Brief: Bauer Aktiengesellschaft Presents New Medium-Term Goals

Bauer AG

12/05/2021 16:36

May 12 (Reuters) - BAUER AG  B5AG.DE :
    * PRESENTS NEW MEDIUM-TERM GOALS DURING CAPITAL MARKET DAY
    * IN MEDIUM TERM, TARGET IS AN AVERAGE ANNUAL GROWTH IN
TOTAL
GROUP REVENUES OF BETWEEN 3 AND 5% (PREVIOUSLY: YEARLY GROWTH OF
3 TO 8%)
    * IN MEDIUM TERM, TARGET RANGES FOR EBIT MARGIN OF GROUP (7
TO 9%)
    * EQUITY RATIO, SUPPORTED BY CAPITAL INCREASE AND
SUSTAINABLE
POSITIVE EARNINGS, SHOULD BE INCREASED TO GREATER THAN 30%
(DECEMBER 31, 2020: 23.7%)
    * LIABILITIES TO BANKS SHOULD BE REDUCED TO UNDER EUR 300
MILLION,
AND A RATIO OF NET DEBT TO EBITDA OF LESS THAN 2.5 SHOULD BE
ACHIEVED
    * 25 TO 30% OF GROUPS' EARNINGS AFTER TAXES SHOULD
DISTRIBUTED TO
SHAREHOLDERS AS WAS PREVIOUSLY CASE.

Source text for Eikon:  ID:nEQ8zHZvza 
Further company coverage:  B5AG.DE 

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