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 FY2020 | |
| Growth | Sales to reach at least EUR 350 million by the financial year 2023 by continuation of strong customer acquisition momentum. | Net sales EUR 284.4 million, growth 15.3% |
| Profitability | Mid- 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. | Adjusted EBITA margin 10.5% |
| Capital structure | Maintain net debt in relation to adjusted EBITDA below 2.5x in the long term. | Net debt / LTM adjusted EBITDA 2.0 |
| Dividend policy | To 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. | A capital return corresponding to approximately 80% of the profit for the financial year before non-recurring adjustments of EUR 4.3 million.* |
