Dec 10 (Reuters) - Husqvarna AB HUSQb.ST:
ANNOUNCES NEW FINANCIAL TARGETS FOR 2030
SETS NEW SUSTAINABILITY TARGETS FOR 2030
IMPLEMENTS COST-OUT PROGRAM FOR 2026-2030
TO INCUR SEK 1.5 BILLION NON-RECURRING COSTS
NEW FINANCIAL TARGETS: AVERAGE ANNUAL ORGANIC SALES GROWTH OF 3-5% OVER A BUSINESS CYCLE
OPERATING MARGIN OF >10% OVER A BUSINESS CYCLE
TARGETS RETURN ON CAPITAL EMPLOYED (ROCE) OF 15% OVER A BUSINESS CYCLE
GROUP IS REITERATING ITS DIVIDEND POLICY OF 40% OF NET INCOME
INITIATIVES EXPECTED TO RESULT IN ANNUAL RUN-RATE SAVINGS OF SEK 4 BILLION BY END OF 2030, WITH TOTAL OF SEK 1.5 BILLION IN NON-RECURRING COSTS IMPACTING REPORTED OPERATING INCOME (EBIT) OVER FULL PERIOD
ASSOCIATED SAVINGS AND COSTS EXPECTED TO BE RELATED TO SUPPLY CHAIN, PRODUCT PLATFORM, AND ORGANIZATIONAL EFFICIENCY MEASURES
Source text: ID:nWkr4VrN32
Further company coverage: [HUSQb.ST]
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))