Brief: Gränges Presents Plan For Sustainable Growth And Updated Targets
21/06/2022 07:35
June 21 (Reuters) - Granges AB GRANG.ST :
* PRESENTS NEW LONG-TERM PLAN FOR SUSTAINABLE GROWTH AND
COMMUNICATES UPDATED TARGETS
* AS A RESULT OF NEW STRATEGY, GRÄNGES UPDATES ITS FINANCIAL
TARGETS. NEW TARGETS ARE: PROFITABILITY: 15 PER CENT RETURN ON
CAPITAL EMPLOYED ABOVE 15 PER CENT
* NEW TARGET: PROFIT GROWTH: 10 PER CENT, AVERAGE YEARLY
OPERATING
PROFIT GROWTH ABOVE 10 PER CENT
* NEW TARGET: LEVERAGE: 1-2 TIMES EBITDA, FINANCIAL NET DEBT
NORMALLY BETWEEN 1-2 TIMES ADJUSTED EBITDA
* NEW TARGET: DIVIDEND BETWEEN 30-50 PER CENT OF PROFIT FOR
YEAR
* PRESENTS A NEW LONG-TERM PLAN IN THREE STEPS: TO RESTORE
PROFITABILITY, TO BUILD A WORLD-LEADING ALUMINUM TECHNOLOGY
COMPANY, AND TO INVEST IN SUSTAINABLE GROWTH
Source text for Eikon: ID:nMFN9GRTXg
Further company coverage: GRANG.ST
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