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BHG Group Earnings Release 2024
2890_iss_2024-05-14_5c183bd5-5747-45f3-9c42-bbb64bfe2994.pdf
Earnings Release
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BHG publishes updated financial targets continued focus on growth and strengthened profitability
BHG Group AB (publ) ("BHG") publishes updated financial targets today. The new goals reflect the company's strategic priorities regarding continued growth, improved long-term profitability and a strengthened balance sheet in a new market situation.
BHG's board has today decided on updated financial targets. The previous targets were set in a different market situation. The updated targets better reflect the prevailing market situation and BHG's communicated strategy to strengthen profitability over time through growth initiatives, consolidation and increased efficiency.
Updated financial targets:
- Net sales growth: Continue to deliver organic growth above the addressable market
- Profitability: Return to an adjusted EBIT margin of 5%. Over time, further improve adjusted EBIT margin to 7%
- Capital structure: Objective to strengthen the balance sheet and operate with a net debt /EBITDA target of below 2.5x, subject to flexibility for strategic activities
These financial targets replace previously communicated financial targets from January 2021. It should be noted that the dividend policy remains unchanged.
BHG's CEO Gustaf Öhrn and CFO Jesper Flemme will during today's capital market day elaborate on and clarify the new financial goals together with the management of BHG's three business areas.
Contacts
Gustaf Öhrn, President and CEO of BHG Group Telefon: +46 (0) 70 420 44 36. E-mail: [email protected]
Jesper Flemme, CFO of BHG Group Tel: +46 (0) 720 80 25 69. E-mail: [email protected]
Jakob Nylin, Head of Investor Relations of BHG Group Tel: +46 (0) 760 48 02 38. E-mail: [email protected]
This information is information that BHG Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2024-05-14 07:30 CEST.
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BHG publishes updated financial targets - continued focus on growth and strengthened profitability