Financial targets

Terveystalo’s financial targets and dividend policy

The Board of Directors has adopted the following long-term financial targets for Terveystalo:

  • Growth: 6–8% annual growth in revenue in the long term through a combination of organic growth and bolt-on acquisitions;
  • Profitability: An Adjusted EBITA margin *) 12–13% of revenue in the medium to long term;
  • Capital Structure: Interest-bearing Net Debt / Adjusted EBITDA not to exceed 3 times. However, indebtedness may temporarily exceed the target level, for example, in conjunction with acquisitions; and
  • Dividend Policy: The aim is to distribute at least 30% of net profit as dividends annually. The proposed dividend shall take Terveystalo’s long-term development potential and financial position into account.

Any dividends to be paid in future years, their amount and the time of payment will depend on the Company’s future earnings, financial condition, cash flows, investment needs, solvency and other factors.

*) Earnings Before Interest, Taxes, Depreciation and Amortization