Long-term financial targets

The Group aims to achieve turnover of approximately MEUR 400 and an EBIT margin of approximately 10% during 2024. In the long-term, the company aims to keep the ratio of net debt to operational EBITDA, adjusted for IFRS 16 lease liability, under 3 and distribute annually increasing dividend.

The company will update its long-term strategic and financial targets for the next strategy cycle 2024–2026 and publish them in the Capital Markets Day that will be held on 22 May 2024.

Target level 2024 2023 2022 2021** 2020* 2019 2018
Revenue, MEUR approx. MEUR 400 372.4 312.8 186.1 156.8 272.8 209.6
EBIT margin, % approx. 10% 9.7 10.1 -0.5 -15.2 11.2 7.5
Net debt/operational EBITDA excluding IFRS 16 effect under 3 3.0 2.9 13.5 neg. 3.5 4.9
Osinko/osake, euroa annually increasing dividend 0.43* 0.40 - - 0.40*** 0.34

* Proposal by the Board of Directors to the AGM 2024
** Covid-19 pandemic
*** Proposal by the Board of Directors to the AGM 2020 (cancelled)