Brief: Bonava Revises Financial Targets

Bonava AB (publ)

02/02/2023 06:17

Feb 2 (Reuters) - Bonava AB (publ)  BONAVb.ST :
    * BONAVA REVISES ITS FINANCIAL TARGETS
    * EARNINGS BEFORE TAX AND NUMBER OF HOMES SOLD ARE NO LONGER
DEEMED TO BE RELEVANT INDICATORS
    * OPERATING MARGIN WILL AMOUNT TO AT LEAST 10 PER CENT ON AN
ANNUAL BASIS FROM 2026
    * STRATEGY STANDS FIRM, BUT EXTERNAL CONDITIONS HAVE CHANGED
SIGNIFICANTLY
    * NET DEBT/EQUITY RATIO WILL NOT EXCEED 1.0X
    * OTHER FOUR STRATEGIC TARGETS REMAIN UNCHANGED
    * IT IS VERY DIFFICULT TO MAKE MULTI-YEAR VOLUME-BASED
FORECASTS
THAT SERVED AS FOUNDATION OF PREVIOUS TARGETS

Source text for Eikon:  ID:nWkr1Wp6TF 
Further company coverage:  BONAVb.ST 
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