The financial targets for the hygiene business have been updated in conjunction with the split of the SCA Group into two listed companies; the forest products company SCA and the hygiene and health company Essity.
[Missing text '/newslabels/pressrelease' for 'English']:
The current targets for Personal Care and Tissue have been replaced with targets for the Group. The company will continue to apply targets for organic growth and adjusted return on capital employed (defined as adjusted operating profit before amortization of acquisition-related intangible assets (adjusted EBITA)/capital employed).
The target levels have been determined on the basis of the weighted average of the previous targets, taking into account the assessed impact of the BSN medical acquisition.
The new targets for the Group are now annual organic growth of above 3% and adjusted return on capital employed of above 15%.
NB. This information is such that SCA is obligated to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 07:45 CET on April 27, 2017.
Karl Stoltz, Media Relations Manager, +46 8 788 51 55
For additional information please contact: Johan Karlsson, Vice President Investor Relations, 46 (0)8 788 51 30 Karl Stoltz, Media Relations Manager, 46 (0)8 788 51 55
[Missing text '/newslabels/attachedfile' for 'English']: Changed financial targets for the hygiene business