Brief: Arjo Q3 Adjusted EBITDA Falls To SEK 420 Mln

Arjo AB (publ)

28/10/2022 06:06

Oct 28 (Reuters) - Arjo AB (publ)  ARJOb.ST :
    * ARJO PUBLISHES INTERIM REPORT FOR THE THIRD QUARTER 2022
AND
PRESENTS UPDATED FINANCIAL TARGETS FOR 2023-2025
    * Q3 NET SALES INCREASED TO SEK 2,519 M (2,247).
    * Q3 ADJUSTED EBITDA AMOUNTED TO SEK 420 M (524).
    * Q3 ADJUSTED OPERATING PROFIT AMOUNTED TO SEK 147 M (280).
    * Q3 PROFIT AFTER FINANCIAL ITEMS AMOUNTED TO SEK 115 M
(252).
    * CHANGED OUTLOOK: BASED ON CURRENT SITUATION, ORGANIC NET
SALES
GROWTH FOR FULL YEAR 2022 IS EXPECTED AT AROUND 0%.
    * EXPECT CONTINUED GROWTH IN YEARS AHEAD AND A LONG-TERM
IMPROVEMENT IN PROFITABILITY
    * CHALLENGES IN GLOBAL BUSINESS ENVIRONMENT HAS PUSHED
PROFITABILITY TARGET FORWARD IN TIME AND ALSO ADDED UNCERTAINTY
TO SHORT-TERM GROWTH OUTLOOK
    *  UPDATED FINANCIAL TARGETS FOR 2023-2025 ARE: * ORGANIC
SALES
GROWTH OF 3-5% ANNUALLY
    * UPDATED FINANCIAL TARGETS FOR 2023-2025 ARE: ADJUSTED
EBITDA
MARGIN OF APPROXIMATELY 23% FROM FULL-YEAR 2025
    * UPDATED FINANCIAL TARGETS FOR 2023-2025 ARE: ANNUAL CASH
CONVERSION OF MORE THAN 80%
    * AIM IS FOR GROUP'S DIVIDEND TO CORRESPOND TO 30-60% OF NET
PROFIT AFTER TAX

Source text for Eikon:  ID:nWkrJDxy9 
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