The target for turnover growth over a business cycle is changed from 15 per cent to at least 10 per cent per annum. Having considered the underlying growth and inflation in the markets where OEM International operates, the Board has concluded that this is a more pertinent target. The previous target was set in the 1990’s when both the underlying growth and inflation were different.
The target for annual earnings growth of 15 per cent over a business cycle is replaced by a new financial target: an EBITA-margin of at least 10 per cent per annum over a business cycle. The reason is that this financial target creates greater clarity with respect to the profitability level that the company strives to achieve.
OEM International’s new financial targets are:
- Turnover growth of at least 10 per cent per annum over a business cycle.
- An EBITA-margin of at least 10 per cent per annum over a business cycle.
- Return on equity of at least 20 per cent per annum over a business cycle.
- Equity ratio of at least 35 per cent.
This information is information that the company is required to disclose under the
Securities Market Act. The information was released for publication on 22 October 2014 at 08:00 am.
Tranås, 22 October 2014
The BoardDownload Release