Brief: Santa Fe Group announces 2020 strategy
22/09/2015 10:00
Sept 22 (Reuters) - Santa Fe Group A/S SFGR.CO :
* Announces 2020 strategy
* Says for the period 2015-20, Santa Fe expects to generate
organic growth at an average annual rate of 6-8 pct in local
currencies, excluding any acquisitions
* Says aims to tackle current issues in group's business
area, Moving Services, and ensure continual double-digit growth
in sale of higher margin relocation services in period leading
up to 2020
* Says measures have the potential to lift moving services
earnings by about 12 million euros in the period from 2015 to
2020
* By the end of 2020, Santa Fe expects to achieve an EBITDA
margin of about 7 pct, against an expected margin of about 3 pct
in 2015
* Guidance for 2015 is unchanged
Source text for Eikon: ID:nCSE606y
Further company coverage: SFGR.CO
(Gdynia Newsroom)
((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))