Brief: Enad Global 7 Presents New Mid-Term Financial Targets, Strategic Direction

Enad Global 7 AB (publ)

20/09/2023 08:06

Sept 20 (Reuters) - Enad Global 7 AB (publ)  EG7.ST :
    * ENAD GLOBAL 7 PRESENTS NEW MID-TERM FINANCIAL TARGETS AND
STRATEGIC DIRECTION
    * TARGETING NET REVENUE OF SEK 3 BILLION BY 2026
    * TARGETING ADJUSTED EBITDA OF SEK 1 BILLION BY 2026
    * CAGR OF 16 PRECENT FOR NET REVENUE AND 28 PERCENT FOR
EBITDA
FROM 2023-2026
    * FINANCIAL TARGETS ASSUME NO M&A NOR EXTERNAL FUNDING
    * BOARD OF DIRECTORS ARE PROPOSING A SHAREHOLDER CAPITAL
RETURN
PROGRAM
    * THAT INCLUDES DIVIDEND AND A STOCK BUYBACK PROGRAM, AIMING
TO
START PROGRAM IN BEGINNING OF 2024

Source text for Eikon:  ID:nMFNc1CVpT 
Further company coverage:  EG7.ST 

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