Amer Group's Board of Directors has agreed the Company's new financial objectives. Amer's goal is profitable growth. Good profitability enables investments to be made in product development and marketing, which are essential for the achievement of global leadership in the sports equipment market.
In its day-to-day operations, Amer's primary focus is to achieve organic growth on the back of the development of innovative products, effective marketing, good customer service, and an efficient supply chain. In addition, Amer will continue to be an active participant in the structural changes taking place within the industry and is intends to make selective acquisitions that support its strategy, strengthen the position of the Group and deliver shareholder value.
The Group's updated financial targets are as follows:
Average organic growth of 5% per annum
Our objective is to deliver currency-neutral organic growth of an average 5% per annum and to at least match average annual growth in the sports equipment market.
Our objective is to deliver currency-neutral organic growth of an average 5% per annum and to at least match average annual growth in the sports equipment market.
An operating profit of at least 10%
Our annual target is to achieve operating profit of at least 10%. In addition, profitability should be on a par with the other leading sports equipment companies worldwide.
Our annual target is to achieve operating profit of at least 10%. In addition, profitability should be on a par with the other leading sports equipment companies worldwide.
An optimal balance sheet structure
We will use our balance sheet actively, whilst avoiding excessively large financial risks.
We will use our balance sheet actively, whilst avoiding excessively large financial risks.
A dividend payout ratio equivalent to at least one third of annual net profits
The Company also seeks to be viewed as a competitive investment that increases shareholder value through a combination of dividend payments and share price performance. We pursue a progressive dividend policy reflecting the Company's earnings performance with the aim of distributing a dividend of at least one-third of annual net profits.
The Company also seeks to be viewed as a competitive investment that increases shareholder value through a combination of dividend payments and share price performance. We pursue a progressive dividend policy reflecting the Company's earnings performance with the aim of distributing a dividend of at least one-third of annual net profits.
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