Brief: Mekonomen Adjusts Long-Term Financial Goals

Meko AB

18/12/2020 08:03

Dec 18 (Reuters) - Mekonomen AB  MEKO.ST :
    * GROUP AFFIRMS FOCUS ON GROWTH, ADJUSTS ITS LONG-TERM FINANCIAL GOALS
    * DURING A CAPITAL MARKET DAY ON FEBRUARY 25, 2021, MEKONOMEN GROUP WILL PRESENT STRATEGY
FOR
ACHIEVING LONG-TERM FINANCIAL GOALS UNTIL 2025.
    * FINANCIAL GOALS: AVERAGE ANNUAL SALES INCREASE OF AT LEAST 5 PERCENT,
    * FINANCIAL GOALS:  TO REACH ADJUSTED EBIT MARGIN OF 10 PERCENT.
    * FINANCIAL GOALS:  NET DEBT / EBITDA IN RANGE 2.0-3.0 TIMES.
    * MEKONOMEN GROUP INTENDS TO PAY DIVIDENDS CORRESPONDING TO NOT LESS THAN 50 PERCENT OF
PROFIT
AFTER TAX TO SHAREHOLDERS.
    * ADJUSTMENT IS MADE IN ORDER TO REFLECT COMPANY'S CURRENT OPERATING STRUCTURE AND ENABLE
HIGHER
GROWTH RATE IN FUTURE
    * COMPANY CONSIDERS END OF 2025 AS TIME FRAME TO ACHIEVE TARGETS

Source text for Eikon:  ID:nWkrbNfDYk 
Further company coverage:  MEKO.ST 

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