Brief: Midsona Updated Outlook: Average Organic Growth Of 3-5% Per Year

Midsona AB

25/04/2024 07:26

April 25 (Reuters) - Midsona AB  MSONb.ST :
    * SIGNIFICANT UNCERTAINTIES REMAIN, SUCH AS UNSTABLE
GEOPOLITICAL
SITUATION, IMPACT OF CLIMATE CHANGE ON THIS YEAR'S CROPS AND
WEAKENING OF SWEDISH KRONA
    * IMPROVEMENT IN GROUP'S EARNINGS WAS MAINLY DRIVEN BY
HIGHER
GROSS MARGIN
    * EFFICIENCY IMPROVEMENTS IN PRODUCTION ALSO BEGAN TO HAVE
AN
IMPACT
    * UPDATED OUR FINANCIAL TARGETS
    * TARGET: ORGANIC GROWTH AVERAGING 3-5 PERCENT ANNUALLY
    * TARGET: EBIT MARGIN (BEFORE ITEMS AFFECTING COMPARABILITY)
TO
EXCEED 8 PERCENT BY 2027
    * TARGET: NET DEBT/ADJUSTED EBITDA OF UP TO 2.5 X
    * CONTINUED STREAMLINING AND COORDINATION OF OUR PRODUCT
RANGE IS
HAVING A CLEAR IMPACT ON EARNINGS

Source text for Eikon:  ID:nWkrbL0DV7 
Further company coverage:  MSONb.ST 

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