Brief: ITAB Establishes New Financial Targets

Itab AB

08/02/2022 06:39

Feb 8 (Reuters) - ITAB Shop Concept AB  ITAB.ST :
    * ESTABLISHES NEW FINANCIAL TARGETS
    * TARGET FOR AVERAGE GROWTH IN NET SALES OF 4-8 PERCENT PER ANNUM OVER A BUSINESS CYCLE.
    * TARGET FOR AVERAGE EBIT MARGIN (OPERATING PROFIT IN RELATION TO NET REVENUE) OF 7-9
PERCENT OVER
A BUSINESS CYCLE.
    * TARGET FOR AVERAGE CASH CONVERSION RATIO* OF AT LEAST 80 PERCENT OVER A BUSINESS CYCLE.
    * DIVIDENDS WILL BE ADJUSTED TO COMPANY'S INVESTMENT REQUIREMENTS AND ANY SHARE REPURCHASE
PROGRAM

Source text for Eikon:  ID:nWkr9PGJTy 
Further company coverage:  ITAB.ST 

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