"We know that the financial year we have recently started is filled with challenges, but these challenges we share with the entire retail industry and it is my firm belief that we have great opportunities to strengthen our position. With the strategic priorities and the updated financial targets that we present at the Capital Markets Day, we also emphasize that we intend to grow responsibly," says Kristofer Tonström, President and CEO,
Updated financial targets and framework:
Sales | Operating margin | Dividend policy | Net debt/EBITDA |
5% |
7-9% The company is targeting a reported operating margin* of 7-9% per year * i.e incl IFRS16 |
>50% Dividends are to comprise at least 50% of earnings per share after tax, with consideration for the company's financial position | <2x Net debt in relation to EBITDA is to be below two times. Investments are to be made in line with the company's financial position, cash flow and credit facility |
To watch the live-stream of the Capital Markets Day, please see: https://about.clasohlson.com/en/investors/reports-and-presentations/20212022/capital-market-day-2022/capital-market-day-2022/
For more information, please contact:
This is information that
https://news.cision.com/clas-ohlson/r/clas-ohlson-presents-adjusted-financial-targets-at-capital-markets-day,c3581516
https://mb.cision.com/Main/1116/3581516/1589833.pdf
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