SUNEX renewables doubles dividends

The Management Board of SUNEX S.A., a leading producer and distributor of innovative solutions based on renewable energy sources, recommends a dividend payment of over PLN 0.8 million, i.e. PLN 0.04 per share. This will mean that the shareholders will be allocated twice the amount than in the previous year. The decision will be made by the General Meeting of Shareholders.

Management Board of SUNEX S.A. adopted a resolution on the recommendation of dividend payment from the net profit for the financial year 2020. It intends to allocate over PLN 0.8 million for this purpose, which will mean the payment of PLN 0.04 per share to shareholders. This is twice as much as the year before (last year, PLN 0.1 per share was paid, but if the split was taken into account, the dividend per share for 2019 would be PLN 0.02). The recommendation of the Management Board will be approved by the Supervisory Board. The final decision on the distribution of the profit for 2020 and the dividend payment will be made by the General Meeting of the Company. The producer and distributor of innovative solutions based on renewable energy sources in 2020 generated a total net profit of PLN 6.5 million.

This year, SUNEX is planning an investment in the area of ​​automation of manufacturing processes, storage and management of the production of metal products used in renewable energy devices. The preliminary value of the project under preparation is estimated at PLN 10 million.

About SUNEX:
SUNEX S.A. is a leading producer of innovative solutions based on renewable energy sources. The company was founded in 2002 in Racibórz. It offers, among others: heat pumps, solar collectors, thermosyphons, assembly systems, connection systems, storage tanks, pump groups, heat exchange stations, solar regulators. More than 60 percent of the company’s production goes abroad. Company SUNEX S.A. It made its debut on the regulated market of the Stock Exchange on 30.07.2015, where series A and B shares are listed. Previously, the Company’s shares were traded on NewConnect market.

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