Financial targets
Nobia’s financial targets, decided by the Board of Directors, aim to generate favourable returns and long-term value growth for shareholders. The operations are steered towards four financial targets, related to the company’s, growth, profitability, capital structure and share dividend. The financial targets were updated in March 2021.
Growth
Nobia aims at an average organic growth rate of 3 - 5 per cent per year.
| Growth, outcome | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|---|
| Organic growth, % | 6 | 4 | 2 | -4 | 0 | -7 |
Profitability
Nobia's operating margin is to amount to more than 10 per cent over a business cycle.
| Profitability, outcome | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|---|
| Operating margin, % | 9,7 | 10,3 | 10,1 | 8,2 | 8,1 | 4,6 |
Capital structure
The Group’s leverage, defined as net debt/EBITDA, shall be below 2.5 times. Leverage is calculated excluding IFRS 16 Leasing and items affecting comparability.
| Capital structure, outcome | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|---|
| Net debt*, SEK m | - | - | - | 1 266 | 1 344 | 204 |
| EBITDA** | - | - | - | 1 410 | 1 444 | 911 |
| Leverage | - | - | - | 0,90 | 0 ,93 | 0,22 |
*Excluding IFRS16. **Excluding IFRS16 and items affecting comparability
Dividend
Dividend to shareholders shall comprise at least 40 per cent of net profit after tax. When decisions about the amount of the dividend are made, the company's capital structure is to be taken under consideration. Due to uncertainty around the corona pandemic outbreak, no dividend was paid for the fiscal year 2019.
| Dividend, outcome | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|---|
| Dividend per share, SEK | 2,50 | 3,00 | 7,00 | 4.00 | - | 2 |
| Dividend / net profit, % | 51 | 111 | 116 | 90 | - | 88 |