The Board of Directors has adopted the following medium-term financial targets that form the overall basis for the business plan.
Boozt targets annual net revenue growth in the range of 25-30 percent in the medium term.
Boozt targets an adjusted EBIT margin exceeding six per cent in the medium term. Boozt expects to increase the adjusted EBIT margin annually as the cost base is further leveraged by net revenue growth.
When free cash flow exceeds available investments in profitable growth, the surplus will be distributed to shareholders.
The Company does not intend to pay dividends in the medium term and there can be no assurances that in any given year a dividend will be paid. Declaration of dividends, if any, and the amounts and timing thereof, will depend on a number of factors, including financial position, investment needs, acquisition opportunities, general economic and business conditions and such other factors as the board of directors may deem relevant in such decision.
Boozt’s financial targets set forth above are subject to considerable uncertainty. The financial targets are based upon a number of assumptions relating to among other things, the development of Boozt’s industry, business, results of operations and financial condition as well as the assumptions referred to above. Boozt’s business, results of operations and financial condition, and the development of the industry and macroeconomic environment in which Boozt operates, may differ materially from, and be more negative than, those assumed by Boozt when preparing the financial targets set out above. As a result, Boozt’s ability to reach these financial targets is subject to uncertainties and contingencies, some of which are beyond its control, and no assurances can be given that Boozt will be able to reach these targets or that Boozt’s financial condition or results of operations will not be materially different from these financial targets.