Sollers returned the Net Debt/EBITDA threshold to 1x

Владимир Петенёв
News editor
press@blackterminal.com
Board of Directors of Sollers has set the threshold value of the Net Debt/EBITDA ratio, calculated according to the consolidated financial statements under IFRS, equal to 1x. Company's dividend policy assumes that if the Net Debt/EBITDA value approved by the Board of Directors is exceeded, the payment of dividends is not recommended. Last year, the coefficient was increased to 1.5x. Prior to this, the threshold value of Net Debt/EBITDA remained at the level of 1x for several years.
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