Rikshem’s owners update financial targets for the company
Rikshem’s owners, Fourth Swedish National Pension Fund (AP4) and AMF Pensionsförsäkring AB, have amended the ownership directive of Rikshem with new financial targets.The following changes are made to the financial targets: · The equity/assets ratio shall not be lower than 35 percent (earlier 30 percent) · The loan-to-value ratio – LTV – shall not exceed 58 percent (earlier 70 percent) · The interest-coverage ratio shall be minimum 2.2 times (earlier 1.75 times) · The company’s net debt/EBITDA should long term be lower than 16 times (new target) In conjunction with the