Karnov Group announces updated medium term and long term financial targets
Karnov Group (publ) today announces updated financial targets, which have been resolved by the Board of Directors. The updated financial targets better reflect the new European Karnov Group.The updated financial targets are: · An annual organic net sales growth of 4-6 percent in the medium term; · An annual adjusted EBITA margin in excess of 25 percent in the medium term and an adjusted EBITA margin in excess of 30 percent in the long term; and · A net debt, excluding leasing liabilities, relative to the LTM adjusted EBITDA of not more than 3.0x. The Board of Directors