Hemnet updates its financial targets - introduces new long-term profitability target
Hemnet Group AB (publ) ("Hemnet" or the “Company”) introduces a long-term adjusted EBITDA margin target of over 55 percent. The Company reiterates its financial target of 45-50 percent adjusted EBITDA margin for 2023, despite current market conditions. In a more normalised market, the Company believes that the investments that are made into future growth, combined with the operating leverage of the business, creates good opportunities for margin expansion going forward. Hemnet is therefore introducing a new, long-term, profitability target of an adjusted EBITDA margin exceeding 55