Brief: Enento Group Updates Its Strategy, Long-Term Financial Targets

Enento Oyj

20/07/2023 08:17

July 20 (Reuters) - Enento Group Oyj  ENENTO.HE :
    * INSIDE INFORMATION: ENENTO GROUP UPDATES ITS STRATEGY AND
LONG-TERM FINANCIAL TARGETS
    * LONG-TERM FINANCIAL TARGETS AIMING AT PROFITABLE GROWTH
    * FINANCIAL TARGET FOR STRATEGY PERIOD: ANNUAL AVERAGE NET
SALES
GROWTH OF 5-10% FOR PERIOD 2024-2026
    * FINANCIAL TARGET FOR STRATEGY PERIOD: ADJUSTED EBITDA
MARGIN
AROUND 40% IN 2026
    * FINANCIAL TARGET FOR STRATEGY PERIOD: NET DEBT TO ADJUSTED
EBITDA RATIO BELOW 3X
    * FINANCIAL TARGET FOR STRATEGY PERIOD: SHARE OF NEW
SERVICES FROM
NET SALES AROUND 10% IN 2026
    * ADDITIONALLY, COMPANY AIMS TO BE CARBON NEUTRAL BY END OF
2023
AND HAVE NET ZERO EMISSIONS BY END OF 2030
    * BOD OF  OF ENENTO GROUP HAS APPROVED UPDATED STRATEGY FOR
PERIOD
2023-2026 AND CONFIRMED COMPANY'S LONG-TERM FINANCIAL TARGETS

Source text for Eikon:  ID:nGNE9FBxVZ 
Further company coverage:  ENENTO.HE 

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