PKC Group Plc Company Announcement 3 April 2013 12.30 pm
PKC GROUP PLC'S CAPITAL MARKETS DAY ON 3 APRIL 2013
PKC Group Plc will arrange a Capital Markets Day to analysts, investors and media on April 3rd, 2013 beginning at 12:30 pm in Helsinki.
The presentations will focus on PKC Group Plc's growth strategy, growth drivers and the long-term financial targets. The speakers of the event are President & CEO Matti Hyytiäinen, CFO Juha Torniainen and other management.
PKC is a global partner, designing, manufacturing and integrating electrical distribution systems for the commercial vehicle industry and other selected segments. PKC is seeking growth within its current Commercial Vehicle markets and customers as well as in the growing markets of Asia. In addition, PKC is studying growth opportunities in expanding its business further within Transportation Industry. This is a segment where PKC can further utilize its unique knowhow as a global supplier of electrical distribution systems.
The long-term financial targets of PKC Group Plc is to reach EUR 1.4 billion net sales by 2018 and over 10% EBITDA, while maintaining gearing below 75%. The targeted dividend payout is 30 - 60% of the cash flow after investments.
PKC Group Plc's guidance for 2013 remains as stated earlier. The company estimates its full year 2013 net sales to be lower than in 2012 and estimates its comparable operating profit excluding non-recurring items to reach 2012 level. In 2012 PKC’s net sales were EUR 928.2 million and comparable operating profit excluding non-recurring items was EUR 51.5 million.
The Capital Markets Day's presentation will be available on PKC Group's website www.pkcgroup.com on April 3rd at 12:30.
PKC Group Plc
Matti Hyytiäinen
President & CEO
Further information:
President & CEO Matti Hyytiäinen, PKC Group Plc, +358 400 710 968
DISTRIBUTION
NASDAQ OMX
Main media
www.pkcgroup.com
PKC Group is a global partner, designing, manufacturing and integrating electrical distribution systems, electronics and related architecture components for the commercial vehicle industry and other selected segments. The Group has production facilities in Brazil, China, Estonia, Finland, Germany, Ireland, Mexico, Poland, Russia, Ukraine and the USA. The Group's net sales in 2012 totaled EUR 928.2 million. PKC Group Plc is listed on NASDAQ OMX Helsinki Ltd.