Avolta Announces CHF 200 Million Share Buyback

Avolta AG has announced the initiation of a share buyback program, aiming to buy back up to CHF 200 million worth of registered shares. This move is part of Avolta's reinforced capital allocation policy, aligned with their Destination 2027 strategy. The buyback is scheduled to commence before the end of January 2025 and conclude by December 31, 2025. The repurchased shares will be cancelled, enhancing shareholder value by increasing the company's per-share metrics.

CEO Xavier Rossinyol emphasized that the program mirrors Avolta's robust financial standing and future cash generation confidence. The company is committed to reinvesting in business growth, reducing leverage, and maintaining a yearly dividend policy. Additionally, Avolta aims to return excess cash to shareholders over the medium term.