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NYAB updates its long-term financial targets (inside information)

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NYAB Plc
COMPANY ANNOUNCEMENT
29 June 2023 at 15:30

NYAB updates its long-term financial targets (inside information)

NYAB Plc’s Board of Directors has decided to update the long-term financial targets of the Group. According to the new targets:

  • annual organic growth exceeding 15 percent
  • operating profit (EBIT) exceeding 9 percent of revenue
  • equity ratio exceeding 50 percent
  • dividend exceeding 30 percent of net profit

Long-term financial targets have been set in accordance with International Financial Reporting Standards (IFRS) that NYAB has taken in use today, on 29 June 2023. According to previous targets that were published on 13 May 2022, organic growth of the group was targeted to exceed 7 percent, EBITA margin (operating profit without amortisation and reduction in the value of intangible assets) to exceed 10 percent, equity ratio to exceed 45 percent, and dividend to exceed 30 percent of the adjusted net profit.

NYAB has increased its growth target to better correspond to favorable long-term outlook in its operating environment. With the IFRS transition, NYAB continues to follow operating profit in its reporting, and its net profit will not be adjusted with the amortization of consolidated goodwill.

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About NYAB Oyj

NYAB is a builder of a clean future with decades of experience in complex and demanding projects. We are enabling green transition in the Nordics by providing engineering, construction, and maintenance services to public and private sector clients regarding renewable energy and sustainable infrastructure. NYAB is headquartered in Oulu and it has more than 350 employees at different locations in Finland and Sweden.

NYAB Plc's Certified Adviser is Augment Partners AB, info@augment.se, phone +46 8 604 22 55.

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