Financial targets

Revenue growth

NOK 4.5bn
Target to achieve revenue of around NOK 4.5bn by 2025 while  achieving an average organic growth per annum of at least in line with market growth


Target to achieve an adjusted EBITA margin of 14-15% in the medium term

Capital structure

Norva24’s capital structure shall enable a high degree of financial flexibility and allow for acquisitions. Target steady state net debt ratio (including IFRS16 lease liabilities) should normally not exceed 2.5x adjusted EBITDA, other than temporarily as a result of M&A. Temporarily is defined as maximum four calendar quarter sequentially.

Dividend policy

As a part of Norva24’s vision and strategy, it intends to reinvest cash flows into growth and expansion initiatives, including acquisitions, and as such does not expect to pat annual dividends to its shareholders in the medium term