Financial targets

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 targetOutcome
in FY2020
GrowthNet 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 284.4 million,
growth 15.3%
ProfitabilityMid- to long-term adjusted EBITA margin of at least 13 per cent with steadily improving profile. Margin increase is expected to be realized through steady gross margin and improving operating leverage.Adjusted EBITA margin
10.5%
Capital structureMaintain net debt in relation to adjusted EBITDA below 2.5x in the long term.Net debt / LTM adjusted
EBITDA 2.0
Dividend policyTo 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.A capital return corresponding
to approximately 80% of
the profit for the financial year
before non-recurring adjustments
of EUR 4.3 million.

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