Knowit updates financial targets and dividend policy
The Board of Directors of Knowit AB (publ) (“Knowit” eller “Company”) has set new financial targets, replacing the previous ones. Further, the Board of Directors have decided on a new dividend policy.
Knowit’s Chairman of the Board Jon Risfelt commented:
“Knowit is uniquely positioned to drive and accelerate the digital transformation towards the sustainable business models of tomorrow. By the acquisition of Cybercom, we are further strengthening our position in the Nordic market, creating a platform for profitable growth and continued selective acquisitions.”
The financial targets consist of:
- Growth target: Sales growth exceeding market growth, targeting an annual growth rate of around 15 percent over time. Growth is to be achieved sustainably by continued organic growth and acquisitions.
- Earnings target: EBITA target of 12 percent of net sales over time.
- Capital structure: Net debt in relation to EBITDA should not exceed 2x over time.
- Dividend policy: The ambition is to pay dividends corresponding to 40-60 percent of profit after tax. The dividend should reflect the Board’s expectations on future market development, as well as the Company’s growh strategy.
Further, Knowit’s ambition is to update its non-financial sustainability targets during the course of the year.
This information is information that Knowit AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of Per Wallentin, CEO, at 2021-05-05 07:00 CEST.
For more information, please contact
Marie Björklund, CFO Knowit, +46 70 144 98 02 or marie.bjorklund@knowit.se
Per Wallentin, CEO & President Knowit, +46 73 746860 or per.wallentin@Knowit.se
About Knowit
Knowit AB (publ) is a consultancy firm that creates unique customer values by offering digital and cross-functional solutions from three business areas: Experience, Insight, and Solutions. It is the capacity to combine competencies within design and communication, management consultancy and IT that sets us apart from other consultancy firms. Our vision is to create a sustainable and humane society through digitalization and innovation. Knowit was founded in 1990 and currently has about 2,600 employees in 15 locations in Sweden, five locations in Norway, and one each in Denmark, Finland and Germany. Knowit AB (publ) is listed on the Mid Cap list on NASDAQ Nordic in Stockholm. For more information about Knowit, please visit knowit.eu.
Tags: