Outlook 2019 (given in the interim report on 8 May 2019)
Global meat consumption is projected to increase during the coming years. Within HKScan’s home markets, consumption growth is estimated to be led by poultry and meal categories, while demand in other categories is expected to remain stable. HKScan expects its improvement programmes and other corrective actions to start recording results in 2019 and the company’s comparable EBIT is expected to improve clearly from the previous year.
HKScan has set the following long-term financial targets:
- Operating profit: 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