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.
| Target level 2024 | 2023e * | 2022 | 2021** | 2020* | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
| Revenue, MEUR | approx. MEUR 400 | over MEUR 350* | 312.8 | 186.1 | 156.8 | 272.8 | 209.6 |
| EBIT margin, % | approx. 10% | approx. 9%* | 10.1 | -0.5 | -15.2 | 11.2 | 7.5 |
| Net debt/operational EBITDA excluding IFRS 16 effect | under 3 | 2.9 | 13.5 | neg. | 3.5 | 4.9 | |
| Osinko/osake, euroa | annually increasing dividend | 0.40 | - | - | 0.40*** | 0.34 |
* Profit guidance for the financial year 2023, read more »
** Covid-19 pandemic
*** Proposal by the Board of Directors to the AGM 2020 (cancelled)