Brief: Net Gaming Europe: Updated Financial Objectives With Increased Focus On Organic Revenue Growth

Acroud AB

11/09/2018 07:33

Sept 11 (Reuters) - Net Gaming Europe AB  NETG.ST :
    * UPDATED FINANCIAL OBJECTIVES WITH INCREASED FOCUS ON
ORGANIC
REVENUE GROWTH
    * TARGET IS TO, OVER TIME, INCREASE EARNINGS PER SHARE WITH
AN
AVERAGE OF AT LEAST 20% PER YEAR
    * ANNUAL GROWTH IN EARNINGS PER SHARE IS OVERALL FINANCIAL
OBJECTIVE
    * LONG-TERM TARGET IS ORGANIC REVENUE GROWTH IN RANGE OF 15
TO 25%
    * PREVIOUS FINANCIAL OBJECTIVE WAS TO SHOW FASTER ORGANIC
GROWTH
THAN COMPARABLE PLAYERS
    * LONG-TERM TARGET IS A MAXIMUM NET DEBT/EBITDA RATIO OF 2.0
OVER
TIME
    * PREVIOUS FINANCIAL OBJECTIVE FOR NET DEBT/EBITDA WAS A
MAXIMUM
OF 3.0 OVER TIME
    * DIVIDEND POLICY IS UNCHANGED
    * NET GAMING EUROPE - OVER NEXT FEW YEARS, CO WILL
PRIORITISE
LOWER NET DEBT, GOOD LIQUIDITY AND INTERNAL GROWTH INVESTMENTS
ABOVE DIVIDENDS
    * DIVIDEND POLICY IS UNCHANGED

Source text for Eikon:  ID:nWkr80Rkmd 
Further company coverage:  NETG.ST 

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