HKScan Corporation                                     Stock Exchange Release         9 August 2013, 7:45 a.m.

 

HKScan’s updated financial targets
 

HKScan’s Board of Directors has updated financial targets for the Group as follows:

 

Operating profit (EBIT) > 4%
Return on capital employed > 12%
Net gearing < 100%
Dividends (unchanged) > 30% of net profit

 

The previous financial targets were:  

 

Operating profit (EBIT) > 5%
Return on equity > 15%
Equity ratio > 40%
Dividends > 30% of net profit

 

HKScan Corporation
Board of Directors


Further information is available from HKScan Corporation's CEO, Hannu Kottonen and CFO, Tuomo Valkonen. Please leave any messages for them to call with Communications Manager Elina Hollo, tel. +358 40 570 4030 or +358 10 570 2133.


HKScan is one of the leading food companies in northern Europe, with home markets in Finland, Sweden, Denmark, the Baltic countries and Poland. HKScan manufactures, sells and markets pork and beef, poultry products, processed meats and convenience foods under strong brand names. Its customers are the retail, food service, industrial and export sectors. In 2012, it had net sales of EUR 2.5 billion and some 11 000 employees.


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www.hkscan.com