The board of directors has adopted the following financial targets:
Net sales growth
Continue to deliver organic growth above the addressable market
Profitability and cash conversion
Return to an adjusted EBIT margin of 5%. Over time, further improve adjusted EBIT margin to 7%
Capital structure
Objective to strengthen the balance sheet and operate with a net debt /EBITDA target of below 2.5x, subject to flexibility for strategic activities
Dividend policy
The Board of Directors has adopted a dividend policy that stipulates that when free cash flow exceeds available investments in profitable growth, and under the requirement that the capital structure target is met, the surplus will be distributed to shareholders.