The Board of Directors of Resilux NV proposed to the general meeting of shareholders to distribute a gross dividend of EUR 2.00 per share for 2017. This means a net dividend of EUR 1.40 per share (in case of 30% Belgian withholding taxes) and of EUR 2.00 per share (in case of exemption of Belgian withholding taxes).

The company reported consolidated earnings results for the full year of 2017. For the period, the company reported operating revenues of EUR 335,300,000 compared to EUR 326,015,000 a year ago. Turnover was EUR 328,677,000 compared to EUR 293,667,000 a year ago. The turnover increased by 11.9% up to 328.7 million. This increase is a combination of higher volumes, higher average raw material prices and a positive exchange rate in Russia, among others. Operating result was EUR 20,592,000 compared to EUR 46,426,000 a year ago. Result before taxes was EUR 18,115,000 compared to EUR 45,044,000 a year ago. Net result was EUR 15,823,000 compared to EUR 40,807,000 a year ago. Net profit after equity per share was EUR 7.81 compared to EUR 20.15 a year ago. Cash flow from operating activities was EUR 29,317,000 compared to EUR 43,876,000 a year ago. Investments in tangible and intangible fixed assets were EUR 20,405,000 compared to EUR 20,668,000 a year ago. Operating cash flow – EBITDA was EUR 36,359,000 compared to EUR 60,819,000 a year ago. Operating cash flow – EBITDA per share was EUR 17.96 compared to EUR 30.04 a year ago. Adjusted operating cash flow - EBITDA was EUR 37,420,000 compared to EUR 37,966,000 a year ago. Adjusted operating result was EUR 21,653,000 compared to EUR 23,573,000 a year ago. Adjusted result before taxes was EUR 19,176,000 compared to EUR 21,213,000 a year ago. Net result, part of group – adjusted was EUR 16,523,000 compared to EUR 16,471,000 a year ago. Net result, part of croup – adjusted per share was EUR 8.16 compared to EUR 8.13 a year ago. Adjusted operating result per share was EUR 10.69 compared to EUR 11.64 a year ago. Adjusted operating cash flow – EBITDA per share was EUR 18.48 compared to EUR 18.75 a year ago. Net financial debt was EUR 6.8 million.

The company expects for 2018 a further growth of the volumes as a result of additional capital expenditure in production capacity. The company expects that this volume growth and the acquisitions from 2017 will lead to increased operational results for 2018. The company expects to invest around EUR 14.0 million, excluding buildings and special projects. This will be mainly in increased production capacity and additional production tools.