New financial targets and strategic priorities to be presented at Storskogen’s Capital Markets Day
Storskogen will present new financial targets and strategic priorities at its Capital Markets Day in Stockholm on 27 November 2024.
During the Capital Markets Day, Christer Hansson, CEO, and other selected speakers will present Storskogen’s strategic priorities and financial targets for 2025-2027.
“We have made significant progress in our prioritised areas throughout 2024, delivering strong cash flows and improved profitability. As we look ahead to the next chapter of Storskogen, we remain committed to driving organic and acquired profit growth, further strengthening our diversified business group”, says Christer Hansson.
The targets for the period are:
Adjusted EBITA growth: a compounded annual growth rate (CAGR) of 15 percent
Adjusted EBITA margin: above 10 percent (LTM)1
Adjusted cash conversion: above 70 percent (LTM)1
Leverage ratio: interest-bearing net debt to adjusted RTM2 EBITDA ratio of 2.0-3.0x
Dividend policy: 0-20 percent of Group net profit for the year
1 LTM – Last twelve months
2 RTM – Rolling twelve months (adjusted for acquisitions and divestments)
About the Capital Markets Day
The Capital Markets Day will take place on 27 November between 09:00 and 13:00 CET at Epicenter, Malmskillnadsgatan 44a in Stockholm, and will be broadcast live online. For attendees joining the event in person at Epicenter, registration will begin at 08:30 CET. The event will be conducted in English and participants will have the opportunity to ask questions both digitally and on-site.
To watch the event online, please register via the link below:
https://ir.financialhearings.com/storskogen-group-cmd-2024/register
Following the event, the broadcast and the presentations will be made available on Storskogen’s webpage.
For more information, please contact:
Andreas Lindblom, Head of Investor Relations
+46 72 506 14 22
andreas.lindblom@storskogen.com
For media inquiries, please contact:
Michael Metzler, Head of Communication
+46 73 305 59 55
michael.metzler@storskogen.com
This press release contains inside information that Storskogen Group AB (publ) is required to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication by the above contact person on 27 November 2024 at 07:30 (CET).
About Storskogen
Storskogen is an international group of businesses across trade, industry and services. As a long-term owner, we are positioned to identify, acquire, and develop market leaders with sustainable business models. Storskogen creates value by providing access to capital and strategic direction combined with active governance and a decentralised operational model. Storskogen has approximately 11,000 employees, net sales of SEK 35 billion (LTM) across a diversified group of businesses and is listed on Nasdaq Stockholm.