Brief: Sleep Cycle Raises Annual EBIT Margin Target To About 25%

Sleep Cycle AB (publ)

20/03/2024 09:33

March 20 (Reuters) - Sleep Cycle AB (publ)  SLEEP.ST :
    * TO PRESENT REVISED FINANCIAL TARGETS
    * NEW TARGET: DOUBLING EARNINGS IN MEDIUM TERM ( PREVIOUS
TARGET
WAS 30 PERCENT GROWTH YEAR OVER YEAR).
    * NEW TARGET: ANNUAL EBIT MARGIN OF AROUND 25 PERCENT
(PREVIOUS
TARGET WAS 20 PERCENT)
    * TARGET: DIVIDEND POLICY OF 40-60 PERCENT OF ANNUAL NET
PROFIT
REMAINS UNCHANGED

Source text for Eikon:  ID:nWkr41GFCc 
Further company coverage:  SLEEP.ST 

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