At today's Capital Markets Day in
The Board of Directors in EG7 has decided on the following mid-term financial targets:
- Targeting Net Revenue of
SEK 3 billion by 2026 - Targeting Adjusted EBITDA of
SEK 1 billion by 2026 - CAGR of 16 precent for Net Revenue and 28 percent for EBITDA from 2023-2026
The financial targets assume no M&A nor external funding.
Together with new financial targets the Board of Directors are proposing a shareholder capital return program. That includes dividend and a stock buyback program, aiming to start the program in the beginning of 2024. The shareholder capital return program is subject to approval from Extra General Meeting of the shareholders to be scheduled for Q4.
"EG7 have now set the direction for its strategic journey going forward and what we expect to deliver. After a period of consolidation, the group is now in an ideal position with established structured processes with the aim to allocate resources to areas with the highest long-term return for all shareholders." says
The Capital Markets Day will take place today at at Filmstaden Sergel, Hötorget 3, 103 91 Stockholm, between
Follow the Capital Markets Day virtually via the following link: https://www.enadglobal7.com/capital-markets-day-2023/
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