Financial targets and dividend policy
Relais does not provide a numeric guidance for financial year 2023.
On 2 March 2023, the company issued a revised long-term financial target, according to which the company aims to reach a proforma EBITA of EUR 50 million by the end of the year 2025. Relais considers a profit target to be more relevant in describing the shareholder value creation potential of the Company, as opposed to a net sales target.
The previous financial target of the Company was to reach pro forma net sales of EUR 500 million by the end of year 2026.
Relais’ dividend policy is to target annual dividends that exceed 30 percent of the average comparable earnings per share of the group, over a business cycle. In proposing the dividend, the group’s equity, acquisition opportunities and financing needs related to them, liquidity position, long-term financing and investment needs, growth plans, the requirements of the Limited Liability Companies Act for distribution of dividends and other factors that the company’s Board of Directors consider important are taken into account.
For each year, the future amount of dividends, if any, and their timing will depend on the future results of the group companies, financial position, cash flows, investment needs, solvency, the ability of the company’s subsidiaries to distribute dividends or otherwise transfer assets to the company, and other factors.