SFS Group aims for 20% revenue growth

SFS Group Pcl (SFS.CY) is aiming to maintain revenue growth rates of over 20% per annum from continuing operations, whilst seeking to maintain its Return on Equity (ROE) target above 20%.
SFS revealed its targets during CSE’s road show in London when it presented its 3-year strategic targets.Amongst others, SFS Group wants to:
a) Contain fixed cash overheads at below inflation rate plus 3%
b) Record a significant reduction of debt by the end of 2008
c) Maintain shareholders equity around EUR 100 mln
d) Minimum dividend payout ratio of 30% of annual net profits
e) Reinforcement of SFS’s presence in the local financial services market with special emphasis on the brokerage, asset management and investment banking services and through geographical expansion in Greece, the Balkans and the Middle East
f) Increase of Venture Capital funds under management and gradual divestment from own Private Equity investments
g) Increase of shipping investments under management. Expansion of SFS’s container liner service in North Europe and increase of the ship management services offered to third parties
h) Rebalance of the Company’s investment property portfolio to achieve higher returns over the next three years to allow rollover of remaining properties into new property fund structures where the Group will maintain a significant minority stake.