Swedish biometrics firm Fingerprint Cards has presented long-term financial targets covering three target areas: growth, profitability and capital structure.However, it stressed that the financial targets are not to be seen as “guidance”, rather an ambition that the Board and management believe are reasonable long-term expectations for the company.In terms of growth, Fingerprint Cards' target is a compound annual revenue growth of approximately 60% from 2016 to 2018.For profitability, Fingerprint Cards' target is an operating margin of at least 35% for each year from 2016 to 2018Finally on capital structure, Fingerprint Cards “shall have a strong balance sheet, typically with a net cash position. Excess capital will be returned to shareholders through share buy-backs and/or dividends”.”Given the rapid market development we believe that an appropriate time frame for our moving financial targets is three years. We will not update the targets due to short term, quarterly business fluctuations. Our targets will be revised annually, typically in conjunction with the year-end earnings release”, says Jörgen Lantto, CEO of Fingerprint Cards.
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