Bifogade filer
Viva Wine Group updates financial targets
Prenumeration
Beskrivning
| Land | Sverige |
|---|---|
| Lista | First North Stockholm |
| Sektor | Handel & varor |
| Industri | Dagligvaror |
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To better reflect the business post the acquisition of Delta Wines and the new segment structure, the Board of Directors of Viva Wine Group has taken the decision to update the company’s financial targets regarding growth and profitability. The other financial targets are kept and unchanged.
Financial targets
The Board of Directors has established the following financial targets for the company. The targets relate to, and will be followed up by the company in the medium term:
- Organic sales growth, exceeding market growth
In addition, the company intends to grow through acquisitions.
(Will replace previous target: Organic growth Nordics ≥ 4%, Organic growth eCom 10-15%). - Adjusted EBITA margin of 8-10%
(Will replace previous target: Adjusted EBITA margin of 10-12%). - Net debt /EBITDA ≤ 2.5x
Net debt in relation to EBITDA may exceed a multiple of 2.5 temporarily, for example in conjunction with acquisitions.
(Unchanged). - Dividend policy 50-70% of annual net profit
Taking into account the company's long-term financial stability, growth opportunities and strategic initiatives.
(Unchanged).
Viva Wine Groups CEO Emil Sallnäs comments:” To better reflect our new business structure the Board of Directors has updated the company’s financial targets. We have a strong position and good conditions for growing organically and more than the market. In addition we also intend to grow through acquisitions. That our profitability target has been updated is a logical consequence of our latest acquisition, Delta Wines, which has a lower margin structure. Taken together, these targets reflect our vision of becoming the leading European wine group."
Certified Adviser
FNCA Sweden AB is the Company's Certified Adviser on Nasdaq First North Premier Growth Market.
For more information, please contact:
Linn Gäfvert, CFO Viva Wine Group
Mobile: + 46 730 86 89 90
Email: linn.gafvert@vivagroup.se