Esker Will Pay €0.50 Per Share as Dividend for 2020, up 51.5%

Long-standing shareholders to receive a 10 percent bonus

LYON, France, and MIDDLETON, Wis. — June 22, 2021 —

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 16, 2021, Esker shareholders approved a €0.50 per share dividend payment for the 2020 financial year, compared to €0.33 the previous year.

The coupon detachment date was fixed on June 24, 2021, with a “record date” on June 25, 2021, with payment to be completed on June 28, 2021. 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  €0.55 per share).

 “We are happy to associate our shareholders with the company's good performance, through the distribution of a dividend for the 2020 financial year of €0.50 per share, up 51.5% compared to 2019. 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.” said Jean-Michel Bérard, CEO at Esker.

Maintained profitability and financial structure for future growth

As of March 31, 2021, company cash rests at 48.5 million euros. With 34.9 million euros in net cash (versus 19.6 million euros on March 31, 2020) and close to 140,000 treasury shares immediately available, Esker has the financial resources necessary to pursue its strategy focused on accelerating its organic growth combined with external growth operations.

2021 outlook

Esker’s growth should continue to accelerate over the next two quarters due to the economic recovery and a very favorable base effect. Based on the excellent performance in Q1 2021, Esker has raised its organic growth forecast for the full year from 15% to 16%, which should bring sales revenue to around 130 million euros if the EUR/USD exchange rate remains unchanged. At this level of growth, profitability is expected to be between 12-15%.