Sweden's Securitas sets 10% EPS growth target in 2030 strategy (updated)
UPDATE 1-Sweden's Securitas sets 10% EPS growth target in 2030 strategy Adds details on other targets
June 15 (Reuters) - Sweden's Securitas SECUb.ST, one of the world's largest security services providers, on Monday set new long-term financial targets as part of its 2030 strategy, aiming for average annual earnings-per-share (EPS) growth of 10% over the business cycle.
The company targets an operating margin above 10%
It targets operating cash flow of 80%–90% of operating income before amortisation.
Net debt to EBITDA ratio is to remain below 2.5.
The group sets a dividend policy of 50%–60% of annual net income over a business cycle, with excess capital to be returned to shareholders once growth priorities are met.
(Reporting by Anna Peverieri in Barcelona;
Editing by Tomasz Janowski)
((Anna.Peverieri@thomsonreuters.com;))
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