Brief: Aspo Publishes Its Focused Strategy, New Financial Targets

Aspo Oyj

01/12/2021 06:56

Dec 1 (Reuters) - Aspo Plc  ASPO.HE :
    * ASPO CAPITAL MARKETS DAY 2021: ASPO PUBLISHES ITS FOCUSED
STRATEGY AND NEW FINANCIAL TARGETS – AIMS FOR GROWTH AND HIGHER
PROFITABILITY
    * NEW LONG-TERM FINANCIAL TARGETS ARE: OPERATING PROFIT OF 8
PER
CENT (PREVIOUSLY 6%)
    * NEW LONG-TERM FINANCIAL TARGETS ARE: NET SALES GROWTH
5-10% PER
YEAR (NEW TARGET)
    * OUR NEW LONG-TERM FINANCIAL TARGETS ARE: RETURN ON EQUITY
OVER
20%
    * DIVIDEND POLICY REMAINS UNCHANGED.
    * OUR NEW LONG-TERM FINANCIAL TARGETS ARE: LONG-TERM GEARING
BELOW
130%
    * GUIDANCE FOR 2021 UNCHANGED
    * STRATEGIC OPTIONS ARE BEING ASSESSED FOR KAUKO BUSINESS
AND
VULGANUS OY, WHICH IS PART OF LEIPURIN
    * LEIPURIN AIMS TO EXPAND BAKERY BUSINESS AND STRENGTHEN ITS
MARKET POSITION IN FOOD INDUSTRY

Source text for Eikon:  ID:nGNE2GcFLS 
Further company coverage:  ASPO.HE 

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