Nobina Share 78,3 SEK
0,32%

Financial targets

Growth

Nobina’s target is to achieve 5 percent accumulated annual average net sales growth with 2019/2020 as base year. Outcome 2020/2021: 5.3 percent.

Adjusted EBT margin

Nobina’s target is to achieve an EBT margin of 5 percent at average contract age being 50 percent of average contract length. Outcome 2020/2021: 5.6 percent.

Dividend policy

Nobina expects to, under normal circumstances, pay a dividend of at least 75 percent of earnings (EBT) after tax paid. Outcome 2020/2021: 63 percent.

Net leverage ratio

Under normal circumstances, Nobina’s net leverage ratio is to be within 3 to 4 times EBITDA, including strategic debt financing. Outcome 2020/2021: 2.6x EBITDA.

Comments*
The accumulated annual average net sales growth with 2018/2019 as base year amounted to 5.3% and thereby surpassed our target.

Adjusted EBT margin of 5.6 percent which was higher than last year and mainly derived from healthy profitability in Samtrans’ additional activities.

Net leverage ratio went from 3.1 to 2.6 where the improvement is mainly due to improved result and no dividend in 2019/2020.

In light of continued uncertainty on the market with regards to Covid-19 and potential growth opportunities, the Board proposes a dividend of SEK 3.77 (SEK 0) per share.

with reference to the Group’s financial statements FY 2020/2021.

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