Brief: ForFarmers Eyes Consolidated ROACE Of At Least 10% By 2025

ForFarmers NV

17/11/2022 06:06

Nov 17 (Reuters) - FORFARMERS NV  FFARM.AS :
    * FORFARMERS ANNOUNCES REVISED STRATEGY 2025
    * FORFARMERS AIMS FOR A CONSOLIDATED RETURN ON AVERAGE
CAPITAL
EMPLOYED (ROACE) OF AT LEAST 10% BASED ON UNDERLYING OPERATING
PROFIT (EBIT) BY 2025
    * CURRENT MARKET CONDITIONS CALL FOR MORE CONSOLIDATION AND
COOPERATION IN SUPPLY CHAIN
    * THE DIVIDEND POLICY WILL REMAIN UNCHANGED AND IS AIMED AT
DISTRIBUTING A CASH DIVIDEND OF BETWEEN 40% AND 60% OF
UNDERLYING NET PROFIT
    * COMPANY WILL REFRAIN FROM MAKING STATEMENTS ABOUT (ANNUAL)
TARGETS FOR THE DEVELOPMENT OF UNDERLYING EBITDA IN VIEW OF THE
CHANGING MARKETS, IN WHICH IMPORTANT POLICY DECISIONS ARE STILL
FORTHCOMING, AS WELL AS THE CONTINUING GEOPOLITICAL AND
MACROECONOMIC UNCERTAINTIES
    * WILL FOCUS MORE EMPHATICALLY ON SUSTAINABLE SOLUTIONS
WHICH
ADDRESS WIDER SOCIETAL ISSUES SUCH AS USE OF ALTERNATIVE RAW
MATERIALS, CIRCULARITY AND FURTHER REDUCING NITROGEN AND OTHER
EMISSIONS
    * WILL INTENSIFY ITS EFFORTS AIMED AT COOPERATION BETWEEN
SUPPLY
CHAIN PARTIES IN VARIOUS MARKETS
    * FORFARMERS AIMS FOR A CONSOLIDATED RETURN ON AVERAGE
CAPITAL
EMPLOYED (ROACE) OF AT LEAST 10% BASED ON UNDERLYING OPERATING
PROFIT (EBIT) BY 2025
    * WILL REFRAIN FROM MAKING STATEMENTS ABOUT (ANNUAL) TARGETS
FOR
DEVELOPMENT OF UNDERLYING EBITDA IN VIEW OF CHANGING MARKETS

Source text for Eikon:  ID:nGNE8Zc33q 
Further company coverage:  FFARM.AS 
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