Esker Will Pay 0.41€ per Share as Dividend for 2018, increasing by 28%.
Long-standing shareholders to receive a 10 percent bonus, in addition.
LYON, France — June 24, 2019 —
“We are happy to be able to continue our policy to reward shareholders through a consistent annual dividend payment. This policy is designed to not only recognize their commitment to Esker but also to reaffirm our confidence in the future of Esker and its continued success in the years to come” – Jean-Michel Bérard, Founder and CEO of Esker and Emmanuel Olivier, COO of Esker.
A 0.41€ per share dividend
During its annual meeting held on June 20, 2019, Esker shareholders approved a 0.41€ per share dividend payment for the 2018 financial year with a 28% increase.
The record date will be on June 26, 2019, with the payment set to be completed on June 28, 2019. Shareholders having held their investment for more than two years in nominative form will receive a 10 percent bonus in addition to the regular dividend amount.
Strong Financial Position
Esker’s cash level reached 25.3 million of euros (17.9 million net of financial debt) as of March 31, 2019. In addition, Esker owns 140,000 treasury shares that can be used immediately for a potential acquisition. This puts Esker in a favorable condition to continue its strategy of combining organic growth and acquisitions.
Esker confirms that it expects to see double digit organic growth in its revenue in 2019. The strong recurring nature of its revenue (more than 80 percent of total revenue for Q1 2019) allows the company to be confident in its performance. In addition, Esker continues to see many customers choosing Esker for their document automation needs. These new contracts will feed Esker’s growth in the quarters to come.