |
5.2 |
|
Total XETRA trading volume |
Million shares |
462.3 |
377.8 |
357.4 |
348.0 |
231.2 |
1 The share capital of ProSiebenSat.1 Media SE amounts to EUR 233,000,000.00. As a result of a capital increase, it rose from EUR 218,797,200.00 to a nominal amount of EUR 233,000,000.00 with effect from November 7, 2016. In this capital increase, ProSiebenSat.1 made partial use of the company’s authorized capital and issued 14,202,800 new, registered shares. On August 16, 2013, the 109,398,600 bearer preference shares that existed at that time had already been converted into registered common shares, with the effect that the share capital then totaling EUR 218,797,200.00 consisted of 218,797,200 registered common shares with a nominal share in the share capital of EUR 1.00 each. Today, all (233,000,000) of the company’s registered common shares are now tradable, i.e. both the formerly unlisted registered common shares and the registered common shares resulting from the conversion of the bearer preference shares. Until August 16, 2013, only the bearer preference shares of the company were publicly traded.
2 Incl. treasury shares
3 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 evirinment affected by COVID-19. The Group thus secured additional liquidity of EUR 192 million, which was originally earmarked for the dividend distribution
