Brief: Orior Confirms 2020 Guidance

Orior AG

09/11/2020 06:38

Nov 9 (Reuters) - ORIOR AG  ORON.S :
    * MANAGEMENT CONFIRMS ITS GUIDANCE FOR THE YEAR AS
COMMUNICATED IN
AUGUST 2020
    * FROM TODAYʼS PERSPECTIVE, NUMBERS ARE LIKELY TO BE AT THE
UPPER
END OF THE GUIDANCE; TAX RATE AND CAPEX ARE EXPECTED TO BE
WITHIN GIVEN RANGE
    * SETS PRIMARY GOALS AND AMBITIONS FOR NEXT FIVE YEARS UNTIL
2025
    * AVERAGE ORGANIC GROWTH OF 2 TO 4% PER YEAR, ANNUAL
ABSOLUTE
INCREASE IN EBITDA AND EBITDA MARGIN OF >10% ARE TARGETED
    * BALANCE SHEET QUALITY WILL BE STRENGTHENED BY ACHIEVING
EQUITY
RATIO OF >25% AND NET DEB/EBITDA RATIO OF <2.5X 
    * STEADY INCREASE IN ABSOLUTE DIVIDEND IS ALSO PART OF
ORIORʼS
2025 STRATEGY

    
 Source text: https://bit.ly/3ldHL8O
    
 Further company coverage:  ORON.S  
   


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