Brief: Cint: New Strategy, New Financial Targets, Trading Update For Q4 2024

Cint AB (publ)

27/01/2025 07:12

Jan 27 (Reuters) - Cint Group AB (publ)  CINT.ST :
    * CINT ANNOUNCES NEW STRATEGY, NEW FINANCIAL TARGETS AND A
TRADING
UPDATE FOR Q4 2024
    * PRELIMINARY FINANCIAL INFORMATION FOR Q4: NET SALES OF EUR
45.4
MILLION COMPARED TO LAST YEAR'S PRO FORMA OF EUR 46.7 MILLION
    * PRELIMINARY FINANCIAL INFORMATION FOR Q4 2024: EBITA OF
EUR 12.7
MILLION COMPARED TO LAST YEAR OF EUR 12.2 MILLION
    * IN CONJUNCTION WITH NEW STRATEGY, CINT'S BOARD OF
DIRECTORS HAS
ADOPTED NEW FINANCIAL TARGETS
    * THE NEW FINANCIAL TARGETS: SALES GROWTH TARGET: CINT AIMS
TO
ACHIEVE A MEDIUM TERM ANNUAL ORGANIC SALES GROWTH OF >10 PER
CENT
    * THE NEW FINANCIAL TARGETS: PROFITABILITY TARGET: CINT AIMS
TO
ACHIEVE A MEDIUM TERM EBITA MARGIN OF 25%
    * THE NEW FINANCIAL TARGETS: LEVERAGE TARGET: TARGET NET
DEBT /
EBITDA BELOW 2.5X
    * THE NEW FINANCIAL TARGETS CINT AIMS TO REINVEST CASH FLOWS
INTO
GROWTH INITIATIVES AND AS SUCH WILL NOT PAY ANNUAL DIVIDENDS IN
SHORT-TERM

Source text:  ID:nMFN6R8Mnb 
Further company coverage:  CINT.ST 

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