IC Companys forecasts 2007/08 revenue growth of 12%
12 Sep '07
3 min read
• For 2007/08 a revenue growth of 12% - 15% is expected, representing DKK 3,750-3,850 million. Further, a growth in operating profit of 30-40%, the equivalent of DKK 440-480 million (an EBIT margin 11.5% - 12.5%) is forecast. • The Board of Directors recommends a dividend of DKK 70 million, equivalent to DKK 4.0 per share eligible for dividend and a share buy back for a total of DKK 200 million is expected for the 2007/08 financial year. Combined this corresponds to a payout yield of 4.6% (4.5%) of the market value. New financial target – 15/15 • No later than over a period of three to five years, the target of IC Companys is to create a group that annually achieves a minimum of 15% organic growth and an EBIT margin of a minimum of 15%. • Within the strategy horizon, the Group's generation of free cashflow is forecast to be above 70% of the net result. All free cashflow is expected to be distributed as dividend and under share buyback programmes.
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