Brief: Formpipe Announces New Financial Targets

Lasernet AB

16/02/2021 07:50

Feb 16 (Reuters) - FormPipe Software AB  FPIP.ST :
    * PRESENTS A NEW GROWTH STRATEGY AND NEW FINANCIAL TARGETS WHEN COMPANY TODAY PUBLISHES ITS
Q4 AND
FULL YEAR 2020 RESULTS
    * TARGET: 70 PERCENT OF TOTAL REVENUE WILL CONSIST OF RECURRING REVENUE BY 2025
    * TARGET: OPERATING MARGIN WILL GRADUALLY BE STRENGTHENED AND EXCEED 20 PERCENT IN 2025
    * TARGET: OVER TIME, AT LEAST 50 PERCENT OF YEAR'S NET INCOME WILL BE DISTRIBUTED AS
DIVIDENDS TO
OUR SHAREHOLDERS
    * INVESTMENTS IN GROWTH WILL PRIMARILY TAKE PLACE THROUGH CAPACITY BUILDING WITH FOCUS ON
USA AND
EUROPE
    * STRATEGY 2021-2025: FOCUS ON ACCELERATED GROWTH IN US AND EUROPE

Source text for Eikon:  ID:nGNEc0tmSP 
Further company coverage:  FPIP.ST 

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