Outlook 2019 (given in the interim report on 6 November 2019)
HKScan expects its improvement programmes and other corrective actions to record results in 2019, and the company’s EBIT is expected to improve clearly from the previous year.
Global meat consumption is projected to increase during the coming years. Within HKScan’s home markets and in categories, in which HKScan is present, consumption growth is seen in poultry and meal categories. Demand of processed meat is expected to remain stable, while the consumption of red meat is estimated to face a slight decrease.
HKScan has set the following long-term financial targets:
- EBIT: more than four per cent of net sales
- Return on capital employed (ROCE): more than 12 per cent
- Net gearing: less than 100 per cent
- Dividends: more than 30 per cent of net profit