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Cavotec's board announces new financial targets and dividend policy.

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NORDIC BUSINESS REPORT-May 7, 2019-Cavotec's board announces new financial targets and dividend policy

(C)2019 M2 COMMUNICATIONS http://www.m2.com

Cavotec SA (STO:CCC) announced on Monday that its board of directors has adopted new financial targets and a new dividend policy for the company.

Under these new financial targets, Cavotec's sales growth target is to achieve an annual organic revenue growth of at least 5% from 2020, in addition to possible acquisitions.

Regarding EBIT margin, Cavotec's target is to reach an annual adjusted EBIT margin of more than 7% within two years and more than 10% within four years.

In addition, Cavotec's target is to distribute dividends of approximately 30% to 50% of net profits over a business cycle. Any pay-out decision will be based on the Company's financial position, investment needs, acquisitions and liquidity position.

According to Cavotec, over the past five quarters, its focus has...

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