Edition:
United States

Sagax upgrades financial targets and policy‍​


Wednesday, 16 Aug 2017 08:30am EDT 

Aug 16 (Reuters) - SAGAX AB :UPGRADES FINANCIAL TARGETS AND POLICY‍​.PREVIOUS FINANCIAL TARGETS FOR LOAN-TO -VALUE RATIO, INTEREST COVERAGE RATIO AND NET DEBT / EBITDA WILL INSTEAD BE INCLUDED IN THE COMPANY'S FINANCE POLICY.LOAN-TO-VALUE RATIO AT MAXIMUM 50%, CHANGED FROM PREVIOUSLY STATED 65%.2017 FINANCE POLICY IN CURRENT MARKET SITUATION: INTEREST COVERAGE RATIO EXCEEDING 300% (PREVIOUSLY OVER THE LONG TERM EXCEEDING 200%).2017 FINANCE POLICY IN CURRENT MARKET SITUATION: NET DEBT IN RELATION TO THE GROUP'S FORWARD-LOOKING EBITDA MAX OF UP TO 8 TIMES. 

Company Quote

32.9
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16 Nov 2018