Brief: Xavitech Appoints New Acting CEO And CFO, Sets New Targets

Frontwalker AB (publ)

01/02/2021 10:37

Feb 1 (Reuters) - Xavitech AB  XAVIb.NGM :
    * TORBJÖRN NILSSON WILL BE APPOINTED AS NEW ACTING CEO AND
CFO
    * NEW FINANCIAL TARGET: TO REACH NET SALES OF ABOUT SEK 166
MILLION AT THE END OF 2023
    * NILSSON WILL TAKE OVER FROM FEB 1, 2021
    * NEW FINANCIAL TARGET: TO REACH EARNINGS OF ABOUT SEK 11
MILLION
AT THE END OF 2023
    * NEW DIVIDEND POLICY: 60% OF YEARLY EARNINGS TO BE
DISTRIBUTED TO
SHAREHOLDERS

Source text for Eikon:  ID:nBQN40krMV 
Further company coverage:  XAVIb.NGM 

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