Corrected: BRIEF-Syensqo Eyes 5%-7% Organic Net Sales Growth Over 2024-2028

Solvac SA

13/11/2023 06:06

(Corrects spelling of company name in headline, no changes to
text)
       Nov 13 (Reuters) - SYENSQO:
    * REG-SYENSQO LAUNCHES ITS 5-YEAR GROWTH STRATEGY TO CREATE
SIGNIFICANT VALUE
    * SYENSQO SETS ITS 2028 FINANCIAL TARGETS (ON AN ORGANIC
BASIS) AS
FOLLOWS: 5% TO 7% NET SALES GROWTH OVER 2024-2028
    * ACHIEVING SYENSQO'S MID-TERM TARGETS IS EXPECTED TO
DELIVER MORE
THAN EUR 7BN OF CASH1 BETWEEN 2024 AND 2028
    * SYENSQO SETS 2028 TARGETS: UNDERLYING EBITDA MARGIN (IN %)
TO
MID-20S BY 2028
    * SYENSQO SEES ROCE TO MID-TEENS BY 2028
    * SYENSQO'S SPECIFIC TARGETS INCLUDE: -23% SCOPE 3 GHG
EMISSIONS
BY 2030 COMPARED TO 2021
    * SYENSQO'S SPECIFIC TARGETS INCLUDE CARBON NEUTRALITY ON
SCOPE 1
AND 2 GHG EMISSIONS BY 2040
    * SYENSQO'S SPECIFIC TARGETS INCLUDE INCREASING CIRCULAR
ECONOMY
SALES TO 18% OF TOTAL SALES BY 2030

Source text for Eikon:  ID:nGNE1SyyWV 
Further company coverage:  SOAC.BR 

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