Lindab's new financial targets - increased EBIT margin from 12% to 14%
Lindab, provider of ventilation and construction systems, announced revised financial targets at today's Capital Market Day held at Lindab's Swedish base in southern Sweden.
The new financial targets are:
- 6% organic growth (unchanged)
- 14% EBIT margin (increased from 12%)
- Net debt / equity of 1.0-1.4x (unchanged)
- Dividend payout ratio of 40-50% of net profit (unchanged)
Lindab's CEO and president Kjell Åkesson, commented: "We have already achieved the goals that were set in 2006. Based on our performance and continued beneficial macro-economic forecasts, we see the potential for profitable growth."
"Our well-established goal-oriented activity programme, 'Fill the Gap', has proven itself as a means of achieving high targets and, over the coming years, we have 450 planned activities that will support us in reaching these higher levels."
Ends
The information here is that which Lindab International AB has willingly chosen to make public or that which it is obliged to make
public according to the laws for Stock Exchange and Clearing Operations Act and/or the Financial Instruments Trading Act.
Contacts:
LINDAB
Kjell Åkesson, CEO
Email: kjell.akesson@lindab.com
Tel. +46 (0)431 850 00 / 850 07
Nils-Johan Andersson, CFO
Tel. +46 (0)431 85075
About Lindab:
Lindab is an international group that develops, manufactures and markets sheet metal products and system solutions for the construction sector.
The two business areas, Profile and Ventilation offer complete solutions for construction systems and indoor climate, as well as individual construction and ventilation components for all types of buildings.
Lindab is listed on the Stockholm Stock Exchange, Nordic Large Cap under the ticker "LIAB".
The Lindab group has approximately 5,000 employees in 29 countries and generated sales of SEK 7,609 million in 2006. Its head office is located in Grevie near Bastad in southwestern Sweden. For more information visit www.lindab.com