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2017-06-02 08:00:02 CEST 2017-06-02 08:00:02 CEST REGULATED INFORMATION Technopolis - Inside informationTechnopolis’ Revised Strategy Focuses on Shareholder Value Creation, New Strategic and Financial Targets Set
TECHNOPOLIS PLC STOCK EXCHANGE RELEASE June 2, 2017 at 9:00 a.m. Technopolis has completed a comprehensive review of the Group’s strategy, as well as strategic and financial targets as announced in the Technopolis Interim Report of May 4, 2017. The revised strategy covers the years 2017-2020, and also sets the direction for the coming years. The primary focus of the revised corporate strategy is shareholder value creation. Key elements include:
New long-term financial targets and dividend policy are:
In addition to increasing the profitability of the current real estate and service businesses, the company will accelerate organic investments and, in total, expects to spend EUR 200-250 million on development projects over the 2017-2020 timeframe. Company also plans to allocate approximately EUR 30 million to the development of the UMA co-working network during the next five years. Furthermore, Technopolis currently foresees a EUR 100-200 million spend on acquisitions during 2017-2020, but will only act if a compelling value creation opportunity presents itself. “The key to success in the future office market is to master the shared workspace environment. Technopolis has the right concept, differentiation and capabilities to do this. We think Technopolis has what it takes to be a world-class workspace provider while offering investors a compelling and value-creating investment opportunity. The thinking and targets contained in this strategy are aligned with this philosophy and we are excited about entering this new strategic era,” states Keith Silverang, CEO. ”In the last few years, Technopolis has expanded and internationalized its business strongly. During 2012-2016, the company invested more than 900 million euros on a gross basis in its business, enabled by three equity issues. We have established a strong platform and 1.7 billion euro asset base. This positions the company to grow and create shareholder value over the next few years without having to go to the market for equity,” continues Juha Laaksonen, Chairman of the Board.
A more detailed overview of Technopolis’ revised strategy is attached. |
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