Edition:
United States

Uponor Updates Long-Term Financial Targets Due To Adoption Of IFRS 16


Wednesday, 13 Feb 2019 01:15am EST 

Feb 13 (Reuters) - Uponor Oyj ::REG-UPONOR UPDATES ITS LONG-TERM FINANCIAL TARGETS AS A RESULT OF ADOPTION OF IFRS 16.UPDATED LONG-TERM FINANCIAL TARGET IS ORGANIC NET SALES GROWTH TO EXCEED ANNUAL GDP GROWTH BY 3 PPTS.UPONOR'S UPDATED LONG-TERM FINANCIAL TARGET IS EBIT MARGIN TO EXCEED 10%.UPONOR'S UPDATED LONG-TERM FINANCIAL TARGET IS ROI TO EXCEED 20%.UPDATED LONG-TERM FINANCIAL TARGETS ARE: DIVIDEND PAY-OUT TO BE AT LEAST 50% OF ANNUAL EARNINGS (CONSIDERING GEARING TARGET).UPDATED LONG-TERM FINANCIAL TARGETS ARE: GEARING TO STAY WITHIN 40 TO 80 AS AN ANNUAL AVERAGE OF QUARTERS. 

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