Inside information
Aspo Capital Markets Day 2021: Aspo publishes its focused strategy and new financial targets – aims for growth and higher profitability
Aspo holds a Capital Markets Day today,
Our new long-term financial targets are:
- Operating profit of 8 per cent (previously 6%)
- Net sales growth 5–10% per year (new target)
- Return on equity over 20%
- Long-term gearing below 130%
"Aspo creates value by owning and developing businesses in the long term. The improved operating profit margin target is supported by Aspo's business development measures and changes in the business portfolio. In addition to organic growth, the aimed growth is driven by investments in acquisitions and a strategic shift towards a compounder profile. Mergers and acquisitions are a key part of value creation, and the aim is to create growth and income flow through these," says
Sustainability forms an integral part of our acquisition process and ownership agenda. Aspo's businesses aim to be forerunners in sustainability. In order to support our ESG commitments Aspo has defined new ESG targets for the material areas of the group and its business operations. The main target is to reduce emission intensity CO2e (tn) / turnover (t€), by 30% by the year 2025. The current level (2020) is 0.44 and the target level (2025) is 0.30.
Aspo 's dividend policy remains unchanged. Aspo aims for annually increasing dividend payments leaving room for strategic investments. The dividend will be paid in two installments as before.
Focusing of Aspo business portfolio
In line with its strategy,
Strategic options are being assessed for the Kauko business and
Guidance for 2021 unchanged
Aspo’s operating profit will be approximately EUR 30–36 (19.3) million in 2021. The guidance includes the impact of the impairment of Kauko’s goodwill of
Following Capital Markets Day and presentation materials
The webcast can be followed live on Aspo's website (www.aspo.com) from
CEO
Further information:
Distribution:
Nasdaq
Key media
www.aspo.com
Aspo creates value by owning and developing business operations in the long term. Our companies aim to be market leaders in their sectors. They are responsible for their own operations, customer relationships and the development of these aiming to be forerunners in sustainability. Aspo supports its businesses profitability and growth with the right capabilities.
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