The Board of Directors of SCA does not intend to render any proposal for dividend this year
The Board of Directors of SCA has announced that it will not propose an extraordinary general meeting in 2020 to resolve on dividend distribution. This decision is based on current circumstances, with plans to provide a dividend proposal during the customary interim report for Q4 2020. In 2019, SCA reported sales of approximately SEK 19.6bn (around EUR 1.9bn) and employed about 4,000 individuals, emphasizing its standing as Europe's largest private forest holding, involved in various forest-related products and services.
- SCA reported sales of approximately SEK 19.6bn (EUR 1.9bn) in 2019.
- The company employs around 4,000 individuals, indicating a stable workforce.
- No dividend proposal for 2020 may affect shareholder income expectations.
STOCKHOLM, Aug. 26, 2020 /PRNewswire/ -- The Board of Directors of SCA has considered whether to propose an extraordinary general meeting to be held later in 2020 to resolve on dividend distribution. The Board of Directors has resolved that it will not render any such proposal during the remainder of 2020.
The Board of Directors of SCA has considered whether to propose an extraordinary general meeting to be held later in 2020 to resolve on dividend distribution. In view of the current circumstances, the Board of Directors has resolved not to call for an extraordinary general meeting this year to resolve on dividend distribution. Instead the Board of Directors intends to render its proposal on dividend distribution as customary in connection with the publication of the interim report for the fourth quarter 2020.
For further information, please contact:
Björn Lyngfelt, SVP Communications, tel +46 60 19 34 98
Toby Lawton, CFO, tel +46 60 19 31 09
Katarina Nilsson, General Counsel and Secretary to the Board, tel +46 739 205 605
Please note:
This is information that SCA is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, on August 26, 2020 at 08:00 a.m. CET.
Björn Lyngfelt, Vice President, Communications, +46 (0)60 19 34 98
The core of SCA's business is the forest, Europe's largest private forest holding. Around this unique resource, we have built a well-developed value chain based on renewable raw material from our own and others' forests.
We offer paper for packaging and print, pulp, wood products, renewable energy, services for forest owners and efficient transport solutions.
In 2019, the forest products company SCA had approximately 4,000 employees and sales amounted to approximately SEK 19.6bn (EUR 1.9bn).
SCA was founded in 1929 and has its headquarters in Sundsvall, Sweden. For more information, visit www.sca.com
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SOURCE SCA
FAQ
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