Financial Targets

5 - 10 %
annual revenue growth
Organic and acquisitive growth based on 3-year CAGR
EBITA margin
Net Debt / EBITDA not to exceed 3.0
Net Debt / EBITDA excluding IFRS16 effects. Net Debt / EBITDA may exceed 3.0 times if an attractive business opportunity arises.

Net debt may exceed 3 times EBITDA temporarily, for example if an attractive investment opportunity arises, or if expected EBITDA from new projects will only materialize in a later period.

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