Sweco’s Board of Directors adjusts its dividend proposal
Given the general level of uncertainty resulting from Covid-19, Sweco’s Board has decided to adjust its dividend proposal. New proposed dividend is SEK 3.10 per share.
As announced previously, Sweco’s financial position remains strong, with good liquidity and a project portfolio that is relatively unaffected by Covid-19. In the prevailing circumstances, however, it is not possible to estimate the full impact of Covid-19 on the company. The proposal should therefore be viewed as a precaution aimed at safeguarding Sweco’s financial strength and flexibility.
The Board intends, should market conditions allow it, to call an extraordinary general meeting in the second half of the year to consider and resolve on an extraordinary dividend.
For additional information, please contact:
Lisa Lagerwall, General Counsel, +46(0)73-412 6616, email@example.com
Katarina Grönwall, Chief Communications Officer, +46 (0)73-258 9333, firstname.lastname@example.org
Sweco plans and designs tomorrow’s communities and cities. Our work produces sustainable buildings, efficient infrastructure and access to electricity and clean water. With 17,000 employees in Europe, we offer our clients the right expertise for every situation. We carry out projects in 70 countries annually throughout the world. Sweco is Europe’s leading engineering and architecture consultancy, with sales of approximately SEK 20.6 billion (EUR 1.9 billion). The company is listed on Nasdaq Stockholm. www.swecogroup.com.
This information is information that Sweco AB 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 above, at 08:00 am CEST on 21 April 2020.