Nov 18 (Reuters) - ABB LTD ABBN.S:
INCREASING TARGET RANGE FOR ITS ANNUAL OPERATIONAL EBITA MARGIN TO 18-22 PERCENT (FROM 16-19 PERCENT)
ROCE TARGET IS BEING UPGRADED TO >20 PERCENT (>18 PERCENT PREVIOUSLY)
OBJECTIVE FOR BASIC EPS GROWTH THROUGH ECONOMIC CYCLE OF AT LEAST HIGH SINGLE-DIGIT REMAINS UNCHANGED
NOW AIMING FOR ABOVE 95 PERCENT FREE CASH FLOW CONVERSION TO NET INCOME (AROUND 100 PERCENT PREVIOUSLY)
REITERATES ITS CAPITAL ALLOCATION PRINCIPLES
AIMS AT PAYING A RISING SUSTAINABLE DIVIDEND PER SHARE OVER TIME
BOLT-ON ACQUISITIONS WILL BE EMBEDDED WITH A FOCUS ON SMALL TO MID-SIZE DEALS ON A CONTINUOUS BASIS, LARGER DEALS WOULD COME ON TOP OF NORMAL DEAL FLOW
REVENUE GROWTH TARGET OF 5-7 PERCENT AND AMBITION TO ADD 1-2 PERCENT OF REVENUES IN ACQUIRED GROWTH ARE CONFIRMED
Source text: ID:nEQZdyJDa
Further company coverage: ABBN.S
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))