Kendrion : Mixed to positive feelings about new strategic targets
>Capital Markets Day today - Kendrion is presenting its new strategy today following the announced divestment of most of its Automotive activities to Solero, a transaction that will raise €65m and is expected to close on October 10 of this year. As part of the new strategy, Kendrion has announced new financial targets including an adj. EBITDA margin of between 15% and 18% as of 2025 and a ROI of 23%-27% as of 2027. The dividend pay-out is raised from 30%-50% to 50% an...Kendrion develops, manufactures and markets high-quality electromagnetic systems and components. Co.'s electromagnets are used all over the world in products such as lifts, door locking systems, industrial robots, medical equipment, electrical switchbox systems, diesel engines and airconditioning systems. Co.'s activities are performed in four business units: Industrial Magnetic Systems, Industrial Drive Systems, Passenger Car Systems and Commercial Vehicle Systems.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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