Brief: Balco Targets Annual EPS Growth At 20%

Balco AB

10/01/2022 08:05

Jan 10 (Reuters) - Balco Group AB  BALCO.ST :
    * BALCO GROUP UPDATES ITS FINANCIAL TARGETS
    * BOARD OF DIRECTORS HAS DECIDED TO UPDATE GROUP'S FINANCIAL
TARGETS
    * A NEW TARGET FOR EARNINGS PER SHARE REPLACES PREVIOUS
MARGIN
TARGET, DIVIDEND POLICY IS ADJUSTED AND A NEW SUSTAINABILITY
TARGET LINKED TO SALE OF ENERGY-SAVING MEASURES IS INTRODUCED
    * TARGETS FOR GROWTH AND INTEREST-BEARING NET DEBT REMAIN AT
SAME
LEVEL AS BEFORE.
    * NEW TARGET: EARNINGS PER SHARE SHALL GROW BY 20 PERCENT
PER YEAR
    * BALCO GROUP'S FINANCIAL TARGET FOR OPERATING MARGIN (EBIT)
IS
REPLACED BY EARNINGS PER SHARE GROWING BY 20 PERCENT PER YEAR.
    * DIVIDEND POLICY IS ADJUSTED FROM AT LEAST HALF OF PROFIT
AFTER
TAX TO 30-50 PERCENT OF PROFIT AFTER TAX
    * NEW SUSTAINABILITY TARGET: MORE THAN 30 PERCENT OF GROUP'S
SALES
SHALL BE WITHIN EU TAXONOMY AND PROVIDE AT LEAST 30 PERCENT
ENERGY SAVINGS TO OUR CUSTOMERS
    * BALCO'S GOAL IS TO COMPLETE ACQUISITIONS ANNUALLY

Source text for Eikon:  ID:nWkr25Ny1H 
Further company coverage:  BALCO.ST 

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