Brief: Dustin Sets Dividend Payout Target Of 70% Of Net Profit

Dustin AB

28/11/2019 07:35

Nov 28 (Reuters) - Dustin Group AB  DUST.ST :
    * DUSTIN CAPITAL MARKETS DAY 2019
    * PROFITABILITY WILL, OVER TIME, PRIMARILY BE STRENGTHENED
    * EXPECTS INITIATIVES WITHIN MANAGED AND CLOUD-BASED
SERVICES TO
GENERATE RECURRING REVENUES OF AROUND SEK 1.5 BILLION IN 2021/22
    * EXPECTS ITS INITIATIVES WITHIN MANAGED AND CLOUD-BASED
SERVICES
TO GENERATE RECURRING REVENUES OF AROUND SEK 1.5 BILLION IN
2021/22 FISCAL YEAR
    * DUSTIN GROUP - OVERALL AMBITION IS THAT DUSTIN, IN LINE
WITH
COMPANY'S UNCHANGED FINANCIAL TARGETS, WILL CONTINUE TO DRIVE
ORGANIC GROWTH OF 8 PERCENT OVER A CYCLE, SUPPLEMENTED WITH 3-5
ACQUISITIONS PER YEAR, AND REACH AN ADJUSTED EBITA MARGIN WITHIN
TARGET RANGE OF 5-6 PERCENT
    * INTENDS TO EXPAND THROUGH ACQUISITIONS.
    * ACQUISITION STRATEGY TOGETHER WITH COMPANY'S GOOD
FINANCIAL
POSITION AND LOW CAPITAL REQUIREMENTS ARE HIGHLIGHTED
    * TARGET IS TO ACHIEVE AVERAGE ANNUAL ORGANIC GROWTH OF 8
PER CENT
OVER A BUSINESS CYCLE
    * PRESENTS AN UPDATED APPROXIMATION FOR PRIVATE LABEL
PRODUCTS TO
REACH A TOTAL ANNUAL PROFIT CONTRIBUTION OF AROUND SEK 90
MILLION IN THREE YEARS
    * INTENDS TO EXPAND THROUGH ACQUISITIONS
    * TARGET IS TO INCREASE ADJUSTED EBITA MARGIN OVER TIME, AND
TO
ACHIEVE AN ADJUSTED EBITA MARGIN OF BETWEEN 5 AND 6 PER CENT IN
MEDIUM TERM
    * NET DEBT TARGET IS A 2.0-3.0 MULTIPLE OF ADJUSTED EBITDA
FOR
PAST 12-MONTH PERIOD
    * DIVIDEND PAYOUT TARGET IS 70 PER CENT OF NET PROFIT
    * DIVIDEND POLICY - DUSTIN'S DIVIDEND PAYOUT TARGET IS 70
PER CENT
OF NET PROFIT

Source text for Eikon:  ID:nWkr9bkfF7 
Further company coverage:  DUST.ST 

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