Brief: Hexatronic Group Proposes No Payment Of Dividend For 2023

Hexatronic AB

09/02/2024 06:09

Feb 9 (Reuters) - Hexatronic Group AB  HTRO.ST :
    * PROPOSES TO ANNUAL GENERAL MEETING THAT NO PAYMENT OF
DIVIDEND
WILL BE MADE FOR FINANCIAL YEAR 2023.
    * EXPECTS THAT EBITA MARGIN, EXCLUDING RESTRUCTURING COSTS,
WILL
AMOUNT TO 12-14 PERCENT FOR SECOND HALF OF 2023
    * WE ESTIMATE THAT CAPITAL INVESTMENTS IN 2024 AND ONWARDS
WILL
AMOUNT TO APPROXIMATELY 3-4% OF SALES
    * FOR 2024, WE EXPECT SIGNIFICANTLY LOWER INVESTMENT LEVELS
IN
ACQUISITIONS COMPARED TO 2023.
    * WE EXPECT CONTINUED WEAK MARKET DEMAND IN FIBER SOLUTIONS
IN
COMING QUARTERS AND GRADUAL INCREASE IN MARKET DEMAND IN H2
    * IN H2, WE EXPECT TO SEE INITIAL EFFECTS OF BEAD PROGRAM IN
US,
WHILE INVENTORY LEVELS ARE EXPECTED TO HAVE NORMALIZED

Source text for Eikon:  ID:nGNE168TBK 
Further company coverage:  HTRO.ST 

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