The Board of Directors of
The updated financial targets, with a time horizon of 3-4 years are:
- on average, grow revenue by 20% per year adjusted for currency effects, including contribution from acquisitions.
- deliver an EBIT margin that reaches and exceeds 15%
The revised dividend policy is to distribute at least 40% of available net profits to shareholders in the form of dividends, share repurchases or comparable measures.
More information about the revised targets will be given at the Capital Markets Day that
For reference:
The previous targets that are now being replaced read:
- To increase currency-adjusted revenue by more than 10% on average per year
- To achieve and maintain an EBIT margin in excess of 15%
- To maintain Net debt in relation to LTM EBITDA of 2.5x +/- 0.5x
- Dividend Policy: "To primarily reinvest the Company's profit and use it for several growth opportunities identified by the Board in the near term (both organic and non-organic). The Board of Directors shall continuously evaluate the possibility of dividends, taking into account potential acquisition opportunities and other strategic initiatives."
This information is information that
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Press release |
View original content:https://www.prnewswire.co.uk/news-releases/tobii-dynavox-revises-financial-targets-302067049.html