Brief: Bonava Revises Financial Targets

Bonava AB (publ)

01/02/2024 06:19

Feb 1 (Reuters) - Bonava AB (publ)  BONAVb.ST :
    * BONAVA REVISES ITS FINANCIAL TARGETS
    * TARGET THAT OPERATING MARGIN IS TO AMOUNT TO AT LEAST 10
PER
CENT ON AN ANNUAL BASIS FROM 2026 STANDS FIRM
    * TARGET THAT NET DEBT/EQUITY RATIO IS NOT TO EXCEED 1.0X.
WILL BE
REMOVED
    * NEW TARGET HAS BEEN INTRODUCED STATING THAT RETURN ON
EQUITY IS
TO BE AT LEAST 15 PER CENT OVER TIME
    * REASON FOR UPDATING OUR FINANCIAL TARGETS IS TO MORE
CLEARLY
STEER OPERATIONS TOWARDS CREATING HIGHER RETURNS
    * THESE ARE LONG-TERM TARGETS WE ARE AIMING FOR, WHILE THEY
WILL
BE DIFFICULT TO ACHIEVE IN SHORT TERM

Source text for Eikon:  ID:nWkr8RNFjJ 
Further company coverage:  BONAVb.ST 

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