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Financial targets & dividend policy

Growth

Permascand’s goal over the medium term is to achieve average organic growth of at least 25 percent per year.

Profitability

Permascand’s goal over the medium term is to deliver an operating margin of more than 25 percent.

Capital structure

Permascand’s net debt in relation to EBITDA shall not exceed 2.0x. This level may be temporarily exceeded in connection with acquisitions.

Dividend policy

Permascand’s board of directors intends to use generated cash flow for continued growth and do not expect to propose a dividend in the short term. The board of directors will, however, each year evaluate the possibility of a dividend, taking into account the Company’s business conditions, growth opportunities and financial position.