Helsinki, Finland, 2014-11-20 11:40 CET (GLOBE NEWSWIRE) --
MUNKSJÖ OYJ, STOCK EXCHANGE RELEASE 20 November 2014 at 11.40 a.m. CET
Munksjö Oyj: Focus on profitability target at Munksjö's Capital Markets Day
Munksjö will today host its Capital Markets Day in Stockholm. During the event,
the management team will give further insight to the company's strategy and
business prospects, in particular on how the strategic focus will enable growth
and profitability improvement. There are no changes to the previously
communicated financial targets and outlook.
At the Capital Markets Day, Munksjö presents further details on how the
profitability target of an EBITDA-margin of 12 per cent over a business cycle
will be achieved. Munksjö also introduces EBITDA-margin targets for each of the
four Business Areas.
"The drivers for our profitability development are; profitable growth,
utilising the position as a market and innovation leader, product and service
quality and increased operational efficiency. The EBITDA-margin target will be
achieved through actions and measures including; continued organic growth,
expanding the market share in existing businesses, increasing the presence in
emerging markets, continued adjustments of the cost structure and continued
actions to drive production efficiency and expand the technical service
offering. Our ambition is to grow the business over the coming years and this
will be reflected in improved profitability" says Jan Åström, President and CEO
of Munksjö Oyj.
The EBITDA targets to be achieved by the end of 2016 per business area are;
15-16 per cent for Decor, 12-13 per cent for Release Liners, 15-16 per cent for
Industrial Applications and 9-10 per cent for Graphics and Packaging.
Further details on the event are available at www.munksjo.com/cmd. The
presentations are recorded and will be available as on-demand versions on the
same webpage after the event.
For more information, please contact:
Åsa Fredriksson, SVP HR and Communications, tel. +46 10 250 1003
Laura Lindholm, Investor Relations Manager, tel. +46 10 250 1026
Munksjö - Materials for innovative product design
The Munksjö Group is an international specialty paper company with a unique
product offering for a large number of industrial applications and
consumer-driven products. Founded in 1862, Munksjö is among the leading
producers in the world of high-value added papers within attractive market
segments such as Decor paper, Release Liners, Electrotechnical paper, Abrasive
backings and Interleaving paper for steel. Given Munksjö's global presence and
way of integrating with its customers' operations, the company forms a global
service organisation with approximately 2,900 employees. Production facilities
are located in France, Sweden, Germany, Italy, Brazil, Spain and China. Munksjö
Oyj is listed on NASDAQ OMX Helsinki. Read more at www.munksjo.com.