Brief: Vestum Raises Growth Target And Adjusts Capital Structure Target

Vestum AB (publ)

08/10/2021 08:51

Oct 8 (Reuters) - Vestum AB  VESTUM.ST :
    * SAID ON THURSDAY RAISES GROWTH TARGET AND ADJUSTS CAPITAL
STRUCTURE TARGET 
    * DECIDED TO RAISE THE GROWTH TARGET FOR THE GROUP TO
ACHIEVE AN
ADJUSTED EBITA OF AT LEAST SEK 3 BILLION BY THE END OF 2025,
DRIVEN BY ACQUISITIONS COMBINED WITH ORGANIC GROWTH
    * PREVIOUS GROWTH TARGET WAS TO ANNUALLY MAKE ACQUISITIONS
THAT
ADD PRO FORMA SALES OF AT LEAST SEK 2 BILLION AND PRO FORMA
ADJUSTED EBITA OF AT LEAST SEK 200 MILLION
    * FURTHERMORE, THE TARGET FOR CAPITAL STRUCTURE IS ADJUSTED
SO
THAT THE FINANCIAL NET DEBT IN RELATION TO ADJUSTED EBITDA SHALL
BE 2.5-3.5X ON AVERAGE OVER THE PAST FOUR QUARTERS
    * OTHER FINANCIAL TARGETS REMAIN UNCHANGED

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBQN9HmNrP
 Further company coverage:  VESTUM.ST  

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