Dividend
policy

The Group aims to distribute dividends representing approximately 25% of its consolidated net income, to the extent that it is compatible with the implementation of the Group’s external growth policy.

No dividends were paid in 2017, 2018 and 2019. During its meeting held on February 18, 2020 and considering the strategic priority given in 2020 to the development of the Company, the Board of Directors decided to propose at the Annual General Meeting of Shareholders not to distribute any dividend on the 2019 results.