Knowit updates financial targets and dividend policyPublished 05 May 2021
The Board of Directors of Knowit AB (publ) (“Knowit” or “Company”) has set new financial targets, replacing the previous ones. Further, the Board of Directors has decided on a new dividend policy.
Knowit’s Chairman of the Board Jon Risfelt commented:
“Knowit is uniquely positioned to drive and accelerate the digital transformation towards the sustainable business models of tomorrow. By the acquisition of Cybercom, we are further strengthening our position in the Nordic market, creating a platform for profitable growth and continued selective acquisitions.”
The financial targets consist of:
- Growth target: Sales growth exceeding market growth, targeting an annual growth rate of around 15 percent over time. Growth is to be achieved sustainably by continued organic growth and acquisitions.
- Earnings target: EBITA target of 12 percent of net sales over time.
- Capital structure: Net debt in relation to EBITDA should not exceed 2x over time.
- Dividend policy: The ambition is to pay dividends corresponding to 40-60 percent of profit after tax. The dividend should reflect the Board’s expectations on future market development, as well as the Company’s growth strategy.
Further, Knowit’s ambition is to update its non-financial sustainability targets during the course of the year.