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Global Industry: Valora on course for growth

Bremerhaven. (bm) After winning the strategically important SBB tender, Switzerland’s Valora Holding was reporting on its business model as well as its growth strategy and communicating its mid-term targets until 2025 at its Investors’ Day. Valora has made good progress this year, but corrects its profit targets in 2019 due to applicable accounting standards (IFRS 16) for the new SBB contracts; free cash flow is not affected by this. Valora expects major profit growth as of 2021. Other topics of the week: