Proposal for the distribution of available earnings

The Board of Directors will propose to the General Meeting of Shareholders that the available earnings be used as follows:

(CHF 1,000)

 

31.12.2020

 

31.12.2019

Profit brought forward

 

1,817,145

 

1,501,226

Result for the year

 

–127,787

 

315,919

Available earnings

 

1,689,358

 

1,817,145

To be carried forward 1)

 

1,689,358

 

1,817,145

1) Owing to the widespread impact of COVID-19 and to safeguard liquidity, it was decided not to pay a dividend for the 2019 financial year. A proposal will be made to the General Meeting of Shareholders to waive payment of a dividend for the current year too.