Brief: Lagercrantz Prepares For Continued Expansion

Lagercrantz AB

18/03/2021 06:48

March 18 (Reuters) - Lagercrantz Group AB  LAGRb.ST :
    * LAGERCRANTZ PREPARES FOR CONTINUED EXPANSION
    * BOARD OF DIRECTORS HAS TODAY DECIDED TO APPROVE
MANAGEMENT'S
PROPOSAL FOR CONTINUED EXPANSION
    * VISION IS TO BUILD A STRONG B2B TECH GROUP WITH LEADING
BUSINESSES IN DIFFERENT NICHES
    * AMBITION IS THAT AT LEAST ONE THIRD OF GROWTH SHALL BE
GENERATED
ORGANICALLY
    * FINANCIAL GOALS FOR EARNINGS GROWTH (EBT) ARE IN EXCESS OF
15
PERCENT ANNUALLY OVER A BUSINESS CYCLE, WITH A RETURN ON EQUITY
OF NOT LESS THAN 25 PERCENT AND A POLICY WITH A DIVIDEND PAYOUT
RATIO OF 30-50 PERCENT OF NET PROFIT
    * ACQUISITIONS WILL PREDOMINANTLY FOCUS ON NICHE PRODUCT
COMPANIES
IN NORTHERN EUROPE.
    * AIMS BY ACHIEVING FINANCIAL GOALS IN FIVE YEARS, BUILD A
GROUP
WITH SEK 1 BILLION IN PROFIT
    * VISION AND GOALS SHALL BE ACHIEVED THROUGH A
REORGANISATION
WHERE BUSINESSES IN GROUP, STARTING FROM 2021/22 FINANCIAL YEAR,
ARE BEING DIVIDED INTO FIVE DIVISIONS
    * BUSINESSES IN GROUP, STARTING FROM 2021/22 FINANCIAL YEAR,
ARE
BEING DIVIDED INTO FIVE DIVISIONS

Source text for Eikon:  ID:nWkr1SkSHg 
Further company coverage:  LAGRb.ST 

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