Brief: Synsam Group Updates Its Financial Targets, Presents Initiatives For Continued Profitable Growth
24/09/2025 12:23
Sept 24 (Reuters) - Synsam AB (publ) SYNSAM.ST: SYNSAM GROUP UPDATES ITS FINANCIAL TARGETS AND PRESENTS INITIATIVES FOR CONTINUED PROFITABLE GROWTH TARGETS ANNUAL EBIT MARGIN OF 12–15% IN MEDIUM TERM PREVIOUSLY COMMUNICATED TARGET OF OPENING 90 NEW STORES BETWEEN 2024 AND 2026 REMAINS FIRM FOR 2027-2029, TARGET IS 80 NEW STORES AND 30 UPGRADES TO MEGA STORES TARGETS FOR NEW ESTABLISHMENTS IN 2027-2029 ARE ABOUT 40-60 IN SWEDEN, ABOUT 10-20 IN FINLAND AND ABOUT 10-20 IN NORWAY. TARGETS FOR UPGRADES TO MEGA STORES ARE ABOUT 10-20 IN DENMARK, ABOUT 5-10 IN SWEDEN AND ABOUT 5-10 IN NORWAY. AIMS TO PAY DIVIDENDS OF 40–60% OF NET PROFIT TARGETS ANNUAL ORGANIC GROWTH OF 8-12% IN MEDIUM TERM, DEPENDING ON PACE OF GREENFIELD EXPANSION TARGETS AN ANNUAL INVESTMENTS / NET SALES RATIO OF 3% IN MEDIUM TERM, EXCLUDING ACQUISITIONS TARGETS A NET DEBT / ADJUSTED EBITDA RATIO OF 2.5X, EXCLUDING TEMPORARY DEVIATIONS Source text: ID:nWkr6fkHrB Further company coverage: SYNSAM.ST (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))