Brief: Zug Estates Group Records Net Income Of CHF 39.8 Million In 2022 Financial Year

Zug Estates Holding AG

24/02/2023 05:35

Feb 24 (Reuters) - Zug Estates Holding Ag  ZUGN.S :
    * ZUG ESTATES GROUP RECORDS VERY PLEASING ANNUAL RESULTS
    * BOARD WILL PROPOSE A 9.3% INCREASE IN ORDINARY DIVIDEND,
FROM
CHF 37.50 TO CHF 41.00 PER SERIES B REGISTERED SHARE
    * ARMIN MEIER IS STEPPING DOWN FROM BOARD OF DIRECTORS
    * NET INCOME OF CHF 39.8 MILLION WAS GENERATED IN 2022
FINANCIAL
YEAR
    * BOARD OF DIRECTORS WILL ALSO PROPOSE THAT JOËLLE ZIMMERLI
IS
ELECTED TO BOARD OF DIRECTORS
    * WE EXPECT NET INCOME EXCLUDING REVALUATION AND SPECIAL
EFFECTS
TO BE SLIGHTLY LOWER IN 2023 FINANCIAL YEAR.
    * IN HOTEL & CATERING SEGMENT, WE EXPECT RECOVERY SEEN IN
SECOND
HALF OF 2022 TO CONTINUE

Source text for Eikon:  ID:nEQ2lfTxza 
Further company coverage:  ZUGN.S 
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