Financial targets
Hemnet has a scalable business model underpinned by multiple opportunities for future growth and margin expansion. On 27 January 2023 Hemnet introduced a new long-term adjusted EBITDA margin target of over 55 percent. Hemnet also reiterated its financial targets, including the profitability target of 45–50 percent adjusted EBITDA margin for 2023, despite current market conditions.
Growth 15-20%
Profitability >55%
40
50
32
40
24
30
16
20
8
10
0
0
2018
2019
2020
2021
2022
2018
2019
2020
2021
2022
Annual net sales growth of 15–20 percent.
Adjusted EBITDA margin of 45–50 percent for 2023. Long-term adjusted EBITDA margin in excess of 55 percent.
Leverage <2.0x
Dividend policy >1/3
350
5
280
4
210
3
140
2
70
1
0
0
2018
2019
2020
2021
2022
2018
2019
2020
2021
2022
Dividend
Share repurchase
Net Debt to Adjusted EBITDA ratio of less than 2.0x.
Annual dividend amounting to at least one third of the profit after tax. In the event that the company has excess liquidity, it shall be returned to shareholders through, for example, extra dividends or share repurchases.
Financial targets
Hemnet Group | Annual and sustainability report 2022 · 17
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