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.

GrowthSales to reach at least EUR 350 million by the financial year 2023 by continuation of strong customer acquisition momentum.
ProfitabilityMid- to long-term adjusted EBITA margin of 10-12% with steadily improving profile. Margin increase is expected to be realised through steady gross margin and improving operating leverage.
Capital structureMaintain net debt in relation to adjusted EBITDA below 2.5x in the long term.
Dividend policyTo pay a dividend corresponding to 60-80% of net profit. Any potential dividend shall take into account acquisitions, the company’s financial position, cash flow and future growth opportunities.

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