Opus revises its financial targets
The revised financial targets focus on growth, operating profit margin and the efficient use of capital.
Opus’ revised financial targets are in line with the expected continuation of profitable growth. The new targets are as follows:
- 5-10% annual revenue growth*
- 15% EBITA margin
- Net debt / EBITDA not to exceed 3.0**
*Organic and acquisitive growth based on 3-year CAGR
**Net Debt / EBITDA excluding IFRS16 effects. Net Debt / EBITDA may exceed 3.0 times if an attractive business opportunity arises
The revised financial targets include organic growth derived from underlying growth from existing business, as well as from program wins as they may occur, complemented by attractive bolt-on acquisitions. While continuing the growth of Opus, our operating profit target ensures focus on solid profit margins and capital returns of our combined businesses.
CEO Lothar Geilen stated “Opus will continue to drive profitable growth while considering our financial leverage, which includes applying less capital-intensive business models. By delivering on these objectives, we are convinced that Opus will further grow as a leader in the global vehicle inspection market and will continue its exciting journey in the intelligent vehicle support market.”
Gothenburg, April 15, 2019
Opus Group AB (publ)
This information 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 person set out above, at 08:00 CET on April 15, 2019.
For additional information, please contact:
Lothar Geilen, CEO
Tel: +46 31 748 34 00
Linus Brandt, CFO & Executive Vice President
Tel: +46 722 44 09 05