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2013-08-15 17:00:00 CEST 2013-08-15 17:00:01 CEST REGULATED INFORMATION Technopolis - Company AnnouncementTechnopolis’ Strategic Financial TargetsTECHNOPOLIS PLC STOCK EXCHANGE RELEASE August 15, 2013 at 6.00 p.m. Technopolis' Strategic Financial Targets As part of its annual strategy review process the Board of Directors of Technopolis Plc has approved the company's updated strategic financial targets for 2014 - 2016. The company's previous strategic financial targets announced in September 2011 for 2012 - 2016 were as follows: - average net sales and EBITDA growth of 15% per annum - over EUR 50 million in net sales outside Finland by 2016 - at least a 6% return on capital employed per annum - an equity ratio above 35% over the cycle In addition, the aim was to annually distribute dividends of 40% - 50% on net profit excluding changes in fair value and their tax effects. In 2012, the company reached its targets, except for the return on capital employed.Net sales increased by 15.6% and EBITDA by 17.3%. The equity ratio stood at 36.2%. The company paid out 50.6% of its earnings per share in dividends. The company's Board of Directors has updated the strategic financial targets for the period 2014 - 2016 as follows: - average net sales and EBITDA growth of 15% per annum (unchanged) - over EUR 50 million in net sales outside Finland by 2016 (unchanged) - at least a 6% return on capital employed per annum excluding changes in fair value (the calculation principle was specified to correspond with EPRA (European Public Real Estate Association) recommendations) - an equity ratio above 35% over the cycle (unchanged) The dividend policy was adjusted to better match the company's growth targets. In accordance with its updated dividend policy, the company aims to distribute on average one third of net profit excluding changes in fair value and their tax effects. Technopolis Plc Board of Directors For further information, please contact: Keith Silverang CEO tel. +358 40 566 7785 Technopolis Plc is a listed real estate company that specializes in leasing space and providing services. Its core business idea is to combine business support services with modern, flexible, multi-user business environments. There are approximately 23,000 people and almost 1,400 companies and organizations in Technopolis premises in Finland, Russia, Estonia and Lithuania. The company's net sales for 2012 totaled EUR 107.3 million, and its EBITDA was EUR 55.8 million. The Technopolis Plc share (TPS1V) is listed on NASDAQ OMX Helsinki. Distribution: NASDAQ OMX Helsinki Main news media www.technopolis.fi |
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