Instalco updates its growth target
The Board of Directors of Instalco has decided to update the company’s financial target regarding growth, and to clarify the target regarding cash conversion.Instalco’s updated growth target is that the average growth in sales shall amount to no less than 10 percent per year over a business cycle. The growth shall be achieved both organically and through acquisitions. The former growth target was to achieve an adjusted EBITA of SEK 450 million pro forma no later than the end of 2019 and that average organic growth in sales shall be 5% over time. The update is made as the Board already