Brief: Bergman & Beving Strategic Review And New Financial Targets

Bergman & Beving AB

15/11/2023 14:12

Nov 15 (Reuters) - Bergman & Beving AB  BERGb.ST :
    * STRATEGIC REVIEW AND NEW FINANCIAL TARGETS
    * PREVIOUS FINANCIAL TARGETS REMAIN UNCHANGED
    * PRIORITISES PROFIT GROWTH OVER VOLUME GROWTH, WITH A
TARGET OF
EBIT GROWTH OF AT LEAST 15 PERCENT OVER A BUSINESS CYCLE
    * SUPPLEMENTARY NEW TARGETS INCLUDE ACHIEVING EBIT MARGIN
OVER 10%
NO LATER THAN 2025/2026 AND P/WC OF AT LEAST 45% NO LATER THAN
2026/2027
    * PART OF PROFIT GROWTH TO COME FROM ACQUISITIONS WITH
COMBINED
ANNUAL EARNINGS OF SEK 50-80 MILLION

Source text for Eikon:  ID:nMFN4TrD2X 
Further company coverage:  BERGb.ST 

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