Hexatronic adjusts financial targets
February 23 2022 - 12:00PM
Hexatronic adjusts financial targets
Hexatronic Group AB
(publ)
556168-6360
Press Release
February 23,
2022
Hexatronic adjusts financial
targets
The board has reviewed Hexatronic’s financial targets in
connection with the year-end 2021 financial statements.
Given Hexatronic’s strong development, market position and
future opportunities, the board has chosen to adjust Hexatronic’s
profitability target to at least 12 percent EBITA-margin (earnings
before amortisation of intangible assets) over a business cycle.
The previously set profitability target was at least 10 percent
EBITA-margin on a rolling 12 month basis.
Hexatronic’s growth target has been adjusted to annual growth
rate of at least 20%, over a business cycle. Previously set growth
target was to grow more than its market organically and with an
annual growth rate of at least 20 percent.
Gothenburg, February 23, 2022Henrik Larsson LyonCEO Hexatronic
Group
For more information, please contact:
Henrik Larsson Lyon, CEO Hexatronic Group, +46 706 50 34
00
Pernilla Lindén, CFO Hexatronic Group, +46 708 77 58 32
This is information that Hexatronic Group AB is obliged to make
public pursuant to the EU Market Abuse Regulation. The information
was submitted for publication, through the agency of the contact
person set out above, at 18.00 CET on February 23, 2022.
Hexatronic Group AB (publ) is a group that develops, markets and
delivers products, components and system solutions with the main
focus on the fiber optic market. Hexatronic offers a wide range of
innovative system and product solutions mainly for passive fiber
optic infrastructure with global trademarks like Matrix, Viper,
Stingray, Raptor, InOne, Drytech™, Lightmate®, Skyline and Wistom®.
The Group has its headquarters in Gothenburg, Sweden and has sales
offices and/or subsidiaries in Sweden, Norway, Denmark, Finland,
United Kingdom, Germany, Austria, the Netherlands, Italy, Estonia,
Latvia, Lithuania, China, New Zealand, Australia, US and Canada.
The Group is listed on Nasdaq Stockholm under the ticker HTRO. For
more information, visit
www.hexatronicgroup.com.
- 2022-02-23-Hexatronic-adjusts-financial-targets
Hexatronic Group Ab (LSE:0RDH)
Historical Stock Chart
From Jun 2024 to Jul 2024
Hexatronic Group Ab (LSE:0RDH)
Historical Stock Chart
From Jul 2023 to Jul 2024