Annual Report 2017

24. Retained Earnings

in thousands of EUR

2017

2016

At 1 January

981,384

786,428

Result for the year

227,929

231,360

Dividends paid

- 78,363

- 35,327

Acquisition of non-controlling interest

- 651

-

Share-based payments

- 1,775

- 1,077

At 31 December

1,128,524

981,384

For 2017, it is proposed to the General Meeting to distribute a total dividend of €81,147 or EUR 0.32 per share. If the proposal is approved by the General Meeting, the dividend will be payable as from 4 May 2018.

For 2016, a total dividend of EUR 0.31 per share was paid out in the first half year of 2017 for a total of €78,363. A final dividend for 2015 of EUR 0.14 per share was paid out in the first half year of 2016 for a total of €35,327.