The climate control company Munters presents updated medium-term financial targets, 3–5 years, in connection with the company’s capital markets day.
The target of average annual revenue growth of over 14 percent is retained, as is the target level for adjusted EBITA margin of over 14 percent. However, the definition of EBITA is changed so that depreciation of operating intangible assets is no longer added back.
The company is also introducing a new target for adjusted return on capital employed, ROCE, of over 15 percent. It replaces the previous working capital target. In the third quarter, adjusted ROCE amounted to 11.5 percent.
