Increase of 4.1 % of the dividend per share in 2023 compared to 2022 - Seite 2

Based on discussions with different stakeholders, it appears that the equity accounting of investments in companies over which Solvac exercises significant influence does not constitute relevant information for the reader of the financial statements. He is in fact interested in the fair value of our (now our two) participation(s), and in the impact that this (these) has (have) on Solvac's assets.

 

4. The Board of Directors reports the figures of the statutory accounts of Solvac SA in 2023 :

EUR thousand		2021	2022
Financial result		123,966	132,085
Operating result		-1,946	-4,742
Profit before tax		122,020	127,343
Profit after tax		122,020	127,343
Gross payment to shareholders		119,273	124,189
Retained earnings		2,747	3,154

The 2023 net income is € 127.3 million (versus € 122.0 million in 2022). The increase of € 5.3 million mainly comes from the increase of the total dividend per share obtained from Solvay (€ 4.05 per share in 2023 compared to € 3.85 per share in 2022).

5. Two interim dividend payments were made, respectively on August 24, 2023 and on December 29, 2023, the second representing in principle the balance due, which the General Shareholders Meeting will be asked to approve. In total, each share received in 2023 a gross compensation increasing by 4.1 % compared to 2022 :

EUR	2022	2022
A first deposit	3.26	3.35
A second deposit	2.32	2.46
Gross dividend per share	5.58	5.81

6. Distribution of dividends for the 2023 financial year by Solvay and Syensqo

The Board of Directors of Syensqo decided on March 11, 2024 to pay on May 31^st, 2024, a dividend for the financial year 2023 coming to € 1.62 gross per share.