Brief: Doro updates on strategies and financial targets

Doro AB

14/11/2017 11:30

Nov 14 (Reuters) - DORO AB  DORO.ST : 
    * DORO UPDATES ON STRATEGIES AND FINANCIAL TARGETS  
    * TARGET IS AVERAGE ANNUAL NET SALES GROWTH OF AT LEAST 10% 
(INCL. POTENTIAL M&A) 
    * TARGET IS  DIVIDEND TO SHAREHOLDERS CORRESPONDING TO 33% 
OF NET 
PROFIT 
    * NEW FINANCIAL TARGET: LONG TERM OPERATING PROFIT (EBIT) 
MARGIN 
OF AT LEAST 8% 
    * NEW FINANCIAL TARGET:  NET DEBT IN RELATION TO EBITDA 
SHOULD 
NOT BE GREATER THAN 2.5X 
    * NEW FINANCIAL TARGET: LONG TERM SHARE OF TOTAL REVENUES 
COMING 
FROM SERVICES OF AT LEAST 30% 
 
Source text for Eikon:  ID:nSSN7dmV  
Further company coverage:  DORO.ST  
 
 (Gdynia Newsroom) 
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