Brief: Karnov Group Repeats Mid-term Financial Targets

Karnov AB (publ)

21/08/2024 07:21

Aug 21 (Reuters) - Karnov Group AB (publ)  KARNO.ST :
    * FINANCIAL TARGETS: NET SALES ORGANIC ANNUAL GROWTH OF 4-6% IN THE MEDIUM TERM
    * FINANCIAL TARGETS:  ADJUSTED EBITA MARGIN IN EXCESS OF 25% IN THE MEDIUM TERM AND IN
EXCESS OF
30% IN THE  LONG TERM
    * BY END OF Q2, ANNUAL RUN-RATE SYNERGIES FROM ACCELERATION INITIATIVE AMOUNTED TO EUR 3 M,
COMING
FROM PRIMARILY REGION NORTH AND GROUP
    * FINANCIAL TARGETS:  RATIO OF NET DEBT TO LTM ADJUSTED EBITDA, EXCLUDING LEASING
LIABILITIES, OF
NO MORE THAN  3.0
    * FINANCIAL TARGETS: THE OBJECTIVE IS TO DISTRIBUTE 30–50% OF THE ANNUAL NET PROFIT, AFTER
CONSIDERING INDEBTEDNESS AND FUTURE GROWTH OPPORTUNITIES,

Source text for Eikon:  ID:nWkr5bMsnL 
Further company coverage:  KARNO.ST 

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