Opus revises its financial targets 2020
Opus’ established financial targets from April 2019 have been revised by the Board.Following the acquisition of a majority stake of Opus by Ograi and the improved headroom with respect to the leverage covenant under the new financing from Ares, the Opus Board of Directors has decided to remove the leverage target as of 2020. The financial targets for revenue growth and EBITA margin, adopted by the Board in early 2019, remain unchanged. The 2020 targets are as follows: · 5-10% annual revenue growth (Organic and acquisitive growth based on 3-year CAGR) · 15% EBITA margin