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ARBONIA Ad hoc announcement pursuant to art . 53 LR Press release Arbonia presents medium - term planning and target setting on Capital Markets Day Arbon , 26 October 2021 - At the Capital Markets Day 2021 , which takes place today in Platting ( D ) , Arbonia will present indications on the financial target setting for the next five years ( until 2026 ) as well as an update on the strategy of its two divisions HVAC and Doors . In addition to the financial outlook and strategic orientation , the focus of the Capital Markets Day will be on the HVAC Division's Research & Development . This department is responsible for a variety of product innovations such as the new energy storage system , the new generation of heat pumps with higher efficiency , and the electrostatic filter technology . Additionally , the participants will be given an insight into the highly automated production at the Platting site ( D ) . Arbonia remains focused on profitable growth . For the years 2021 to 2026 , it expects average annual organic revenue growth ( CAGR ) at Group level of > 5 % ( before currency and acquisition effects ) . It furthermore expects EBITDA after holding costs for the 2026 financial year to be around CHF 200 million . These financial targets assume a stable market environment , steady procurement markets , stable exchange rates and do not take into account any acquisitions . Due to the ongoing comprehensive capex program - in particular for the final stage of the capacity expansion of door production at the Prüm site ( D ) – maintenance and growth investments will be significantly and gradually reduced from 2023 onwards and will be within the target range of 4-5 % of revenues as of 2025. Due to the decline in investment activity , the free cash flow will develop positively from 2023 and lead to the cash conversion ratio ( FCF in % of net profit ) being sustainably above 100 % from the 2024 financial year . On the basis of these key figures , Arbonia aims to maintain a continuous , ordinary dividend policy with an annual increase of 15 % ( previously 10 % ) from the 2022 financial year onwards , which means that Arbonia will still show a net cash position at the end of the planning period ( 2026 ; before any acquisitions ) . Arbonia's business continued to develop positively in the third quarter , not least due to the price increases implemented . However , selective supply bottlenecks and high material prices continue to present a challenging environment . HVAC Division The focus of the HVAC Division can be summarised by the term " comfortable and healthy indoor climate " . The division offers a comprehensive product portfolio and integrated system solutions for residential and commercial areas - from heat / cold generation , energy storage , and heat / cold distribution up to ventilation and air filtration . The division thereby provides the answer to the question of how to live and work in a climate - friendly way in the future . This system , consisting of energy - efficient products , forms the basis for opening up new markets and gaining additional market shares . In 2015 , around 75 % of the division's revenue came from conventional products such as flat panel radiators and only 25 % was from growth products such as ventilation units , heat pumps , underfloor heating and fan coils . Today , the 1