|Real-time Estimate - 01/20 11:29:54 am|
NCC : to present updated financial and sustainability targets
|11/18/2020 | 02:16am|
NCC will present its updated financial and sustainability targets at today's Capital Markets meeting. Over the course of the day, CEO
"We have updated our strategic direction in order to strengthen NCC's position as a leading knowledge-based construction company that helps its customers to successfully navigate through complex processes and delivers sustainable results. We have now chosen to focus on a small number of targets in order to strengthen and accelerate this development," says
NCC is introducing a new financial target for earnings per share. The target, which has been set for 2023, is for NCC to return
The target for return on equity and the target for operating margin at the Group level have been removed. They will be replaced by specific follow-up and relevant targets for each business area.
"We want to focus on growing profitably as a Group. The return on capital employed will be the priority target for the business areas that tie up large amounts of capital - that is,
NCC's financial targets
Earnings per share Net Dividend policy
per share by 2023 <2.5 times to be distributed to shareholders.
*Net debt excludes pension debt and lease liability. EBITDA refers to operating profit according to the income statement, with reversal of depreciation and impairment losses.
In sustainability, NCC has a number of targets with a target date of 2020. Follow-up on these targets will be reported in the Annual Report for 2020. NCC has updated its targets in the areas of health and safety, and climate and energy, from 2021.
Updated sustainability targets
Health and Climate and energy
LTIF4 will 60% reduction in CO2e emissions from Scope 1 and 2 per SEK million
be 3.0 by in sales by 2030 (base year 2015).50% reduction of tons CO2e in
2022This relation to volumes purchased of the largest contributors in NCC
target by 2030. Initially, we will be focusing on concrete, steel,
puts asphalt and transport.
Like the financial targets, these targets have been broken down for the relevant business areas. Additionally, there are internal and business area specific targets for a number of other areas within sustainability. Further details will be disclosed concerning this work in conjunction with the publication of NCC's Annual Report for 2020.
Capital Markets webcast
US: +1 833 526 8380
For additional information, please contact:
NCC's media line: +46 8 585 519 00, E-mail: email@example.com, NCC's Mediabank (https://www.ncc.group/media/images-and-films/)
About NCC. Our vision is to renew our industry and provide superior sustainable solutions. NCC is one of the leading companies in the Nordics within construction, infrastructure and property development, with sales of over
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