The Board of Directors has set the following financial targets. The financial targets are forward-looking statements and are not guarantees of future financial performance.
|Long-term financial target||Outcome|
|Growth||Net sales to reach at least EUR 500 million by the financial year 2024 by continuation of strong customer acquisition momentum and increasing share of wallet.||Net sales EUR 391.1 million, growth 14.7%.|
|Profitability||Mid- to long-term adjusted EBITA margin of at least 13 per cent with steadily improving profile. Margin increase is expected to be realised through steady gross margin and improving operating leverage.||Adjusted EBITA margin 9.9%.|
|Capital structure||Maintain net debt in relation to adjusted EBITDA below 2.5x|
in the long term.
|Net debt/ LTM adjusted EBITDA 2.1.|
|Dividend policy||To pay a dividend corresponding to 60-80 per cent of net profit. Any potential dividend shall take into account acquisitions, the company’s financial position, cash flow and future growth opportunities.||The capital return corresponds to approximately 75%* of the group’s profit for the financial year.|