Brief: Sagax upgrades financial targets and policy

Sagax AB

16/08/2017 13:31

Aug 16 (Reuters) - SAGAX AB  SAGAa.ST  
    * UPGRADES FINANCIAL TARGETS AND POLICY 
    * PREVIOUS FINANCIAL TARGETS FOR LOAN-TO -VALUE RATIO, 
INTEREST COVERAGE RATIO AND NET DEBT / EBITDA WILL INSTEAD BE 
INCLUDED IN THE COMPANY'S FINANCE POLICY 
    * LOAN-TO-VALUE RATIO AT MAXIMUM 50%, CHANGED FROM 
PREVIOUSLY STATED 65% 
    * 2017 FINANCE POLICY IN CURRENT MARKET SITUATION: INTEREST 
COVERAGE RATIO EXCEEDING 300% (PREVIOUSLY OVER THE LONG TERM 
EXCEEDING 200%) 
    * 2017 FINANCE POLICY IN CURRENT MARKET SITUATION: NET DEBT 
IN RELATION TO THE GROUP'S FORWARD-LOOKING EBITDA MAX OF UP TO 8 
TIMES 
 
Source text for Eikon:  ID:nWkrb1v3vG  
Further company coverage:  SAGAa.ST  
 
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