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VACN - VAT AG News Story

CHF247.8 -8.2  -3.2%

Last Trade - 2:04pm

Sector
Industrials
Size
Large Cap
Market Cap £6.03bn
Enterprise Value £6.14bn
Revenue £544.2m
Position in Universe 157th / 1051

BRIEF-VAT Group Sets 2025 Financial Targets

Wed 2nd December, 2020 6:04am
Dec 2 (Reuters) - VAT Group AG  VACN.S :
    * VAT GROUP CAPITAL MARKETS DAY 2020: POSITIVE GUIDANCE FOR
FY
2020 CONFIRMED - 2025 FINANCIAL TARGETS SET
    * VAT CONFIRMS SUPERIOR PERFORMANCE IN 2020 WITH AROUND 20%
NET
SALES GROWTH TO CHF 680 MILLION AND AN EBITDA MARGIN OF OVER 30%
    * 2025 FINANCIAL TARGETS OF EXPECTED SALES OF ABOUT CHF 1.1
BILLION AND AN EBITDA BAND OF 30-35% OVER CYCLE
    * FINANCIAL GUIDANCE FOR PERIOD BETWEEN 2020 AND 2025: 
EBITDA
MARGIN CORRIDOR OF 30-35% OF SALES * FREE CASH FLOW CONVERSION
RATE OF 60-65% OF EBITDA * RETURN ON INVESTED CAPITAL (ROIC) OF
OVER 40%
    * FINANCIAL GUIDANCE FOR PERIOD BETWEEN 2020 AND 2025: *
CAPEX
REMAINS 4-5% OF SALES * R&D SPENDING OF 5-6% OF SALES *
DIVIDEND PAY OUT OF UP TO 100% OF FREE CASH FLOW AS LONG AS
LEVERAGE IS 1X NET DEBT TO EBITDA

Source text: https://bit.ly/3oibJt8
Further company coverage:  VACN.S 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))
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