In line with the Group’s strategy, the Group has adopted the below financial targets to achieve in the medium-term.
Well capitalized – on track to deliver on medium term financial targets
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Medium term financial targets |
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| Operating revenue growth | Organic growth |
Target to achieve revenue of around NOK 4.5 bn by 2025while achieving an average organic growth per annum of at least in line with market growth |
| Total growth | ||
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Profitability |
Target to achieve an 14-15% in the medium term |
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Capital structure |
Norva24’s capital structure shall enable a high degree of financial flexibility and allow for aquisitions. Target steady state net debt ratio (including IFRS16 liabilities) of 2.5x adjusted EBITDAfor the last 12 months, temporary |
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Dividend policy |
As a part of Norva24’s vision and strategy, it intends to reinvest cash flows into growthand expansion initiatives, including aquisitions, and as such does not expect to pay annual dividents to its shareholders in the medium term |
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