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 target | Outcome in FY2021 | |
| 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 341 million, growth 20%. |
| Profitability | Mid- 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 10.8%. |
| Capital structure | Maintain net debt in relation to adjusted EBITDA below 2.5x in the long term. | Net debt/ LTM adjusted EBITDA 1.9. |
| 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 70%* of the group’s profit for the financial year. |
