BRIEF-Olam International Announces 2019-2024 Strategic Plan
Jan 25 (Reuters) - Olam International Ltd:
* PLANS TO INVEST US$3.5 BILLION TO BOOST POSITION AND CAPTURE VALUE FROM KEY EMERGING CONSUMER TRENDS
* ANNOUNCES 2019 TO 2024 STRATEGIC PLAN
* PLANS TO RELEASE US$1.6 BILLION BY DIVESTING CERTAIN BUSINESSES AND ASSETS LYING OUTSIDE STRATEGIC PRIORITIES
* TARGETS ROE GREATER THAN/EQUAL TO 12 PERCENT FROM 2021
* TARGETS EBITDA/INVESTED CAPITAL OF GREATER THAN/EQUAL TO 13 PERCENT FROM 2021
* TARGETS DEBT/EQUITY BELOW 2.0 THROUGHOUT PLAN PERIOD
* FY19-24 COST SAVINGS TARGET ABOUT US$200 MILLION
* 50% OF INVESTED CAPITAL ALLOCATED TO MIDSTREAM/ INGREDIENTS IN 2024 FROM CURRENT 39%
* PLANS TO DIVEST FOUR BUSINESSES SUGAR, RUBBER, WOOD PRODUCTS AND FERTILISER Source text for Eikon: Further company coverage: