January 29, 2019 / 6:13 AM / 6 months ago

BRIEF-Landis&Gyr Introduces New Mid-Term Financial Guidance

Jan 29 (Reuters) - LANDIS+GYR GROUP AG:

* CONFIRMS THE FY 2018 GUIDANCE ISSUED AT THE TIME OF H1 FY 2018 RESULTS

* MID-TERM FINANCIAL GUIDANCE: MID-SINGLE DIGIT ANNUAL NET REVENUE GROWTH RELATIVE TO THE USD 1.7 BILLION ACHIEVED IN FY 2017

* MID-TERM FINANCIAL GUIDANCE: EXPANSION OF ADJUSTED EBITDA MARGIN TO BETWEEN 13.5% AND 14.5% OF NET REVENUES

* MID-TERM FINANCIAL GUIDANCE: DIVIDEND PAYOUT OF AT LEAST 75% OF FREE CASH FLOW (EXCLUDING M&A) Source text - bit.ly/2SbWfdR Further company coverage: (Gdynia Newsroom)

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