Brief: SRV Announces Its New Strategy And Financial Objectives For 2021-2024

SRV Yhtiot Oyj

04/02/2021 06:22

Feb 4 (Reuters) - SRV Yhtiot Oyj  SRV1V.HE :
    * SRV ANNOUNCES ITS NEW STRATEGY AND FINANCIAL OBJECTIVES FOR 2021-2024: BUILDING A
LIFECYCLE-WISE
REALITY
    * SRV YHTIOT OYJ - SRV GROUP PLC HAS RELEASED ITS NEW STRATEGY AND LONG-TERM FINANCIAL
OBJECTIVES
FOR 2021-2024 TODAY
    * SRV YHTIOT OYJ - STRATEGY AIMS TO DEVELOP LONG-TERM COMPETITIVE ADVANTAGE, PROVIDE AN
EXCELLENT
CUSTOMER EXPERIENCE, TAP INTO OPPORTUNITIES FOR LIFECYCLE SERVICES, IMPROVE PROFITABILITY AND
REDUCE INDEBTEDNESS.
    * SRV YHTIOT OYJ - 2021-2024 STRATEGIC FINANCIAL OBJECTIVES: OPERATIVE OPERATING PROFIT: 6
PER
CENT BY END OF PERIOD.
    * SRV YHTIOT OYJ - 2021-2024 STRATEGIC FINANCIAL OBJECTIVES: GEARING EXCLUDING IMPACT OF
IFRS 16:
40-60 PER CENT BY END OF PERIOD.
    * SRV YHTIOT OYJ - LONGER-TERM OBJECTIVE IS TO DISTRIBUTE DIVIDEND OF 30-50 PER CENT OF
ANNUAL
RESULT, TAKING INTO ACCOUNT CAPITAL NEEDS OF BUSINESS OPERATIONS
    * SRV YHTIOT OYJ - EXPECTS THAT IT WILL PAY DIVIDENDS IN ACCORDANCE WITH ITS DIVIDEND POLICY
NO
EARLIER THAN FOR 1 JANUARY-31 DECEMBER 2023
    * SRV YHTIOT OYJ - COMPANY ANTICIPATES THAT IT WILL ACHIEVE ITS STRATEGIC EARNINGS LEVEL BY
END OF
2024.

Source text for Eikon:  ID:nWkr9DwXbR 
Further company coverage:  SRV1V.HE 

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