Brief: Spinnova Updates Strategy, Targets

Spinnova Oyj

14/03/2024 06:13

March 14 (Reuters) - Spinnova Oyj  SPINN.HE :
    * UPDATES ITS STRATEGY AND TARGETS - FOCUS ON TECHNOLOGY SALES
    * FINANCIAL GOALS SHORT TERM (2025-26): NO ADDITIONAL EXTERNAL FINANCING REQUIRED
    * TARGETS FOR 2025-2026: CUMULATIVE TECHNOLOGY SALES AT 30,000 TONNES
    * FINANCIAL GOAL MEDIUM TERM (2028-30): EBIT POSITIVE
    * FINANCIAL GOAL LONG TERM (2034-36): MORE THAN EUR 100 MILLION EBIT PER YEAR, MORE THAN 30%
OF
REVENUES RECURRING
    * CASH RUNWAY IS EXPECTED TO BE LENGTHENED THROUGH COST-SAVINGS PROGRAM, INCLUDING ALIGNING
ORGANIZATION TO ENSURE EFFECTIVE STRATEGY EXECUTION

Source text for Eikon:  ID:nWkr3m1P2l 
Further company coverage:  SPINN.HE 

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