Brief: Glaston Updates Strategy And Financial Targets, Announces New Non-Financial Targets

Glaston Oyj Abp

05/08/2021 10:48

Aug 5 (Reuters) - Glaston Oyj Abp  GLA1V.HE :
    * GLASTON UPDATES THE STRATEGY AND FINANCIAL TARGETS AND
ANNOUNCES
NEW NON-FINANCIAL TARGETS
    * BOARD APPROVED A REVISED STRATEGY WITH KEY OBJECTIVES FOR
2021-2025
    * KEY OBJECTIVES ARE CLEARLY IMPROVED ORGANIC GROWTH AND
PROFITABILITY
    * REVISED STRATEGY IS CREATED IN ORDER TO ACHIEVE CLEARLY
IMPROVED
ORGANIC GROWTH AND PROFITABILITY
    * NEW TARGETS FOR 2021-2025: - ANNUAL AVERAGE NET SALES
GROWTH
(CAGR) CLEARLY EXCEEDING ADDRESSABLE EQUIPMENT MARKET GROWTH OF
MORE THAN 5%
    * TARGET FOR 2021-25: EBITA OF 10% AT END OF STRATEGY PERIOD
    * TARGET 2021-25: COMPARABLE RETURN ON CAPITAL EMPLOYED
(ROCE) OF
16% AT END OF STRATEGY PERIOD

Source text for Eikon:  ID:nWkr1LZtl9 
Further company coverage:  GLA1V.HE 

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