Brief: New Wave Group Updates Financial Targets

New Wave AB

20/02/2024 06:12

Feb 20 (Reuters) - New Wave Group AB  NEWAb.ST :
    * NEW WAVE GROUP AB UPDATES FINANCIAL TARGETS AND INCREASE
THE
OPERATING MARGIN TARGET FROM 15 TO 20%
    * OVER A PERIOD OF ONE BUSINESS CYCLE, GROUP'S GROWTH TARGET
IS
BETWEEN 10 AND 20% PER YEAR, OF WHICH BETWEEN 5 AND 10% IS
ORGANIC GROWTH, AND A 20% OPERATING MARGIN (PREVIOUSLY 15%)
    * HAS AN EQUITY RATIO TARGET MEANING THAT EQUITY RATIO
SHOULD NOT
FALL BELOW 40% (PREVIOUSLY 30%) OVER ONE BUSINESS CYCLE

Source text for Eikon:  ID:nWkrLDVQ6 
Further company coverage:  NEWAb.ST 

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