Brief: Verkkokauppa.com Updates Strategy To Accelerate Profitable Growth

Verkkokauppa.com Oyj

21/11/2023 06:37

Nov 21 (Reuters) - Verkkokauppa.com Oyj  VERK.HE :
    * UPDATES ITS STRATEGY TO ACCELERATE PROFITABLE GROWTH
    * WITH 2024-2028 STRATEGY, CO AIMS FOR ANNUAL REVENUE GROWTH
(CAGR) OF OVER 5%, ANNUAL OPERATING PROFIT MARGIN OF OVER 5%, TO
REDUCE FIXED COSTS TO LESS THAN 10% OF REVENUE BY END OF 2028
    * CO'S TARGET IS TO PAY OUT 60-80 PERCENT OF ANNUAL NET
PROFIT IN
QUARTERLY GROWING DIVIDENDS
    * HOWEVER, IN ORDER TO IMPROVE CO'S EQUITY RATIO, BOARD OF
DIRECTORS WILL PROPOSE TO AGM 2024 THAT NO DIVIDEND BE PAID ON
RESULT FOR 2023

Source text for Eikon:  ID:nGNE1cZvW7 
Further company coverage:  VERK.HE 

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