At tomorrow’s capital markets day, management will present its new financial targets. These are: Revenue is to grow faster than the market with a growth rate of more than 5% currency-neutral from previously 4-5%. EBIT at a level of 22% from previously a minimum of 22%. Dividend payout ratio of more than 50% from previously at least 50%. Revenue growth is expected to come from Central Europe (+50% within five years) and North America (to double in five years). Nokian Renkaat has expanded
13 Nov 2018
Updated financial targets for the years 2019 through to 2021
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Updated financial targets for the years 2019 through to 2021
Nokian Renkaat Oyj (NRE1:WBO) | 0 0 1.9% | Mkt Cap: 5,194m
- Published:
13 Nov 2018 -
Author:
Hans-Peter Wodniok -
Pages:
2
At tomorrow’s capital markets day, management will present its new financial targets. These are: Revenue is to grow faster than the market with a growth rate of more than 5% currency-neutral from previously 4-5%. EBIT at a level of 22% from previously a minimum of 22%. Dividend payout ratio of more than 50% from previously at least 50%. Revenue growth is expected to come from Central Europe (+50% within five years) and North America (to double in five years). Nokian Renkaat has expanded