Financial targets
Hemnet has a scalable business model underpinned by good opportunities for future growth andmargin expansion. Our financial targets are:
Growth 15-20%
Profitability 45-50%
40
50
32
40
24
30
16
20
8
10
0
0
2017
2018
2019
2020
2021
2017
2018
2019
2020
2021
Hemnet aims to achieve annual net sales growth of 15–20 percent.
Hemnet aims to achieve an adjusted EBITDA margin of 45–50 percent in the medium term.
Leverage <2.0x
Dividendpolicy >1/3
10
1.0
For the Board’s proposal regarding dividend to the 2022 Annual General Meeting, see Distribution of earnings on page 40.
8
0.8
6
0.6
4
0.4
2
0.2
0
0
2017
2018
2019
2020
2021
2017
2018
2019
2020
2021
Hemnet aims to achieve a Net Debt to Adjusted EBITDA of less than 2.0x.
Hemnet aims to pay an annual dividend amounting to at least one third of the profit after tax. In the event that the company has excess liquidity, it must be returned to shareholders through, for example, extra dividends or share repurchases.
FINANCIAL TARGETS
HEMNET GROUP | ANNUAL AND SUSTAINABILITY REPORT 2021 · 13
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