Brief: Concentric Provides New Financial Target

Concentric AB

23/05/2023 06:37

May 23 (Reuters) - Concentric AB  CONIC.ST :
    * NEW FINANCIAL TARGET VALID OVER BUSINESS CYCLE: OPERATING
MARGIN
AT OR ABOVE 16%
    * CONCENTRIC REITERATES ITS ORDINARY DIVIDEND POLICY OF
RETURNING
33% OF NET INCOME TO SHAREHOLDERS
    * INTRODUCES A NEW POLICY OF NOT EXCEEDING NET DEBT TO
EBITDA
RATIO OF 2.5X
    * NEW FINANCIAL TARGET VALID OVER BUSSINESS CYCLE: RETURN ON
CAPITAL EMPLOYED AT OR ABOVE 20%
    * NEW FINANCIAL TARGET VALID OVER BUSINESS CYCLE: ELECTRICAL
SALES
COMPOUND ANNUAL GROWTH RATE OF 15% OVER BUSINESS CYCLE AND SALES
GROWTH OF 3% ABOVE MARKET INDICES FROM OUR BASE BUSINESS

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Further company coverage:  CONIC.ST 

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