Brief: Loihde Updates Mid-Term Financial Targets, Dividend Policy

Loihde Oyj

13/11/2023 13:28

Nov 13 (Reuters) - Loihde Oyj  LOIHDE.HE :
    * UPDATES ITS STRATEGY, MID-TERM FINANCIAL TARGETS AND DIVIDEND POLICY
    * IN 2024-2027, AIMS TO GROW FASTER THAN MARKET, ACHIEVE SIGNIFICANT IMPROVEMENT IN
PROFITABILITY
    * MID-TERM TARGET: ANNUAL REVENUE GROWTH OF ABOUT 10%, INCLUDING BOTH ORGANIC GROWTH AND
ACQUISITIONS
    * REVENUE TARGET FOR END OF STRATEGY PERIOD, I.E. FOR 2027, IS AT LEAST EUR 200 MILLION
    * MID-TERM TARGET: RETURN ON INVESTMENT (ROI) ABOVE 10%
    * MID-TERM TARGET: NET DEBT/EBITDA BETWEEN 0–2X
    * MID-TERM TARGET: ADJUSTED EBITDA MARGIN FOR THE END OF THE STRATEGY PERIOD, I.E. FOR 2027,
 15%
    * DIVIDEND POLICY: AIMS TO ANNUALLY PAY DIVIDEND OF AT LEAST 50% OF GROUP’S PROFIT FOR
FINANCIAL
YEAR

Source text: https://bitly.com/
Further company coverage:  LOIHDE.HE 

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