Brief: Galenica Raises Its Mid-Term Growth Forecast

Galenica AG

24/10/2023 05:45

Oct 24 (Reuters) - GALENICA AG  GALE.S :
    * IS RAISING ITS MID-TERM GROWTH FORECAST AND NOW EXPECTS
ANNUAL
NET SALES GROWTH OF BETWEEN 3% AND 5%
    * IS CONFIRMING ITS MID-TERM TARGETS FOR RETURN ON SALES
(ROS)1 AT
OVER 9.5% IN THE PRODUCTS & CARE SEGMENT AND UP TO 2% IN
LOGISTICS & IT SEGMENT
    * AIMS TO ACHIEVE THESE TARGETS IN ITS CENTENARY YEAR 2027
WITH AN
EBIT2 OF OVER CHF 250 MILLION
    * EXPECTS A STABLE DEVELOPMENT OF ITS RETURN ON SALES (ROS)1
UP TO
2025
    * ASSUMES THAT THE LEVEL OF INVESTMENTS WILL REMAIN STABLE
OVER
THE NEXT YEARS AND CONTINUES TO AIM FOR NET DEBT2 OF AROUND
+/-2× EBITDA
    * CURRENT GUIDANCE FOR 2023 WITH SALES GROWTH OF BETWEEN 3%
AND 6%
AND EBIT AT ROUGHLY PRIOR YEAR LEVEL (BASED ON THE RESTATED
FIGURES FROM THE PREVIOUS YEAR) REMAINS UNCHANGED

Further company coverage:  GALE.S 

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