Brief: Nobia Adjusts Its Financial Targets

Nobia AB

25/03/2021 11:07

March 25 (Reuters) - Nobia AB  NOBI.ST :
    * NOBIA ADJUSTS ITS FINANCIAL TARGETS
    * DIVIDENDS TO SHAREHOLDERS SHALL COMPRISE AT LEAST 40% OF
NET
PROFIT AFTER TAX (PREVIOUS TARGET: DIVIDEND OF BETWEEN 40-60% OF
NET PROFIT AFTER TAX)
    * TARGET: CAPITAL STRUCTURE: LEVERAGE, DEFINED AS NET DEBT
(EXCLUDING. IFRS 16 LEASING)/EBITDA, SHALL BE BELOW 2.5 TIMES
(PREVIOUS TARGET: NET DEBT/EQUITY RATIO BELOW 100%)
    * PROFITABILITY: OPERATING MARGIN IS TARGETED TO BE GREATER
THAN
10% OVER A BUSINESS CYCLE. (TARGET UNCHANGED)
    * AVERAGE ORGANIC GROWTH IS TARGETED TO BE 3-5% PER YEAR.
(PREVIOUS TARGET: ORGANIC AND ACQUIRED GROWTH OF MORE THAN 5%
PER YEAR ON AVERAGE)

Source text for Eikon:  ID:nWkrbBKCDq 
Further company coverage:  NOBI.ST 

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