Lindab International AB (publ): Update of financial targets and dividend policy
The Board of Directors of Lindab International AB has on December 10th decided on the following updated dividend policy and financial targets: · The dividend should be equivalent to minimum 40 percent of the company’s net profit, taking into account the company’s financial position, acquisition opportunities and long-term financing needs. · The net debt to EBITDA ratio should not exceed 3.0, measured over a 12 month average. The updated financial target for net debt to EBITDA is mainly an adjustment to reflect the effect of IFRS 16. Financial targets for growth and