Brief: Efecte Updates Strategy, Sets Long-Term Targets

Efecte Oyj

09/03/2022 14:16

March 9 (Reuters) - Efecte Oyj  EFECTE.HE :
    * UPDATES ITS STRATEGY TO BECOME THE LEADING EUROPEAN ALTERNATIVE IN SERVICE MANAGEMENT
    * WE SET ALSO NEW LONG-TERM FINANCIAL TARGETS THAT REFLECT OUR HIGH AMBITION AND MARKET
OPPORTUNITY WE SEE
    * GUIDANCE FOR 2022 REMAINS UNCHANGED
    * LONG-TERM FINANCIAL TARGETS: BY 2025, GROW ORGANICALLY TO 35 MEUR TOTAL NET SALES,
MAINTAIN AN
AVERAGE SAAS GROWTH OF OVER 20% AND REACH A DOUBLE-DIGIT EBITDA MARGIN.
    * LONG-TERM FINANCIAL TARGETS : THROUGH ORGANIC GROWTH AND ACQUISITIONS, BECOME EVENTUALLY
LARGEST
EUROPEAN SERVICE MANAGEMENT VENDOR WITH TOTAL NET SALES OVER 100 MEUR AND EBITDA MARGIN
EXCEEDING 25%.
    * WE EXPECT MARKET OPPORTUNITY TO FURTHER GROW AS ORGANIZATIONS ARE EMBRACING MEGATRENDS OF
DIGITALIZATION AND SERVITIZATION (EVERYTHING AS A SERVICE).
    * EFECTE’S STRATEGY FOR 2022-2025: WE ARE GOING TO INVEST IN GROWTH MORE THAN OUR PREVIOUS
STRATEGY INDICATED.

Source text for Eikon:  ID:nGNE4Cb4y4 
Further company coverage:  EFECTE.HE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))