Hemsö updates its financial policy
Hemsö has updated its financial policy with respect to loan-to-value and interest coverage ratio.
Hemsö´s loan-to-value should long-term be below 60 per cent (previously 70 per cent) and the interest coverage ratio should be above 3,0 times (previously 2,5 times). As per 31st December 2021 the loan-to value was 54,3 per cent and the interest coverage ratio was 5,7 times. The financial policy has not changed in any other respect.
“Hemsö’s loan-to-value has reduced the last few years. We are now adjusting the financial policy to clarify that the company will maintain a strong capital structure going forward with a focus on stable cash flows,” says Rutger Källén, Deputy CEO and CFO at Hemsö.
For further information, please contact
Rutger Källén, CFO and Deputy CEO + 46 8-501 170 35