Brief: Sintercast Proposes Ordinary Dividend Of SEK 5.50 Per Share

SinterCast AB

28/02/2024 07:10

Feb 28 (Reuters) - SinterCast AB  SINT.ST :
    * PROPOSED ORDINARY DIVIDEND OF SEK 5.50 PER SHARE (SEK 5.00
PER
SHARE) AND EXTRAORDINARY DIVIDEND OF SEK 0.60 PER SHARE (SEK
0.50 PER SHARE), EQUIVALENT TO SEK 43.1 MILLION (SEK 39.0
MILLION), TO BE PAID IN TWO EQUAL INSTALMENTS
    * POSITIVE INSTALLATION OUTLOOK FOR 2024: AT OUTSET OF 2024,
INSTALLATION PIPELINE LOOKS STRONGER THAN USUAL, BENEFITTING
FROM GIFA WORLD FOUNDRY TRADE FAIR IN JUNE 2023 AND A RETURN
TOWARD CAPITAL EXPENDITURES IN FOUNDRY INDUSTRY FOLLOWING COVID
YEARS
    * POSITIVE INSTALLATION OUTLOOK FOR 2024: WE ESTIMATE THAT
CURRENT
LEVEL OF INSTALLATION DISCUSSIONS PROVIDES OPPORTUNITY TO EXCEED
PRE-COVID HISTORICAL AVERAGE OF SEK 8 MILLION IN INSTALLATION
REVENUE DURING 2024 AND 2025

Source text for Eikon:  ID:nMFN8nCBFs 
Further company coverage:  SINT.ST 

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