TECHNOPOLIS PLC STOCK EXCHANGE RELEASE August 20, 2015 at 9.00 a.m.
Technopolis’ Board of Directors Approves New Strategic Targets
The Technopolis Board of Directors has updated the company’s strategic targets for the period from 2015-2020. While the overall strategy remains unchanged, the company will prioritize growth in Scandinavia. In addition, the Board has set a lower average growth target for the period in order to take into account current transaction market conditions and possible future changes in the company’s real estate portfolio. A service penetration target has also been added, which reflects the Board’s belief that there is significant growth potential in this sector.
The targets for the 2015–2020 strategy period are as follows:
- average net sales and EBITDA growth of 10% per annum (previously 15%)
- service penetration 15% by 2020 for like-for-like real estate (2014 penetration: 10.5%)
- 5.5% return on capital employed per annum excluding fair value changes (previously 6.0%)
- equity ratio above 35% over the cycle (unchanged)
Technopolis will continue to explore expansion opportunities throughout the Nordic-Baltic region, including Poland and Northern Germany. It will also continue to divest non-core properties and campuses in the domestic market.
Technopolis Plc
Board of Directors
For further information:
Keith Silverang
CEO
tel. +358 40 566 7785
Technopolis provides the best addresses for companies to operate and succeed in five countries in the Nordic-Baltic region. The company develops, owns and operates a chain of 20 smart business parks that combine services with flexible and modern office space. The company’s core value is to continuously exceed customer expectations by providing outstanding solutions to 1,700 companies and their 47,000 employees in Finland, Norway, Estonia, Russia and Lithuania. The Technopolis Plc share (TPS1V) is listed on NASDAQ OMX Helsinki.