Opus revises its financial targets 2020
Opus’ established financial targets from April 2019 have been revised by the Board.
Following the acquisition of a majority stake of Opus by Ograi and the improved headroom with respect to the leverage covenant under the new financing from Ares, the Opus Board of Directors has decided to remove the leverage target as of 2020. The financial targets for revenue growth and EBITA margin, adopted by the Board in early 2019, remain unchanged.
The 2020 targets are as follows:
- 5-10% annual revenue growth (Organic and acquisitive growth based on 3-year CAGR)
- 15% EBITA margin
Gothenburg, April 22, 2020
Opus Group AB (publ)
This is information that Opus 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 herein, at 07:30 CEST on April 22, 2020.
For additional information, please contact:
Lothar Geilen, CEO
Tel: +46 31 748 34 00
Linus Brandt, CFO & Executive Vice President
Phone: +46 722 44 09 05