One of the strongest years on the stock market
Despite a weak economy, inflation, the budget crisis in Germany and a difficult geopolitical climate, it was one of the strongest years on the stock market. Overall, the stock markets were buoyed by falling energy prices, expectations of a more successful business year in 2023 and, in particular, a slower pace of interest rate hikes by central banks. Lower interest rates tend to make fixed-interest investments less attractive and push up demand for equities.
Only the fear of a renewed financial crisis put a damper on the market in the fall and led to temporary price declines. After a remarkable year-end rally, the DAX exceeded the 17,000-point mark for the first time in December 2023 and gained around 20 percent overall over the course of the year – more than the MDAX and the SDAX.
Source for this section: Tagesschau.de “Positives Ende eines guten Aktienjahres”; retrieved on January 2, 2024; 9:34 a.m.
Performance of BLG share relative to benchmarks
ISIN |
|
DE0005261606 |
|---|---|---|
WKN |
|
526160 |
Ticker symbol |
|
BLH |
Share capital |
|
EUR 9,984,000 |
Authorized capital |
|
3,840,000 shares |
Class |
|
No-par value registered shares |
Listed in |
|
Berlin, Hamburg, Frankfurt |
BLG share1 falls by 9.8 percent
After opening the 2023 financial year at EUR 10.47, the BLG share already hit its highest closing price of the year of EUR 11.70 on January 4, 2023. Despite the difficult global economic environment, the major German indices were almost all up on their opening price over the course of the year. The BLG share, by contrast, was unable to maintain this level and – after a prolonged period of sideways movement – lost value, particularly in the last quarter of the year. The lowest price of EUR 8.47 was recorded on November 24, 2023.
Due to the share’s low trading volume, even a small number of transactions can affect the price. The BLG share price fell overall by 9.8 percent in the reporting year and thus underperformed considerably relative to the major German indices (DAX plus around 20 percent, MDAX plus around 8 percent, SDAX plus around 17 percent). On the basis of the annual closing price of EUR 9.05 on December 29, 2023, market capitalization of the BLG share stood at EUR 34.8 million.
1 All market prices of BLG AG in this management report indicated as average on the listed stock exchanges
Dividend of EUR 0.45
Due to the higher year-on-year remuneration from BLG KG in the amount of EUR 884 thousand and substantially increased interest income, the annual financial statements of BLG AG showed net retained profits in accordance with HGB of EUR 1,728 thousand for the 2023 financial year, which was higher than the previous year (EUR 1,075 thousand). This amount included a transfer of EUR 229 thousand to other revenue reserves (previous year: withdrawal of EUR 110 thousand). According to German law, net retained profits form the basis for the dividend distribution.
On this basis, for the 2023 financial year, the Board of Management and the Supervisory Board, will propose to the Annual General Meeting on June 12, 2024 that that a dividend of EUR 0.45 per share (previous year: dividend of EUR 0.28 per share) be distributed on the dividend-eligible share capital of EUR 9,984,000.00, corresponding to 3,840,000 shares (registered shares). This represents a distribution payout of EUR 1,728 thousand and a distribution ratio of 88.3 percent. Based on the year-end share price of EUR 9.05 this results in a dividend yield of 5.0 percent for the 2023 financial year.
We will continue in the future to pursue the goal of an earnings-related and consistent dividend policy. Accordingly, we will allow our shareholders to participate appropriately in earnings in line with our business performance.
|
|
|
|
2023 |
|
2022 |
|
2021 |
|
2020 |
|
2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Earnings per share |
|
EUR |
|
0.51 |
|
0.25 |
|
0.30 |
|
0.29 |
|
0.38 |
Dividend per share |
|
EUR |
|
0.45 |
|
0.28 |
|
0.30 |
|
0.11 |
|
0.40 |
Dividend |
|
Percent |
|
17.3 |
|
10.8 |
|
11.5 |
|
4.2 |
|
15.4 |
Dividend yield |
|
Percent |
|
5.0 |
|
2.8 |
|
2.7 |
|
0.9 |
|
3.1 |
Share price at year-end |
|
EUR |
|
9.05 |
|
10.03 |
|
10.93 |
|
12.33 |
|
12.97 |
High |
|
EUR |
|
11.70 |
|
11.43 |
|
12.87 |
|
14.47 |
|
14.10 |
Low |
|
EUR |
|
8.47 |
|
9.17 |
|
10.83 |
|
11.70 |
|
11.93 |
Distribution amount |
|
EUR thousand |
|
1,728 |
|
1,075 |
|
1,152 |
|
422 |
|
1,536 |
Distribution ratio |
|
Percent |
|
88.3 |
|
111.4 |
|
99.8 |
|
37.8 |
|
105.6 |
Price/earnings ratio |
|
|
|
17.8 |
|
39.9 |
|
36.4 |
|
42.4 |
|
34.3 |
Market capitalization |
|
EUR million |
|
34.8 |
|
38.5 |
|
42.0 |
|
47.3 |
|
49.8 |
Shareholder structure of BLG AG as of December 31 2023
The share capital of BLG AG amounted to EUR 9,984,000.00 and was divided into 3,840,000 no-par value registered shares with voting rights (registered shares). Transfer of the shares requires the approval of the company in accordance with Section 5 of the Articles of Incorporation.
As of December 31, 2023, the Free Hanseatic City of Bremen (municipality) was the main shareholder of BLG AG with a share of 50.4 percent. Other large institutional investors are Finanzholding der Sparkasse in Bremen and Panta Re AG, Bremen, each with a share of 12.6 percent, and the Waldemar Koch Foundation, Bremen, with a share of 5.9 percent. A total of 18.5 percent of shares are in free float, corresponding to around 710,000 shares. Approximately 1.1 percent of the free float is held by institutional investors, with the remaining 17.4 percent held by private investors.