Cary Group’s board of directors has adopted the following financial targets:
- Revenue growth: Cary Group’s target is to achieve an average total revenue growth exceeding 15 percent per annum in the medium term, of which at least half, shall be organic.1
- Profitability: Cary Group’s target is to achieve an adjusted EBITA margin2 of 20 percent in the medium term.
- Capital structure: Cary Group’s capital structure shall enable a high degree of financial flexibility and allow for acquisitions. Cary Group’s target is to have a maximum net indebtedness in relation to adj. EBITDA3 of 2.5x. However, the ratio may temporarily exceed 2.5x, in connection with acquisitions.
- Dividend policy: Cary Group strives to pay dividends of at least 20 percent of net income. Decisions on dividends shall take Cary Group’s investment opportunities and financial position into consideration.