Read the full press release here.
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, 2022
Henrik Larsson Lyon
CEO 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.