Brief: Arjo Presents Updated Strategy And New Financial Targets For 2021-2023

Arjo AB (publ)

02/11/2020 06:35

Nov 2 (Reuters) - Arjo AB (publ)  ARJOb.ST :
    * ARJO PRESENTS UPDATED STRATEGY FOR CONTINUED PROFITABLE
GROWTH
    * UPDATED STRATEGY AND NEW FINANCIAL TARGETS FOR 2021-2023
    * FINANCIAL TARGETS INCLUDE ANNUAL ORGANIC GROWTH OF 3-5%
COMBINED
WITH AN ADJUSTED EBITDA MARGIN OF APPROXIMATELY 23% TOWARD END
OF PERIOD
    * TARGETS ANNUAL CASH CONVERSION OF MORE THAN 80%
    * OVER NEXT FEW YEARS, ARJO WILL CONTINUE TO IMPROVE GROUP
EFFICIENCY BY FOCUSING ON, FOR EXAMPLE, PROCUREMENT AND
LOGISTICS
    * IS ALSO FOCUSING ON CONTINUED GEOGRAPHIC EXPANSION, AND IS
INCREASING INVESTMENTS IN DEVELOPING NEW TECHNOLOGIES
    * FOCUS IN 2021 WILL BE ON LAUNCHING A PROGRAM FOR
PREVENTING
PRESSURE INJURIES
    * TARGET 2021-2023: AIM IS FOR GROUP'S DIVIDEND TO
CORRESPOND TO
30-60% OF NET PROFIT AFTER TAX

Source text for Eikon:  ID:nWkr7Gjn3F 
Further company coverage:  ARJOb.ST 

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