TX Group Updates Dividend Policy Amid Strategic Changes

TX Group has announced an adjustment to its dividend policy. The board has approved an extraordinary dividend of CHF 230 million from SMG Swiss Marketplace Group, benefiting TX Group with CHF 71 million to be added to its free cash flow. This marks a crucial financial decision, as SMG, founded in 2021 with notable partners, has not distributed dividends until now.

To mitigate financial fluctuations, TX Group plans a revised dividend payout range of 30 to 50 percent based on available cash flow. For fiscal years 2024-2026, a CHF 4.00 per share dividend is promised, ensuring stakeholders' interests are balanced. This policy reflects shareholders' commitment to sustainability and the group's long-term growth.