When looking at the Croatian Market, one can note an increase of 4.7% in Q1 to 10,468 cars.
European Automobile Manufacturers Association (ACEA) has recently published Q1 data for new passenger car registrations in the EU. During the Q1 of 2021, EU demand for new cars grew by 3.2% to reach 2.6m units registered in total. Despite steep declines during the first two months of the year (‐24.0% in January and ‐19.3% in February), March’s strong results managed to offset the negative trend. To be specific, in March 2021, registrations of new passenger cars in the European Union increased by 87.3%, as a result of last year’s exceptionally low base of comparison caused by outbreak of the pandemic. In solely March 1,062,446 new cars were sold in the EU, compared to 567,253 during the same month in 2020.
Looking at the major EU markets in Q1, last month’s gains brought the cumulative performances of Italy and France into positive territory (up 28.7% and 21.1% respectively). On the other hand, both Spain (‐14.9%) and Germany (‐6.4%) continued to post declines so far in 2021, although significantly less dramatic than in the preceding months.
When looking at the Croatian Market, one can note an increase an increase in March of 52.8%, while in Q1 we observed an increase of 4.7% in new passenger car registrations, to 10,468. In Slovenia, on the other hand, one can note an increase of 12.3% in Q1 to 16,291 cars.
Turning our attention to the Russian market, In Q1 of 2021, sales of new cars and light commercial vehicles in Russia decreased by 2.8 % compared to the same period in 2020 or by 11 196 sold units, and amounted to 387 322 cars, according to the AEB Automobile Manufacturers Committee. When looking solely at March sales of new cars and light commercial vehicles in Russia decreased by 5.7%.
Dividend yield is 4.4%, while ex-date is 9 June 2021.
BVB published the Resolutions adopted by the Ordinary and Extraordinary General Meetings of Shareholders held yesterday, in which the shareholders approved the distribution of net profit from 2020. The shareholders approved of the distribution of Company’s net profit achieved in 2020, amounting RON 9.12m as follows: the disbursement of RON 528k for legal reserve and distribution of RON 8.59m as dividends. This translates into a dividend per share of RON 1.0672, implying a dividend yield of 4.4%.
Note that the ex-date is 9 June 2021.
Below we are bringing you an overview of the Company’s historical dividends per share and dividend yields.
Dividend per Share (RON) & Dividend Yield (%) (2016 – 2021)