Brief: Serneke Presents New Business Plan, Announces Capital Markets Day

SERNEKE AB (publ)

20/08/2020 07:20

Aug 20 (Reuters) - SERNEKE Group AB (publ)  SRNKEb.ST :
    * SERNEKE HAS SET OUT A NEW BUSINESS PLAN EXTENDING UNTIL
2025 AND
HAS ADOPTED NEW LONG-TERM FINANCIAL TARGETS
    * LONG-TERM FINANCIAL TARGETS: > 6% EBIT MARGIN
    * LONG TERM TARGET: > 15% RETURN ON EQUITY
    * LONG TERM TARGET: > 30% EQUITY/ASSETS RATIO
    * CLARIFYING SERNEKE SWEDEN'S STRATEGIC FOCUS, WHILE ALSO
ESTABLISHING TWO NEW BUSINESS AREAS, SERNEKE INVEST AND SERNEKE
INTERNATIONAL
    * SERNEKE SWEDEN LONG TERM TARGET: > 4% EBIT MARGIN
    * SERNEKE INVEST LONG TERM TARGET: > 10% ANNUAL RETURN ON
INVESTED
CAPITAL
    * SERNEKE INTERNATIONAL LONG TERM TARGET: > 12% EBIT MARGIN

Source text for Eikon:  ID:nWkrb3FnZB 
Further company coverage:  SRNKEb.ST 

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