Brief: Skistar Updates Its Financial Targets And Dividend Policy

SkiStar AB

12/10/2023 07:35

Oct 12 (Reuters) - SkiStar AB  SKISb.ST :
    * SKISTAR UPDATES ITS FINANCIAL TARGETS AND DIVIDEND POLICY
    * GROWTH: OPERATING INCOME SHOULD INCREASE ON AVERAGE BY 6
PERCENT
ANNUALLY OVER THIS PERIOD.
    * MARGIN: ON AVERAGE, OPERATING MARGIN SHOULD BE 18 PERCENT
    * PREVIOUS MARGIN TARGET WAS TO EXCEED 22 PERCENT
    * DEBT STRUCTURE: INTEREST-BEARING NET DEBT SHOULD BE LESS
THAN
2.5 X EBITDA, EXCLUDING IFRS 16 EFFECTS
    * TEMPORARY DEVIATIONS MIGHT OCCUR, BUT MUST NOT EXCEED 2.5X
OVER
PERIOD
    * TARGET IS THAT 40-60 PERCENT OF YEAR'S PROFIT AFTER TAX
SHOULD
BE DISTRIBUTED TO SHAREHOLDERS
    * DIVIDEND LEVEL PROPOSED BY BOARD WILL BE ADJUSTED
ANNUALLY,
TAKING INTO ACCOUNT COMPANY'S STRATEGY, FINANCIAL POSITION, RISK
LEVEL AND INVESTMENT NEEDS

Source text for Eikon:  ID:nGNEryNd4 
Further company coverage:  SKISb.ST 

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