Brief: SRV Updates Long-Term Financial Objectives For 2024-2027

SRV Yhtiot Oyj

21/11/2023 07:12

Nov 21 (Reuters) - SRV Yhtiot Oyj  SRV1V.HE :
    * SRV ANNOUNCES ITS REVISED STRATEGY AND UPDATED LONG-TERM
FINANCIAL OBJECTIVES FOR 2024-2027: TOWARDS SUSTAINABLE
PROFITABILITY
    * AIMS TO ACHIEVE BY END OF 2027: OPERATIVE OPERATING PROFIT
OF AT
LEAST EUR 50 MILLION (EARLIER 6%)
    * AIMS TO ACHIEVE BY END OF 2027: REVENUE > EUR 900 MILLION
(EARLIER EUR 900 MILLION)
    * AS SRV AIMS TO PAY DIVIDENDS OF 30-50% OF ITS ANNUAL
RESULT, IN
LINE WITH ITS DIVIDEND POLICY, COMPANY'S OUTLOOK AND CAPITAL
NEEDS REMAIN UNCHANGED
    * SHARE OF REVENUE ACCOUNTED FOR BY HOUSING CONSTRUCTION
WILL BE
INCREASED TO 30-40%
    * RELATIVE SHARE OF PORTFOLIO ACCOUNTED FOR BY BUSINESS
PREMISES
BASED ON IN-HOUSE PROJECT DEVELOPMENT, RESIDENTIAL DEVELOPMENT
PROJECTS AND RESIDENTIAL DEVELOPER CONTRACTING PROJECTS WILL BE
RAISED TO 30-40% OF REVENUE

Source text for Eikon:  ID:nWkrbdmT50 
Further company coverage:  SRV1V.HE 

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