Brief: Vestum Updates Financial Targets

Vestum AB (publ)

21/09/2022 15:21

Sept 21 (Reuters) - Vestum AB (publ)  VESTUM.ST :
    * UPDATES FINANCIAL TARGETS
    * GROWTH TARGET IS TO GENERATE AN AVERAGE ANNUAL GROWTH IN EBITA PER SHARE OF AT LEAST 15
PERCENT
    * FINANCIAL GROWTH TARGET MEANS AN INCREASED FOCUS ON ORGANIC DEVELOPMENT AND CASH FLOW
GENERATION
    * ACQUISITION MODEL AND PACE WILL BE ADAPTED TO MARKET CLIMATE
    * TARGET IS TO ACHIEVE AN EBITA MARGIN OF AT LEAST 10 PERCENT
    * CAPITAL STRUCTURE: FINANCIAL NET DEBT IN RELATION TO EBITDA SHALL BE 2.5-3.5X.
    * PREVIOUS TARGETS:  ADJUSTED. EBITA OF AT LEAST SEK 3 BILLION BY END OF 2025, ADJUSTED.
EBITA
MARGIN OF AT LEAST 10%

Source text for Eikon:  ID:nMFN1Fx5lW 
Further company coverage:  VESTUM.ST 

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