HKScan’s updated financial targets
HKScan Corporation Stock Exchange Release 9 August 2013, 7:45 a.m.
HKScan’s updated financial targets
HKScan’s Board of Directors has updated financial targets for the Group as follows:
| Operating profit (EBIT) | > 4% |
| Return on capital employed | > 12% |
| Net gearing | < 100% |
| Dividends (unchanged) | > 30% of net profit |
The previous financial targets were:
| Operating profit (EBIT) | > 5% |
| Return on equity | > 15% |
| Equity ratio | > 40% |
| Dividends | > 30% of net profit |
HKScan Corporation
Board of Directors
Further information is available from HKScan Corporation's CEO, Hannu Kottonen and CFO, Tuomo Valkonen. Please leave any messages for them to call with Communications Manager Elina Hollo, tel. +358 40 570 4030 or +358 10 570 2133.
HKScan is one of the leading food companies in northern Europe, with home markets in Finland, Sweden, Denmark, the Baltic countries and Poland. HKScan manufactures, sells and markets pork and beef, poultry products, processed meats and convenience foods under strong brand names. Its customers are the retail, food service, industrial and export sectors. In 2012, it had net sales of EUR 2.5 billion and some 11 000 employees.
DISTRIBUTION:
NASDAQ OMX Helsinki
Main media
www.hkscan.com