Serneke presents new business plan and announces Capital Markets Day
Serneke has set out a new business plan extending until 2025 and has adopted new long-term financial targets. The company will be holding an online Capital Markets Day on Tuesday, September 29 to present the new business plan and the strategic focus looking ahead.
Having focused strongly on growth from the outset in 2002, Serneke is now conducting an extensive process on which to build the next phase in the company's development. The new business plan sets out a clear strategy for how Serneke will focus on profitability, stability, and a continued strong corporate culture over the upcoming years.
Following the reorganization, the core contracting, and project development operations are, since the beginning of the year, gathered within the Serneke Sweden business area, whose new President, Anders Arfvén, was recently appointed. The company is now clarifying Serneke Sweden's strategic focus, while also establishing two new business areas, Serneke Invest and Serneke International, with the aim of streamlining and supplementing Serneke Sweden.
Serneke Invest manages the Group's major development projects and investments, while Serneke International brings together the Group's international initiatives.
Serneke's long-term financial targets:
- > 6% EBIT margin
- > 15% return on equity
- > 30% equity/assets ratio
- To outgrow our competitors
- > 4% EBIT margin
- Positive operating cash flow
- > 10% annual return on invested capital
- > 12% EBIT margin
- Positive operating cash flow
Serneke welcomes you to its Capital Markets Day
Tuesday, September 29, 9.00-11.30 a.m.
Information about the new business plan, targets and strategies will be presented via webcast. A link to the webcast will be provided at www.serneke.se.
The Capital Markets Day will be attended by company CEO, Ola Serneke, and members of Group Management, including Anders Arfvén, the newly appointed President of Serneke Sweden, and Jan C. Johansson, Chairman of the Board.
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