Brief: Apetit targets profitability improvement for 2016-2018
01/03/2016 06:30
March 1 (Reuters) - Apetit Oyj APETI.HE :
* Targets for 2016-2018 are profitability improvement and a leadership role in
vegetable-based food solutions
* Renews segment structure
* Says new business segments are Food Solutions, Oilseed Products, Grain Trade and Seafood
* Says new segment structure will be adopted as of Q1 2016
* Food Solutions segment goal is to reach 20 pct organic net sales growth by end of 2018
and 7.5 pct EBITDA margin in 2018
* Oilseed Products target is to achieve 7.5 pct EBITDA margin in 2018
* Grain Trade segment goal is to increase sales volume to over 1 million tonnes per year in
2018 and achieve ROCE percentage of 14.0
* Says Seafood segment does not have a defined strategic growth target, goal is positive
cash flow in the strategy period 2016-2018 (EBITDA minus investment)
* Says at group level financial goals for 2018 is EBITDA at least 20 million euros per
annum
* Says profit guidance issued on Feb. 17 for the year 2016 remains unchanged
* Says will distribute in dividends at least 40 per cent of profit for financial year but
not less than 0.70 euro per share
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