Brief: Noho Partners Updates Strategy And Financial Targets

NoHo Partners Oyj

11/06/2021 07:04

June 11 (Reuters) - NoHo Partners Oyj  NOHOP.HE :
    * REG-NOHO PARTNERS IS UPDATING ITS STRATEGY AND FINANCIAL
TARGETS: SEEKING CONTROLLED GROWTH AND IMPROVED PROFITABILITY IN
THE STRATEGY PERIOD 2022–2024
    * PROFITABILITY IN THE STRATEGY PERIOD 2022–2024
    * GROUP AIMS TO ACHIEVE A TURNOVER OF APPROXIMATELY MEUR 400
AND
AN EBIT MARGIN OF APPROXIMATELY 10 PER CENT DURING 2024
    * FINANCIAL TARGETS FOR STRATEGY PERIOD 2022-2024: AIM OF
COMPANY
IS FOR RATIO OF NET DEBT TO OPERATING CASH FLOW, ADJUSTED FOR
IFRS 16 LEASE LIABILITY, TO BE UNDER 3
    * FINANCIAL TARGETS FOR STRATEGY PERIOD 2022-2024: OBJECTIVE
OF
COMPANY IS TO PAY DIVIDENDS DURING STRATEGY PERIOD
    * AT THIS STAGE, COMPANY WILL NOT ISSUE A TURNOVER AND
PROFITABILITY GUIDANCE FOR 2021 DUE TO STILL UNCERTAIN OPERATING
ENVIRONMENT
    * MANAGEMENT ESTIMATES THAT TURNOVER OF NOHO PARTNERS GROUP
IN
2022 WILL BE APPROXIMATELY MEUR 280 WITH CURRENT UNITS AND
APPROXIMATELY MEUR 400 AS A WHOLE IN 2024

Source text for Eikon:  ID:nGNE9yKqdv 
Further company coverage:  NOHOP.HE 

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