Financial Targets

Ellos Group has set the following long-term financial targets:

Growth

  • Ellos Group aims to achieve organic net sales growth in line with the addressable market, with the ambition of outperforming market growth over time.

Profitability

  • Ellos Group aims to achieve an adjusted EBITA margin of above 8 percent in the medium term.

Capital structure

  • Ellos Group aims for a financial net debt in relation to adjusted EBITDA, excluding IFRS 16, on a rolling twelve-month basis, to be below 2.0x.

Dividend policy

  • Ellos Group intends to distribute excess liquidity to shareholders after investments in profitable growth, provided that the Company's capital structure target is met.