DAX clearly up, MDAX down
The German DAX index closed an eventful year up by around 18.8 percent. The drivers behind this change included continuous interest rate cuts pursued by major central banks and the palpable hype surrounding artificial intelligence (AI). Nevertheless, the picture on the stock market was not consistent across 2024. The MDAX failed to keep up with the benchmark DAX index, which has an international focus. Companies on the industry and export-heavy index took more of a hit as a result of the weak economy than the larger corporations on the DAX, which primarily generate money overseas.
The DAX closed the 2024 trading year at 19,909 points, only just missing the 20,000 point mark on its final trading day. The MDAX ended the year at 25,589 points.
Source for this section: Tagesschau.de “End of a successful year on the stock market”; published on December 30, 2024; 14:38 p.m.; retrieved on January 21, 2025; 14:34 p.m.
Performance of BLG share relative to benchmarks
ISIN |
|
DE0005261606 |
|---|---|---|
WKN |
|
526160 |
Ticker symbol |
|
BLH |
Capital stock |
|
EUR 9,984,000 |
Authorized capital |
|
3,840,000 shares |
Class |
|
No-par value registered shares |
Listed in |
|
Berlin, Hamburg, Frankfurt |
BLG share1 rises by 7.4 percent
After opening the 2024 financial year at EUR 9.25, the BLG share hit its lowest closing price of the year by as early as January 22, 2024, at EUR 8.72. Despite the challenging global climate, the largest German index, the DAX, only remained above its opening level from February onward. The BLG share rose sharply in July and August after moving laterally in the first half of the year. The highest closing price was recorded on July 26, 2024, at EUR 12.50. This high level had largely returned to normal by the end of the year.
Due to the share’s low trading volume, even a small number of transactions can affect the price. The BLG share price fell by a total of 7.4 percent in the reporting year, under-performing considerably relative to the DAX (+18.8 percent) but outperforming the MDAX (-5.7 percent) and SDAX (-2.2 percent). On the basis of the annual closing price of EUR 9.72 on December 30, 2024, market capitalization of the BLG share stood at EUR 37.3 million.
1 All market prices of BLG AG in this management report are given as the average on the listed stock exchanges
Dividend of EUR 0.50
Due to the increase in year-on-year remuneration from BLG KG in the amount of EUR 2,500 thousand and higher interest income, the annual financial statements of BLG AG showed net retained profits in accordance with HGB of EUR 1,920 thousand for the 2024 financial year, higher than the previous year (EUR 1,728 thousand). This amount included a transfer of EUR 1,679 thousand to other retained earnings (previous year: EUR 229 thousand). According to German law, net retained profits form the basis for the distribution of a dividend.
On this basis, for the 2024 financial year, the Board of Management and the Supervisory Board, will propose to the Annual General Meeting on June 11, 2025 that a dividend of EUR 0.50 per share (previous year: dividend of EUR 0.45 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 1,920 thousand and a distribution ratio of 53.4 percent. Based on the year-end share price of EUR 9.72, this gives a dividend yield of 5.1 percent for the 2024 financial year.
In the future, we will continue to pursue the goal of an earnings-related and consistent dividend policy Accordingly, we will allow our shareholders to participate in earnings to a reasonable extent according to the performance of the business.
|
|
|
|
2024 |
|
2023 |
|
2022 |
|
2021 |
|
2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Earnings per share |
|
EUR |
|
0.94 |
|
0.51 |
|
0.25 |
|
0.30 |
|
0.29 |
Dividend per share |
|
EUR |
|
0.50 |
|
0.45 |
|
0.28 |
|
0.30 |
|
0.11 |
Dividend |
|
Percent |
|
19.2 |
|
17.3 |
|
10.8 |
|
11.5 |
|
4.2 |
Dividend yield |
|
Percent |
|
5.1 |
|
5.0 |
|
2.8 |
|
2.7 |
|
0.9 |
Share price at year-end |
|
EUR |
|
9.72 |
|
9.05 |
|
10.03 |
|
10.93 |
|
12.33 |
High |
|
EUR |
|
12.50 |
|
11.70 |
|
11.43 |
|
12.87 |
|
14.47 |
Low |
|
EUR |
|
8.72 |
|
8.47 |
|
9.17 |
|
10.83 |
|
11.70 |
Distribution amount |
|
EUR thousand |
|
1,920 |
|
1,728 |
|
1,075 |
|
1,152 |
|
422 |
Distribution ratio |
|
Percent |
|
53.3 |
|
88.3 |
|
111.4 |
|
99.8 |
|
37.8 |
Price/earnings ratio |
|
|
|
10.4 |
|
17.8 |
|
39.9 |
|
36.4 |
|
42.4 |
Market capitalization |
|
EUR million |
|
37.3 |
|
34.8 |
|
38.5 |
|
42.0 |
|
47.3 |
Shareholder structure of BLG AG as of December 31, 2024
The capital stock of BLG AG amounts to EUR 9,984,000.00 and is divided into 3,840,000 no-par value registered shares with voting rights (registered shares). Any transfer of shares requires the approval of the company in accordance with Section 5 of the Articles of Incorporation.
As of December 31, 2024, the Free Hanseatic City of Bremen (municipality) was the main shareholder in BLG AG with a 50.4 percent stake. Other large institutional investors include Finanzholding der Sparkasse in Bremen and Panta Re AG, Bremen, with a stake of 12.6 percent each, and the Waldemar Koch Foundation, Bremen, with a stake 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 is held by institutional investors, with the remaining 17.4 percent held by private investors.