The Board of Directors have adopted the following financial targets:
- Organic growth of 4–5%
To grow by 4-5% organically each year over a business cycle. The growth rate may vary between years if the company wins or loses single major contracts. Over and above organic growth, Coor also intends to grow through selected acquisitions.
- Adjusted EBITA margin of ~5.5%
To achieve an adjusted EBITA margin of around 5.5% for the medium term. Coor will maintain its focus on overall operational efficiency improvements and cost savings.
- Cash conversion >9
To achieve a yearly cash generation of over 90% for the medium term. Historically, the company’s investment level (excluding acquisitions) has been some 0.5% of net sales, a level that we expect to also reflect future needs.
- Net debt/adjusted EBITDA (last 12 months) of <3.0 X
Maintain interest-bearing net debt of less than 3.0 times adjusted EBITDA (last 12 months) in the medium term.
- Dividend policy
Approximately 50% of Coors net profit for the period, before amortizations on client contracts, shall be paid in dividends or in other forms of repatriation of capital to its shareholders.