Brief: Electra Gruppen Announces New Financial Goals And Dividend Policy

Elon AB (publ)

16/05/2022 11:51

May 16 (Reuters) - Electra Gruppen AB (publ)  ELEC.ST :
    * ELECTRA GRUPPEN AB DECIDES ON NEW FINANCIAL GOALS AND
DIVIDEND
POLICY
    * DIVIDEND POLICY: THE DIVIDEND SHALL AMOUNT TO AT LEAST 50
PERCENT OF THE YEAR RESULTS TAKING INTO ACCOUNT FINANCIAL
POSITION, CASH FLOW, AND FUTURE PROSPECTS
    * NEW FINANCIAL TARGETS: GROWTH TARGET:  ANNUAL ORGANIC NET
SALES
GROWTH OF 5 %
    * NET DEBT IN RELATION TO ADJUSTED EBITDA MUST BE LESS THAN
1.5
TIMES
    * NEW FINANCIAL TARGETS: PROFITABILITY TARGET: ADJUSTED
OPERATING
MARGIN  SHALL AMOUNT TO 3 % IN MEDIUM TERM

Source text for Eikon:  ID:nGNE6l16z8 
Further company coverage:  ELEC.ST 

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