DGAP-Adhoc: Corestate Capital Holding S.A.: CORESTATE terminates employment of Michael Bütter

CORESTATE terminates employment of Michael Bütter

Corestate Capital Holding S.A. terminates the employment of Michael Bütter and revokes the employment contract by the end of the year.

Until further notice, CEO's responsibilities will be assumed by the two Board Members Lars Schnidrig and Thomas Landschreiber. Lars Schnidrig temporarily assumes the function of the Chairman of the Management Board.

The separation of Dr. Bütter neither has any conjunction with the operational performance nor with the strategic orientation of the company. The guidance, raised in November 2018, and the indication for the dividend for fiscal year 2018 remain unchanged. Thus, the company expects aggregated revenues¹ of EUR 270 to 280 million, adjusted EBITDA¹ of EUR 160 to 170 million and adjusted net income¹ of EUR 125 to 135 million. It is considered to propose a dividend of EUR 2.50 per share.

¹ Please see for further details on our performance indicators on page 2 of our Q3 statement 2018

IR Contact
Dr. Kai Gregor Klinger
Head of Investor Relations and Capital Markets
T: +49 69 3535630106 / M: +49 152 22755400
ir@corestate-capital.com