Brief: Fasadgruppen To No Longer Pay Annual Dividend

Fasadgruppen AB (publ)

11/02/2025 06:34

Feb 11 (Reuters) - Fasadgruppen Group AB (publ)  FG.ST :
    * PROPOSES NO DIVIDEND FOR 2024 (1.70), ADJUSTS CO'S POLICY
TO NO
LONGER PAY ANNUAL DIVIDEND
    * FOR 2025, WE ARE TAKING A NEW APPROACH WITH A NEW, FLATTER
ORGANISATION WITH MORE EFFICIENT GOVERNANCE
    * AIMS TO REDUCE NET DEBT TO ADJUSTED EBITDA RATIO, WHICH ON
PRO
FORMA BASIS AMOUNTS TO 3.3X, BACK BELOW TARGET OF 2.5X
    * TARGET OF 10 BILLION IN SALES WITH MARGIN OF AT LEAST 10
PERCENT
BY 2028 REMAINS
    * NORDIC MARKET IS EXPECTED TO CONTINUE TO HAVE  STABLE
UNDERLYING
RENOVATION REQUIREMENTS IN THE FUTURE

Source text:  ID:nMFN7st3zC 
Further company coverage:  FG.ST 

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