Brief: Also Holding Operating EBITDA Margin 2.3% (+15%)

Also Holding AG

20/02/2024 06:05

Feb 20 (Reuters) - ALSO HOLDING AG  ALSN.S :
    * PERFORMS IN A CHALLENGING ENVIRONMENT
    * PROPOSED DIVIDEND CHF 4.80 (+4.3%)
    * TARGETS INCREASED FOR 2024: ROCE >25 PER CENT (+25%)
    * 2026-2028: EBITDA 350-450 MILLION EUROS, ROCE >30 PERCENT
(+50%)
    * A DECLINE IN SALES OF AROUND 1.4 BILLION EUROS MEANT THAT
EBITDA
WAS SLIGHTLY OUTSIDE TARGET CORRIDOR (265 TO 305 MILLION EUROS)
    * AT 257 MILLION EUROS (REPORTED: 247 MILLION EUROS),
PREVIOUS
YEAR'S OPERATING RESULT WAS SLIGHTLY EXCEEDED
    * OPERATING EBITDA MARGIN 2.3 PER CENT (+15%)
    * A POSITIVE EFFECT COULD BE ACHIEVED BY ACTIVE MANAGEMENT
OF NET
WORKING CAPITAL, LEADING TO AN OPTIMISATION OF FREE CASH FLOW
(347 MILLION EUROS, +339%) AND ROCE

Source text for Eikon:  ID:nEQ4KLJDta 
Further company coverage:  ALSN.S 

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