Brief: Vincit Aims To Achieve Annual Growth Rate Of 20% Over 2023-2025

Vincit Oyj

15/12/2022 07:25

Dec 15 (Reuters) - Vincit Oyj  VINCIT.HE :
    * VINCIT UPDATES ITS STRATEGY AND LONG-TERM FINANCIAL
TARGETS
    * BOARD OF DIRECTORS HAS APPROVED THE COMPANY'S UPDATED
STRATEGY
FOR THE YEARS 2023-2025 AND LONG-TERM FINANCIAL TARGETS
    * VINCIT AIMS TO ACHIEVE AN ANNUAL GROWTH RATE OF 20 PER
CENT OVER
THE 2023-2025 STRATEGY PERIOD
    * TARGET LEVEL OF ADJUSTED OPERATING PROFIT (OPERATING
PROFIT
BEFORE GOODWILL AMORTISATION) IS ABOVE 10 PER CENT OF TURNOVER
THROUGHOUT THE STRATEGY PERIOD
    * COMPANY WILL CONTINUE INTERNATIONALISATION AND THE AIM IS
THAT
TURNOVER IN THE UNITED STATES OF APPROXIMATELY 30 PER CENT OF
THE GROUP'S TURNOVER BY THE END OF THE STRATEGY PERIOD
    * COMPANY AIMS TO KEEP ITS EQUITY RATIO ABOVE 60 PER CENT
    * COMPANY WILL CONTINUE ITS EXISTING DIVIDEND POLICY WITH
THE AIM
OF PAYING A DIVIDEND AT LEAST 30 PER CENT OF THE PROFIT FOR THE
FINANCIAL YEAR
    * UPDATED STRATEGY DOES NOT ENTAIL ANY CHANGES FOR VINCIT
PRODUCT
BUSINESS

Source text for Eikon:  ID:nWkrb49gp7 
Further company coverage:  VINCIT.HE 
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