Exel Composites confirms its strategy and long-term financial targets and introduces a target for net gearing
EXEL COMPOSITES PLC STOCK EXCHANGE RELEASE 18 JUNE 2019 at 09:00 EETThe Board of Directors of Exel Composites has confirmed the company’s strategy and long-term financial targets for 2019-2022. A new financial target related to net gearing was also introduced. Exel Composites’ long-term financial targets are: · Growth: Revenue growth exceeding twice the market growth · Profitability: Adjusted operating profit margin exceeding 10% · Capital efficiency: Return on capital employed exceeding 20% · Financial position: Net gearing approximately at 60% or