Brief: Grieg Seafood Reaffirms Short- And Long-Term Targets

Grieg Seafood ASA

15/06/2022 09:06

June 15 (Reuters) - Grieg Seafood ASA  GSFG.OL :
    * REAFFIRMED AT ITS CAPITAL MARKETS DAY SHORT- AND
-LONG-TERM
TARGETS
    * TARGETS ANNUAL HARVEST VOLUME OF 90,000 TONNES IN 2022 AND
120-135,000 TONNES IN 2026
    * LONG-TERM TARGET OF NET INTEREST-BEARING DEBT TO HARVEST
VOLUME
RATIO OF NOK 30/KG
    * AMBITION TO BE A COST LEADER IN ALL THE REGIONS WHERE
GRIEG
SEAFOOD OPERATES
    * AN EQUITY RATIO OF ABOVE 31%
    * REQUIREMENT OF A MINIMUM OF 12% RETURN ON CAPITAL EMPLOYED
(ROCE) FOR ALL INVESTMENT DECISIONS
    * DIVIDEND POLICY TO DISTRIBUTE 30%-40% OF THE GROUP'S NET
PROFIT
AFTER TAX ADJUSTED FOR FAIR VALUE APPRAISALS
    * 

        
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 Further company coverage:  GSFG.OL  

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