Brief: Clas Ohlson Presents Adjusted Financial Targets

Clas Ohlson AB

08/06/2022 06:10

June 8 (Reuters) - Clas Ohlson AB  CLASb.ST :
    * CLAS OHLSON PRESENTS ADJUSTED FINANCIAL TARGETS AT CAPITAL
MARKETS DAY
    * UPDATED TARGET SALES: 5% CLAS OHLSON TARGETS TO ACHIEVE AN
ANNUAL ORGANIC SALES GROWTH OF 5% PER YEAR
    * UPDATED TARGET DIVIDEND POLICY: >50%DIVIDENDS ARE TO
COMPRISE AT
LEAST 50% OF EARNINGS PER SHARE AFTER TAX, WITH CONSIDERATION
FOR COMPANY'S FINANCIAL POSITION
    * UPDATED OPERATING MARGIN TARGET: 7-9%, COMPANY IS
TARGETING A
REPORTED OPERATING MARGIN* OF 7-9% PER YEAR* I.E INCLUDING
IFRS16

Source text for Eikon:  ID:nWkr3PNfsW 
Further company coverage:  CLASb.ST 

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