Brief: TKH Group Increases Medium Term Targets

TKH

12/06/2019 06:41

June 12 (Reuters) - TKH GROUP NV  TWKNc.AS :
    * STRATEGIC TRANSFORMATION TKH LEADS TO STRONGER VALUE CREATION: MEDIUM TERM TARGETS
INCREASED
    * IN MEDIUM TERM SEES: RETURN ON SALES (ROS) OF AT LEAST 15%
    * RAISES ITS ROS TARGET FOR THE MEDIUM TERM FROM THE CURRENT BANDWIDTH OF 12 13% TO AT LEAST
15%
AND THE ROCE FROM A BANDWIDTH OF 21 23% TO 22-25%
    * IN MEDIUM TERM SEES: DIVESTMENT PROGRAM EXTENDED TO REACH € 300 - € 350 MILLION IN
TURNOVER
    * IN MEDIUM TERM SEES: RETURN ON CAPITAL EMPLOYED (ROCE) OF 22 – 25%
    * SEES INCREASED GROWTH POTENTIAL AND INCREASE OF BANDWIDTH TARGET FOR TURNOVER IN VERTICALS
PARKING, TUNNEL & INFRA AND MARINE & OFFSHORE TO € 150 - € 200 MILLION PER VERTICAL

Source text: https://bit.ly/2KephpQ
Further company coverage:  TWKNc.AS 

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