BHG publishes updated financial targets - continued focus on growth and strengthened profitability
May 14, 2024 at 01:30 am EDT
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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.
BHG Group AB, formerly Bygghemma Group First AB, is a Sweden-based online provider of home improvement products. The Companyâs operations comprise two segments: DIY and Home furnishing. The DIY segment includes do it yourself products for home and garden improvement. It comprises such online stores as bygghemma.se, netrauta.fi, taloon.com, frishop.dk, badshop.se, talotarvike.com, stonefactory.se, golvpoolen.se, lindstromsbad.se, vitvaruexperten.se, tvexperten.se, among others, as well as showrooms. The Home furnishing segment sells furniture and decor. It includes such online stores as trademax.se, chilli.se, kodin.fi, furniturebox.se, myhomemobler.dk and wegot.se, among others, as well as showrooms. The Company operates in Sweden, Finland, Norway and Denmark.
BHG GROUP AB 
