Nobina to communicate new financial targets on Capital Markets Day

In conjunction with the interim report for the second quarter, it was concluded that all the financial targets set in connection with the IPO had been met. New financial targets will be presented today at the Capital Markets Day.

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Nobina to communicate new financial targets on Capital Markets Day

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Since the IPO in June 2015, Nobina has reported annual growth of 6.4 per cent, a net debt/equity ratio within the target range and a margin for profit before tax of 4.5 per cent. At the same time, dividends have been at least 75 per cent of adjusted earnings before tax.

Nobina has continued to grow and will present its strategy for profitable growth moving forwards, together with the new financial targets, at the Capital Markets Day. These are set out below.

•             Nobina’s target is 5% accumulated annual average net sales growth with 18/19 as base year.

•             Nobina’s target is to achieve an EBT-margin of 5% at average contract age being 50% of average contract length.

•             Under normal circumstances, Nobina aims to maintain a net leverage ratio of 3,0x to 4,0x EBITDA including strategic debt financing.

•             Nobina expects to, under normal circumstances, pay a dividend of at least 75% of earnings after tax paid.

“The overall goal for Nobina is to generate stable, profitable growth over time, and the financial targets have been designed to fulfil market requirements and meet changes in society,” says Magnus Rosén, CEO and President of Nobina.

You can follow the Capital Markets Day live on Nobina.com

This information is such that Nobina AB (publ) is obligated to publish in accordance with the EU Market Abuse Regulation. The information was published, through the agency of the contact persons mentioned below, on 9 October 2018, at 8:00 a.m.

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