The ambition is also for operations to provide a stable level of dividends over the long term. However, the distributable amount must not exceed profit before changes in value and impairment charges less participations in the profits of associated companies and after standard tax.

When determining the size of the dividend, consideration must be given to the company’s investment requirements, its equity/assets requirements, its position in general and the ability of the Group to develop while maintaining its financial strength and freedom of action.