Esker Will Pay €0.33 Per Share as Dividend for 2019
Long-standing shareholders to receive a 10 percent bonus
LYON, France, and MIDDLETON, Wis. — June 19, 2020 — Esker, a worldwide leader in AI-driven process automation solutions and pioneer in cloud computing, today announced that, during its annual meeting held in closed session on June 18, 2020, Esker shareholders approved a €0.33 per share dividend payment for the 2019 financial year, compared to €0.41 the previous year.
The coupon detachment date was fixed on June 25, 2020, with a “record date” on June 26, 2020, with payment to be completed on June 29, 2020. Shareholders having held their investment for more than two years in nominative form or administered nominative form will receive a 10 percent bonus (a bonus dividend of €0.363 per share).
“In an uncertain global economic environment, we have decided to lower our annual dividend payment,” said Jean-Michel Bérard, CEO at Esker. “We are happy to be able to continue our policy to reward shareholders through a consistent annual dividend payment, while preserving company cash flow required for organic growth. 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.”
Strong financial position
As of March 31, 2020, company cash rests at 24.1 million euros. With 19.9 million euros in net cash (versus 17.9 million euros on March 31, 2019), Esker has the financial resources necessary to pursue its strategy relying mainly on organic growth.
In an uncertain economic context, Esker relies on the resilience of its economic model, the geographic and sectoral diversification of its revenues, and the relevance of its solutions for customers.
Despite the uncertain evolution of the crisis, Esker expects that it will be able to maintain close to 10% organic growth in 2020. In this hypothesis, profitability would remain close to what was recorded in 2019 without calling into question investments aimed at further developing the company over the coming years.