The board has reviewed Hexatronic’s financial target in connection with the year-end 2020 financial statements.
Read the original press release here.
Given Hexatronic’s strong development, market position and future opportunities, the board has chosen to adjust Hexatronic’s profitability target to 10 percent EBITA-margin (earnings before amortisation of intangible assets) over a rolling 12-month period from the previous 9 percent EBITA-margin.
Previously set growth targets for the Group to grow more than its market organically and with an annual growth rate of at least 20 percent, organic and/or acquisition-driven, remain.
Gothenburg, February 23, 2021
Henrik Larsson Lyon
CEO Hexatronic Group
For more information, please contact:
Henrik Larsson Lyon, CEO Hexatronic Group, +46 706 50 34 00
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 19.00 CET on February 23, 2021.