Nobia adjusts its financial targets
To reflect the ambitions in Nobia’s updated strategy, the Nobia board of directors has as of today adopted revised long-term financial targets for the Group:· Growth: Average organic growth is targeted to be 3-5% per year. (previous target: organic and acquired growth of more than 5% per year on average) · Profitability: The operating margin is targeted to be greater than 10% over a business cycle. (target unchanged) · Capital structure: Leverage, defined as net debt (excl. IFRS 16 Leasing)/EBITDA, shall be below 2.5 times (previous target: net debt/equity ratio below 100%) ·