Latour revises its financial targets
The Board of Directors of Investment AB Latour (publ) has decided to revise Latour’s financial targets. The revision follows a strategic review and is aimed to further increase the long-term profitability and return of its holdings.
The revised financial targets are:
- Growth target: Remains intact, i.e., minimum 10 % annual growth of every holding.
- Profitability target: Revised from minimum 10 % operating margin of every holding, to minimum 15 % average operating margin across all holdings.
- Return target: Revised from 15 – 20 % return on operating capital of every holding, to minimum
15 % return on operating capital of every holding.
As today, the new financial targets apply over a business cycle, and higher internal targets apply for individual holdings. In relation to the growth target, organic growth shall be prioritized.
“It is important to highlight that these are long-term targets and that we, as a long-term and responsible owner, fully support all our existing holdings. Moreover, we will continue to make assessments based on all three financial targets combined”, says Johan Hjertonsson, CEO of Latour.
Göteborg, 6 February, 2023
INVESTMENT AB LATOUR (PUBL)
Johan Hjertonsson
President and CEO
For further information, please contact:
Johan Hjertonsson, CEO Latour, +46 702 29 77 93
Anders Mörck, CFO Latour, +46 706 46 52 11
This is information that Investment AB Latour (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 14.40 CET on February 6, 2023.
