Baloise Launches Its Refocusing Strategy
Sept 12 (Reuters) -BALOISE HOLDING AG BALN.S:
BALOISE LAUNCHES ITS REFOCUSING STRATEGY, RAISES PAYOUT RATE AND AIMS FOR A RETURN ON EQUITY OF BETWEEN 12 PER CENT AND 15 PER CENT
ANNOUNCING START OF A REFOCUSING STRATEGY THAT INCLUDES MEASURES RELATED TO TECHNICAL PROFITABILITY, OPERATIONAL EFFICIENCY, GROWTH IN TARGET SEGMENTS AND CAPITAL PRODUCTIVITY
NEW FINANCIAL TARGETS CONSIST OF STRONG CASH REMITTANCE OF MORE THAN CHF 2 BILLION IN PERIOD 2024-2027 AND A HIGHER CASH PAYOUT RATE OF 80 PER CENT OR MORE
COMPANY IS IMPLEMENTING MEASURES TO RAISE EFFICIENCY AND REDUCE COSTS, CONTINUALLY OPTIMISING ITS PORTFOLIO AND STRIVING FOR TARGETED GROWTH
NEXT SPRING, WE WILL LOOK INTO LAUNCHING AN INITIAL SHARE BUY-BACK PROGRAMME
Further company coverage: BALN.S
(Gdansk Newsroom)
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