Financial and sustainability ambitions

Last updated: October 22, 2020

Our financial and sustainability ambitions

 

Financial ambitions

  2015 2016 2017 20181 2019 Q1-Q3 2020 Long-term ambition

Comparable growth

4%

4%

3%

5+%

6%

-1%

5+%

Adjusted EBIT margin

8.7%

9.4%

9.0%

8.1%

8.6%

9.2%

10+%

Net debt/Adjusted EBITDA

1.6

1.8

1.8

2.3

2.0

1.9

2-3

Dividend payout ratio

40%

40%

42%

49%

47%2

N/A

40-50%

All figures excluding IAC.
1 FY 2018 figures restated for IFRS 16 impact.
2 The Annual General Meeting has authorized the Board of Directors to decide at a later stage and in its discretion on the distribution of dividend in one or several instalments of a total maximum of EUR 0.89 per share. Payout ratio of 47% corresponds to a dividend payout of EUR 0.89.

Figures excluding items affecting comparability.