-
Organic sales growth – The long-term target is to grow organic sales at least in line with the market.
-
EBITA margin – The goal is a recurring EBITA margin of at least 14 per cent. The objective is to achieve this goal after the full cost and efficiency synergies from the merger have been realized.
-
Indebtedness – The long-term goal for indebtedness is a ratio of around 2.5x net debt/EBITDA. Initially the indebtedness will be higher but through earnings growth and strong cash flows, the goal is expected to be achieved within 2- 3 years from the merger with LEAF.
-
Dividend policy – The long-term intention is a dividend pay-out of 40-60 per cent of profit after tax. In the forthcoming years, the primary focus will be to re-invest Cloetta’s strong cash flows to further sharpen its competitiveness through rationalization, product development, marketing initiatives as well as amortization of bank loans. Accordingly, no dividend is expected for the next 2-3 year.
