Brief: Suominen: New Strategy And Financial Targets 2020–2025

Suominen Oyj

08/01/2020 11:16

Jan 8 (Reuters) - Suominen Oyj  SUY1V.HE :
    * REG-SUOMINEN’S NEW STRATEGY AND FINANCIAL TARGETS
2020–2025
    * TARGET: EBITDA MARGIN BY 2025: ABOVE 12%
    * TARGET FOR STRATEGY PERIOD 2020-2025 IS NET SALES GROWTH
DURING
PERIOD: ABOVE RELEVANT MARKET GROWTH
    * TARGET FOR STRATEGY PERIOD 2020-2025 IS  GEARING DURING
PERIOD:
40-80%, INCLUDING EFFECT OF IFRS 16 LEASES
    * PROFITABILITY WILL BE IMPROVED ALSO BY INVESTING IN
UPGRADING
OUR ASSETS, NEW PRODUCT DEVELOPMENT, AND OUR OPERATIONAL
EXCELLENCE INITIATIVES
    * WILL FURTHER STRENGTHEN ITS CAPABILITIES IN EUROPE AND
AMERICAS
AND WILL CONTINUE TO EVALUATE OPPORTUNITIES IN ASIA, WHICH IS
LARGEST NONWOVENS MARKET IN WORLD
    * DEMAND FOR NONWOVENS IS GROWING GLOBALLY

Source text for Eikon:  ID:nGNE2zx71C 
Further company coverage:  SUY1V.HE 

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