Nov 11 (Reuters) - SKF AB SKFb.ST:
HOSTS CAPITAL MARKETS DAY; ANNOUNCES UPDATED STRATEGY AND NEW FINANCIAL TARGETS
NEW FINANCIAL TARGET: ORGANIC GROWTH: 4%
NEW FINANCIAL TARGET: ADJUSTED OPERATING MARGIN: >17% MID-TERM, >19% LONG-TERM
RESTRUCTURING IS EXPECTED TO RESULT IN HIGH ITEMS AFFECTING COMPARABILITY (IAC), TOTALING ABOUT BSEK 5.0 FROM Q4 2025 THROUGH 2028
NEW LONG-TERM TARGET: ADJUSTED RETURN ON CAPITAL EMPLOYED (ROCE): 20%
AUTOMOTIVE SEPARATION IS EXPECTED TO RESULT IN ADDITIONAL BSEK 1.5 OF CHARGES. POST 2028, IAC IS EXPECTED TO BE LIMITED
NEW LONG-TERM TARGET: NET LEVERAGE: <2.0X
NEW LONG-TERM TARGET: DIVIDEND: 50%
Source text: ID:nWkr66tVDs
Further company coverage: SKFb.ST
(Gdansk Newsroom)
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